2 Top Tech Stocks To Buy for the Long Haul
2022 has been a rough year for tech stocks. After a boom during much of the pandemic, concerns about rising interest rates and a recession have cooled off the tech sector this year, especially growth stocks with high valuations.
Though the bear market may be demoralizing for investors, it's no excuse to avoid the sector. In fact, bear markets often present great opportunities to buy beaten-down growth stocks, as many of them are undervalued based on temporary headwinds. Coming out of the Great Recession, a number of growth stocks delivered multi-bagging returns, and this sell-off could offer another chance to grab some top stocks on the cheap. Keep reading for two tech stocks that could do just that.
Okta (NASDAQ: OKTA) shares got slammed after its most recent earnings report. The company said it was having challenges integrating Auth0, the customer identity software company it acquired last year. It also stepped back from its long-term guidance of $4 billion in annual revenue by January 2026.
Source Fool.com
