This Technology Stock Might be a Spectacular Buy After the Nasdaq Correction, According to Wall Street Analysts
The tech-heavy Nasdaq-100 index is down by more than 10% from the all-time high it set last month, but it was down by as much as 13% earlier in March. A broad sell-off swept the U.S. stock market as historically high valuations ran up against rising fears and uncertainties about tariffs, trade wars, and the macroeconomic outlook, triggering a risk-off sentiment among investors.But historically, the U.S. stock market has always eventually followed its downturns with recoveries to new highs, so corrections have typically been great buying opportunities. Many high-quality stocks declined sharply in recent weeks --among them, Netflix (NASDAQ: NFLX), which was down by as much as 18% from its peak, and now trades about 8% below it.Netflix started to recover but investors can still scoop up its stock at a discount, and according to Wall Street, that might be a smart move. The Wall Street Journal tracks 54 analysts who cover Netflix stock, and the majority have assigned it the highest possible buy rating, with none rating it a sell.Continue reading
The tech-heavy Nasdaq-100 index is down by more than 10% from the all-time high it set last month, but it was down by as much as 13% earlier in March. A broad sell-off swept the U.S. stock market as historically high valuations ran up against rising fears and uncertainties about tariffs, trade wars, and the macroeconomic outlook, triggering a risk-off sentiment among investors.
But historically, the U.S. stock market has always eventually followed its downturns with recoveries to new highs, so corrections have typically been great buying opportunities. Many high-quality stocks declined sharply in recent weeks --among them, Netflix (NASDAQ: NFLX), which was down by as much as 18% from its peak, and now trades about 8% below it.
Netflix started to recover but investors can still scoop up its stock at a discount, and according to Wall Street, that might be a smart move. The Wall Street Journal tracks 54 analysts who cover Netflix stock, and the majority have assigned it the highest possible buy rating, with none rating it a sell.
