This Technology Stock Might be a Spectacular Buy After the Nasdaq Correction, According to Wall Street Analysts

The tech-heavy Nasdaq-100 index is down by more than 10% from the all-time high it set last month, but it was down by as much as 13% earlier in March. A broad sell-off swept the U.S. stock market as historically high valuations ran up against rising fears and uncertainties about tariffs, trade wars, and the macroeconomic outlook, triggering a risk-off sentiment among investors.But historically, the U.S. stock market has always eventually followed its downturns with recoveries to new highs, so corrections have typically been great buying opportunities. Many high-quality stocks declined sharply in recent weeks --among them, Netflix (NASDAQ: NFLX), which was down by as much as 18% from its peak, and now trades about 8% below it.Netflix started to recover but investors can still scoop up its stock at a discount, and according to Wall Street, that might be a smart move. The Wall Street Journal tracks 54 analysts who cover Netflix stock, and the majority have assigned it the highest possible buy rating, with none rating it a sell.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool