Down 88%, This Growth Stock Could Be Set for a Recovery in 2025
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Tech stocks saw a boom year in 2021 as they soared through the tail end of the pandemic. But tech stocks that went public during that year got stuck between a bull and bear market.Amplitude (NASDAQ: AMPL) is one such example. The software-as-a-service stock, which specializes in digital analytics and digital product optimization, went public in September 2021. The stock initially soared out of the gate on the broader enthusiasm for the software sector and the company's strong growth at the time of its market debut.However, like the rest of the software sector, its growth rate rapidly slowed as the economy reopened and businesses focused on other priorities. The stock plunged in late 2021 and 2022, and has remained down since then. Amplitude is now down 88% from its peak shortly after its initial public offering, but signs are emerging of a rebound. Let's take a look at three reasons the stock could jump in 2025.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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