Which Beat Down Stock Should I Buy for the Biggest Long-Term Rise? Here

Which Beat Down Stock Should I Buy for the Biggest Long-Term Rise?  Here are 3 high-growth technology concepts that have reached a 52-week low

Which Beat Down Stock Should I Buy for the Biggest Long-Term Rise? Here are 3 high-growth technology concepts that have reached a 52-week low

“Fear when others are greedy and greedy when others are afraid.”

This is probably his most famous of the memorable quotes from investor legend Warren Buffett.

But it’s much easier said than done.

When stocks go up, everyone wants a share of the action. Meanwhile, down-and-out stocks rarely get a second look.

After recovering the market from the coveted-induced sell-off in 2020, several technical stocks fired through the roof. The speed seemed irresistible.

But now, several of those fast-growing names have a 52-week low.

Here are three of them. If you believe in their long-term potential, you may want to push soon.

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PayPal

As a leader in the digital payments industry – and one of the leaders, PayPal has already provided strong returns to long-term investors. From 2018 to 2020, the stock has risen nearly 200%.

But this former high-flyer is no longer the darling of the market. From peaking at $ 310 last summer, the stock has fallen more than 70%.

Although business continues to grow.

In the first quarter of 2022, PayPal’s total payments increased 13% year on year to $ 323.0 billion. Revenue rose 7% year-on-year to $ 6.5 billion.

PayPal is already one of the most established players in the industry – serving over 400 million customers and merchants in over 200 markets – and the growth figures are particularly impressive.

The customer base is also growing. During the quarter, the company added 2.4 million new active accounts.

On April 28, BMO Capital Markets reaffirmed an outperform rating on PayPal and set a price target of 4 114. With the stock currently trading at $ 80.50, BMO’s target indicates a reversal of 82%.

Best of the Year (YEAR)

The secular trend of on-demand video streaming has created a number of winners in the tech space.

Roku is one of them. Since going public in September 2017, the stock has returned more than 250%.

The company’s platform gives users access to streaming services such as YouTube, Netflix and Disney +. Roku also offers its own ad-supported channel featuring licensed third party content.

The company added 8.9 million active accounts in 2021, bringing the total number of active accounts to 60.1 million. Revenue rose 55% year-on-year to 2.8 billion.

While Roku’s business is moving in the right direction, investors are fast becoming guaranteed in fashion. The stock has dropped surprisingly 72% in the last 12 months.

Some investors may be concerned about the company’s big competitors.

At the end of March, Netflix had 221.6 million subscribers, while Disney + had 137.7 million subscribers worldwide.

But not everyone on Wall Street is leaving Roku. JPMorgan, for example, has an overweight rating on the company and a price target of $ 175 – 86% higher than where today’s stock sits.

DOCU (DOCU)

Rounding up our list is DocuSign, a company known for its eSignature solutions that allow different parties to securely sign contracts without having to be in the same room.

Docusin’s remote business offers have come in handy in the last two epidemic-related years.

As of January 31, 2020, it had 589,000 subscribers Fast forward to two years, it had 1.17 million subscribers worldwide.

There has also been considerable improvement in the financial sector.

In FY4, DocuSign’s revenue grew 35% year-over-year to 80 580.8 million, driven by a 37% increase in subscription revenue. The bottom line has also improved as the company’s consistent EPS has risen from $ 0.37 to 0.48.

Despite that strong growth, shares have fallen more than 60% in the past year. But reverse investors may want to take notice.

Although Docusain is far from a market choice at the moment, several companies remain bullish on the stock. RBC Capital Markets, for example, has an outperform rating on the company and a target price of $ 135 – about 78% higher than current levels.

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This article provides information only and should not be construed as advice. It is provided without any warranty.

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