β#ForexChief #Cloudflare #PalantirTechnologies #NYSE #stocks #StockExchange #BlockIncβ
π Fresh trend 2022: stocks with upside potential after a drawdownβ
π The current market collapse always provides an opportunity for a confident profit. Main thing is to know what exactly is worth buying at the lows. We offer three promising options.
β
Block Inc. (NYSE: S.Q.)The parent company of Square project is considered the main beneficiary of COVID-19 pandemic, so it simply has to make the most of the bear market. Shares of Block Inc. grew during lockdown thanks to rise of e-commerce. But it has lost 21% since start of 2022 and is now trading 56% below its high. At the moment, management is betting on the company's strong breakthrough in field of mobile payment processing.
β
Analysts estimate the growth potential of Block's quotes by 95% βup to $248.84 per share.β
Cloudflare (NYSE: NET)Shares of the web infrastructure and cybersecurity company fell sharply at the start of the year. In 2020, they lost more than 22%. Cloudflare expects revenue to grow 47% to $185.1 million on strong demand for network security, content delivery and business solutions. The number of its customers in the third quarter of 2021, who spend more than $100000 per year on Cloudflare services, soared by 71%.
β
Growth prospects β 50-70% from current levels.
β
Palantir Technologies (NYSE:PLTR)This company provides data analysis software and services to government organizations and large corporations. Since the beginning of 2022, Palantir shares have lost more than 22% due to global revaluation of shares in technology sector, but the company plans to expand into new markets β healthcare, energy and manufacturing. This year, analysts expect sales to rise to a record $417.6 million, and taking into account this factor, the upside potential for Palantir shares will be 66%.
β
So catch good moments to enter the market!
β
Profits to yβall!