Long-term investors shouldn't fear drawdowns -- which is Wall Street lingo for a stock price dip. Declines are excellent opportunities to bet on top-quality companies at more affordable prices. Zynga (NASDAQ: ZNGA) and Fiverr (NYSE: FVRR) fit the bill. Both companies are coming off of weaker-than-expected earnings, but they look poised to bounce back better than ever. Keep reading to find out why.
Zynga is a mobile game developer that drives growth through synergistic acquisitions. Recently, its business hit a roadblock on weaker-than-expected guidance as pandemic-related tailwinds fade in the video game industry. But Zynga can prove its naysayers wrong by unlocking value in its acquired assets and expanding internationally.
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2 Beaten-Down Growth Stocks to Buy Right Now