Tech Sell-Off: 3 Growth Stocks Down 42% to 71% That I Still Won't Touch

tech sell off 3 growth stocks down 42 to 71 that i still wont touch

Sumary of Tech Sell-Off: 3 Growth Stocks Down 42% to 71% That I Still Won't Touch:

  • The stock market has been incredibly strong this year, with the broad S&P 500 index returning 27% so far.
  • 1. Twitter: Down 42% Shares of short-form social media giant Twitter (NYSE:TWTR) hit an all-time closing high above $77 in March this year, but it has been downhill ever since.
  • At the end of 2020, Twitter had 192 million daily active users, and that figure is now at 211 million as of the recent 2021 third quarter.
  • Metric 2018 2022 (Estimate) CAGR Revenue $3.04 billion $6.17 billion 19.36% Data sources: Twitter, Yahoo!
  • If Twitter reaches analysts’ forecasts of $6.17 billion in 2022 revenue, a further 19.36% growth in 2023 would see the company generate $7.36 billion — yet it would still be shy of its $7.5 billion target.
  • With a price-to-sales multiple of 7.6 based on forecast 2021 revenue of $5 billion, combined with sluggish growth and fading tailwinds from the improving pandemic, it’s unlikely Twitter will revisit its highs anytime soon.
  • 2. Robinhood: Down 58% Robinhood Markets (NASDAQ:HOOD), the innovative stock broker to Gen Z, is no stranger to controversy.
  • The Securities and Exchange Commission (SEC), which oversees financial market activity, has repeatedly pinged Robinhood for misleading its customers (among other things) about the money they save through its zero-commission business model.

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