Right now, it's a good idea to look for companies that did not escape last year's bloodbath but have a chance to rebound in 2023 -- and deliver market-beating returns over the long run. One tech company that fits the bill is e-commerce specialist Shopify (NYSE: SHOP). Last year, Shopify's revenue growth rates declined while the company's operating and net losses worsened compared to the early days of the pandemic.
If you're looking for high-growth stocks that have been beaten down and could take off in the next bull market, you've come to the right place. While no one knows if the stock market has hit bottom yet, it certainly feels that way. A team of Motley Fool contributors recently sifted through the market's rubble to find three promising growth stocks that are due to rebound.
In the latest trading session, Shopify (SHOP) closed at $52.93, marking a -1.31% move from the previous day.