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This Under-the-Radar Growth Stock Is Down 60% in 2022. Is It a Buy for 2023?

TheMotleyFool

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This Under-the-Radar Growth Stock Is Down 60% in 2022. Is It a Buy for 2023?: https://g.foolcdn.com/editorial/images/712096/person-looking-out-a-window-wondering.jpg

Economic uncertainty has crushed the market this year. With rising inflation around the world and a recession putting many business leaders on edge, few companies have been able to jump through every hoop 2022 has had in store. The tech sector has been hit especially hard, with the tech-heavy Nasdaq Composite index down 30% year to date.

Semrush (NYSE: SEMR) has had a similar story. Shares of the marketing technology company have plummeted 60% in 2022, but could the company fare better in 2023?

Image source: Getty Images.

Source Fool.com

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