None of us love bear markets. But there's one thing about this sort of investing environment that's actually very positive. Bear markets offer the opportunity to buy many great stocks for bargain prices. Declines this year have left a lot of companies trading at a discount in relation to earnings or sales. And certain stocks may look cheap considering future growth prospects.

Many players are languishing today, but the difficult times won't last forever. When the situation improves -- or even anticipates better days -- these stocks could take off. Let's take a look at three wildly undervalued stocks that could go parabolic.

Etsy (NASDAQ: ETSY) made big gains during the earlier days of the pandemic: The e-commerce platform for handmade goods saw gross merchandise sales (GMS) soar by percentages in the triple digits. Today, macroeconomic factors like higher inflation are weighing on Etsy.

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Source Fool.com