NET - 2 Growth Stocks Down More Than 75% to Buy in 2023 and Hold for the Next Decade
In today's market, it's not hard to find growth stocks that trade down massively from their highs. High levels of inflation have prompted the Federal Reserve to rapidly increase interest rates. And even with signs that inflation may be moderating, investors now have the possibility of a prolonged recession to contend with. This unfavorable backdrop of macroeconomic conditions has generally crushed valuations for growth-dependent companies.
But there is a silver lining. Hard times will eventually give way to brighter days, and there are currently some very promising companies trading at prices that open the door for massive long-term gains. If you're on the hunt for potentially explosive investment play, then consider Cloudflare (NYSE: NET) and Fiverr International (NYSE: FVRR) as two growth stocks down more than 75% that are worth buying and owning for the long haul.
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2 Growth Stocks Down More Than 75% to Buy in 2023 and Hold for the Next Decade