Share prices of many gaming, e-commerce, and business communication stocks soared in 2020 and early 2021, then tanked dramatically in the later part of 2021. Tech stocks have come under intense pressure as investors remain concerned about high and sticky inflation, labor shortages, and the resurgence of COVID-19 cases associated with the omicron variant.
However, there are a few stocks, such as Sea Limited (NYSE: SE) and Twilio (NYSE: TWLO) , that have been excessively punished despite having a healthy business model and delivering strong financial results. While the short-term trajectory is discouraging, there remains a high possibility of a solid correction in these stocks in the long run. Let's see why Wall Street is valuing these stocks at a significant premium to their current share prices.
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Buy These 2 Stocks to Earn 90% to 120% Returns, According to Wall Street