Tech Sell-Off: This Growth Stock Could Soar 122%, Says Wall Street
This year, the stock market might be on shaky ground, but that doesn't mean there aren't quality opportunities. In fact, if history is any guide, down markets are the best time to put money to work because markets have always broadly recovered in the long run.
But it's important to be selective about where you invest. Focusing on companies that are either profitable, or that have a strong balance sheet with a long runway to reach profitability, can reduce the risk of loss if market conditions deteriorate further.
Here's one stock that fits the latter part of that criteria, and it has the backing of analysts at one Wall Street bank who think it could more than double in price from where it trades today.
Source Fool.com
