UPST - 2 Growth Stocks Down Over 90% to Buy Hand Over Fist
When a company loses more than 90% of its stock value, it can be easy to assume that it might be under some structural stress. But in the current market environment, with technology stocks getting crushed over concerns about difficult macroeconomic conditions, investors need to consider other possibilities as well.
With inflation and interest rates on the rise and forcing many consumers to cut back on spending, the bottom lines of all sorts of businesses will take a hit. But some stocks, including Upstart Holdings (NASDAQ: UPST) and GoPro (NASDAQ: GPRO) , are unlikely to take a hit that justifies their shares being down over 90% from all-time highs.
It's true that these two companies face some unique challenges in this environment, but they're making positive moves for the long term, and that's what investors should be focusing on. Here's why now might be a great time to buy their stocks hand-over-fist.
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2 Growth Stocks Down Over 90% to Buy Hand Over Fist