Coatue's Philippe Laffont Just Bought Shares of This Beaten-Down Growth Stock That Wall Street Predicts Will Soar 80%
The S&P 500 has soared in recent times, delivering two consecutive years of double-digit gains, and investors -- from billionaires to small retail investors -- have piled into some of the biggest winners. I'm talking about technology stocks, and, more specifically, players operating in the high-growth area of artificial intelligence (AI).It's a great idea to add these sorts of companies to your portfolio, as the AI market continues to progress through its early chapters and a lot more growth lies ahead. But savvy investors aren't only sticking with the stocks that have delivered big in recent quarters. They're also looking at some of the down-on-their-luck players that offer fantastic long-term prospects. Today, you can pick up this sort of stock for a bargain and potentially see it soar in the months or years to come.Philippe Laffont, the founder of Coatue Management, has done just that, recently buying shares of a beaten-down growth stock that Wall Street predicts will surge 80% in the coming 12 months. Billionaire investors are a valuable source of inspiration along the investing path since they've built up a strong understanding of the market, and their strategies clearly have worked.Continue reading
The S&P 500 has soared in recent times, delivering two consecutive years of double-digit gains, and investors -- from billionaires to small retail investors -- have piled into some of the biggest winners. I'm talking about technology stocks, and, more specifically, players operating in the high-growth area of artificial intelligence (AI).
It's a great idea to add these sorts of companies to your portfolio, as the AI market continues to progress through its early chapters and a lot more growth lies ahead. But savvy investors aren't only sticking with the stocks that have delivered big in recent quarters. They're also looking at some of the down-on-their-luck players that offer fantastic long-term prospects. Today, you can pick up this sort of stock for a bargain and potentially see it soar in the months or years to come.
Philippe Laffont, the founder of Coatue Management, has done just that, recently buying shares of a beaten-down growth stock that Wall Street predicts will surge 80% in the coming 12 months. Billionaire investors are a valuable source of inspiration along the investing path since they've built up a strong understanding of the market, and their strategies clearly have worked.
