Many growth stocks have steadily risen from their lows, giving investors hope that the worst is over. As of this writing, Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) is near $100 after falling to the low $80s, Upstart Holdings (NASDAQ: UPST) is threatening $20 after falling to $12, and Wayfair (NYSE: W) has roughly doubled from its low of $28. Could a new lawsuit threaten Alphabet's advertising business?
Despite strong business performance, rental specialist Airbnb's (NASDAQ: ABNB) share price has tumbled about 52% from its high. Meanwhile, e-commerce player Wayfair (NYSE: W) has seen an even bigger valuation pullback. Read on to see why two Motley Fool contributors have differing takes on which stock is more likely to deliver great returns for investors.
Wayfair (NYSE: W) stock has had a rocky ride over the last few years. Over the last year, Wayfair was hit hard by supply chain shortages and high inflation that caused revenue to fall. An expensive valuation entering 2022 ahead of falling revenue sent the stock price down 84% from its high.