In a volatile market, growth stocks can offer tremendous upside for investors willing to stomach some risk. While many high-flying growth names have seen sizable corrections in 2022, the long-term growth narratives for many of these companies remain intact.
As the macroeconomic environment improves in 2023 and beyond, some of the most beaten-down growth stocks could stage huge comebacks and post triple-digit returns within a 12-month period.
While forecasting triple-digit returns is inherently speculative, certain companies’ fundamentals and growth runways make a compelling case. Let’s look at the following three.
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