Growth stocks have been hit hard over the last couple of months, as the combination of stubbornly high inflation, a hawkish Fed, rising bond yields, and economic trouble out of China have all spooked investors. And while some investors are seeking out safe havens, those with bigger appetites for risk just might be looking for heavily sold growth names to buy on the cheap.
With this in mind, here's a roundup of three growth stocks trading near their 52-week lows - all priced under $20, but with the potential to double, according to Wall Street analysts. Now, I won't sugarcoat it; these stocks aren't exactly rock-solid fundamentally, so there's likely a good reason behind that bargain price tag. However, let's see why analysts still like these three beaten-down growth names.
