The Nasdaq Composite has entered market correction territory, closing over 10% below its recent bull-market high on March 6. The index has continued to fall since then, trading 12% below the record high it reached in December.
Uncertainty surrounding the economic impact of US trade policy is a key reason for this drawdown. The Trump administration’s sweeping tariffs on imported goods from several countries have contributed to concerns about consumer sentiment and recession fears.
However, there are reasons to be optimistic about the Nasdaq’s historical resilience. The index has recovered from every past correction, and there is no reason why this one should be different. For patient investors, this represents a buying opportunity.
Two beaten-down Nasdaq stocks that Wall Street analysts expect to soar in the coming months are:
1. The Trade Desk (TTD) – 100% implied upside
The Trade Desk has declined 60% from its record high, but its median target price is still $112 per share, implying a 100% upside from its current share price of $56. The company’s demand-side platform uses AI to automate, measure, and optimize data-driven campaigns.
2. Datadog (DDOG) – 55% implied upside
Datadog has fallen 39% from its record high amid concerns about its guidance, but its median target price is still $160 per share, implying a 55% upside from its current share price of $103. The company provides observability software that helps businesses monitor IT infrastructure and resolve performance problems.
Investors with a time horizon of three to five years should consider buying these stocks at their current prices. Both companies have shown strong historical growth and are expected to benefit from trends like cloud computing and AI, which create demand for their products.
Source: https://www.fool.com/investing/2025/03/19/nadsaq-correction-2-stocks-down-60-buy-before-soar