Want a 139% Return? Buy This Growth Stock, Says Wall Street
Finding returns -- let alone big ones -- in the throes of a bear market isn't easy. Every stock market sector is in the red in 2022 except energy and utilities; the former owes its gains to high oil and gas prices, and the latter is typically a safe haven for investors during tough times.
One of the worst-performing sectors right now is technology. The Nasdaq-100 tech index is down 23% year to date, and many individual stocks have fared even worse. One in particular, Confluent (NASDAQ: CFLT), has lost nearly 65% of its value.
But Confluent is a company of the future, and it's growing rapidly with some of the largest organizations in the world seeking its services. Its stock might be down heavily at the moment, but one Wall Street investment bank is betting it could more than double from here.
Source Fool.com
