Tech Sell-Off: This Beaten-Down Growth Stock Could Soar 173%, Says Wall Street
The technology-centric Nasdaq 100 stock market index is down 12% so far in 2022, which is a considerable decline given that it's only January. But since history supports taking a long-term view for the best investment results, this rapid downturn in the market might be a great opportunity to buy quality businesses at a discount.
Tech-driven used car dealer Carvana (NYSE: CVNA) might fit that bill. The company has suffered a stock price decline of 58% since hitting its all-time high in August 2021, but leading Wall Street investment bank Morgan Stanley (NYSE: MS) has just come out with a very bullish call. Here's why.
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Source Fool.com
