3 Humbled Nasdaq Stocks Ready to Bounce Back
If you like bargain-shopping, there's certainly no shortage of stocks to consider right now. The growth-oriented Nasdaq Composite (NASDAQINDEX: ^IXIC) is down more than 16% year to date, and currently sits nearly 20% below its November peak. In that it's a composite of all Nasdaq-listed names, that means some of its constituent stocks have done much, much worse.
In a few of those cases, however, the drubbings are overdone. Here's a look at three of the Nasdaq's most beaten-down tickers primed to bounce back sooner or later, and probably sooner than later.
MongoDB (NASDAQ: MDB) may not make an exciting product, but that doesn't mean it's not an exciting company... from an investor's perspective. Last year's top line of $874 million was 48% better than 2020's revenue, and analysts are modeling sales growth of more than 34% this year.
Source Fool.com
