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1 Growth Stock Down 45% That Could Rebound in 2023

TheMotleyFool

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1 Growth Stock Down 45% That Could Rebound in 2023: https://g.foolcdn.com/editorial/images/719020/person-sitting-and-working-at-a-desk.jpg

Could equities experience a further bear market this year? That seems unlikely. Downturns last a bit less than 10 months, on average, so there is a good chance stocks will bounce back in 2023 -- and they have even started to do so.

Right now, it's a good idea to look for companies that did not escape last year's bloodbath but have a chance to rebound in 2023 -- and deliver market-beating returns over the long run.

One tech company that fits the bill is e-commerce specialist Shopify (NYSE: SHOP). Let's consider why the next 12 months and beyond could be much better for the tech giant than last year was.

Source Fool.com

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