3 Beaten-Down Tech Stocks With Up to 167% Upside, According to Wall Street
Ready or not, the bear market has arrived for high-growth tech stocks. Although tech stocks have been a pillar for Wall Street since the end of the Great Recession, both the Nasdaq Composite and Technology Select Sector SPDR ETF are more than 20% off their all-time highs and in official bear market territory.
While the unpredictability and velocity of downside moves during a bear market can be scary, history has shown time and again that putting your money to work during these large downdrafts is a smart move. That's because all notable declines are eventually wiped away by bull market rallies -- and Wall Street knows it.
Although its commonplace for Wall Street analysts to be bullish on the tech sector, a few analysts are particularly optimistic about the prospects for three beaten-down growth stocks. If these high-water price targets prove accurate, the following tech stocks could gain as much as 167% over the next year.
Source Fool.com
