PSFE - 2 Growth Stocks Down Over 78% That Could Double According to Wall Street
The Nasdaq-100 technology index has dipped into bear market territory a couple of times in 2022 already. But bargain hunters have swooped in, pushing the market higher and narrowing its year-to-date loss to just 12% as of this writing.
Some of investors' underlying concerns still remain, with interest rates ticking higher and geopolitical tensions in Europe causing uncertainty. But history suggests buying into stock market weakness with a long-term time mindset is a great way to generate positive returns.
With that said, Redfin (NASDAQ: RDFN) and Paysafe (NYSE: PSFE) have fallen 78% and 80%, respectively, from their all-time highs, but some analysts on Wall Street remain bullish, predicting they could double (or more). Here's why.
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2 Growth Stocks Down Over 78% That Could Double, According to Wall Street