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Down 71%, This Growth Stock Could Help You Build a Fortune

Keith Noonan, The Motley Fool
·4-min read
Down 71%, This Growth Stock Could Help You Build a Fortune

While the Nasdaq Composite index is up roughly 21.5% this year, it also remains down roughly 21% from its all-time high. Growth stocks are still in bear market territory, and many companies that saw big valuation boosts at the height of the pandemic continue to trade at massive discounts compared to previous highs. In addition to bullish catalysts created by stimulus initiatives and low interest rates, many software companies saw engagement catalysts from shelter-in-place and social-distancing conditions.

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