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3 Once-Hot IPOs That Have Fallen by 40%

TheMotleyFool

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There have been a lot of compelling new stocks hitting the market over the past year. They may have hit the ground running, but IPOs have been among the hardest hit names during the recent correction for growth stocks.

Snowflake (NYSE: SNOW), DoorDash (NYSE: DASH), and Palantir (NYSE: PLTR) are all trading at least 40% below their earlier highs as of Tuesday's market close. That's a big fall. These stocks would have to almost double to get back to where they were at their peaks. Let's see why they have promising long-term prospects.

Image source: Getty Images.

Source Fool.com

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