Tech Sell-Off: This Beaten-Down Growth Stock Could Soar 312%, Says Wall Street
It's only February, but investors are already having a tough year. The technology sector is suffering the most with the Nasdaq 100 index down over 12% year to date. But history suggests ignoring short-term noise and taking a long-term view will yield the most positive results. So investors could use the recent dip as a chance to buy innovative companies at a discount.
First-of-its-kind artificial intelligence company, C3.ai (NYSE: AI), might be one candidate. There is a caveat, however: While its shares down 20% so far in 2022, they have lost 85% of their value since hitting their all-time high in Dec. 2020, so it's a volatile stock.
But one Wall Street firm stands behind the company's potential, indicating C3.ai stock could quadruple from today's price. Here's why.
Source Fool.com
