1 Glorious Growth Stock Down 49% to Buy Hand Over Fist, According to Wall Street
Many investors look to the Nasdaq Composite index to measure the performance of the technology sector. It set a new record high in the early stages of 2024 and remains comfortably in bull market territory despite a recent sell-off.
However, indexes like the Nasdaq Composite are heavily weighted toward multitrillion-dollar tech giants like Microsoft and Nvidia, which skews their performance. Many stocks at the smaller end of the technology industry are still trading below their best-ever levels as they grapple with challenging economic conditions, a scenario that presents an opportunity for long-term investors.
Workiva (NYSE: WK) offers a unique portfolio of software products designed to help organizations compile data and create essential reports. Its stock is trading 49% below its all-time high, yet most Wall Street analysts tracked by The Wall Street Journal have assigned it the highest possible buy rating. Here's why investors might want to follow their lead.
Source Fool.com
