Down 87%, This Growth Stock Might Be Ready for a Comeback

It has been a grueling year for stock market investors with the broad S&P 500 index declining 18.3% from previous highs and flirting with bear market territory. Those who are heavily invested in the technology sector are already battling the bear, with the Nasdaq-100 down over 29% from its all-time high.

Many popular individual tech stocks that had soared over the last two years have fallen even further than the Nasdaq overall, in some cases losing more than 80% of their value. Buy now, pay later powerhouse Affirm Holdings (NASDAQ: AFRM) is one of them. Its stock is down 87.2% since logging its all-time high of $176.65 in November 2021

The thing is, Affirm's underlying performance of its business doesn't quite marry with the market's pessimism. Here's why this stock has real potential for a comeback.

Source Fool.com