Author: Benjamin Rains, Zacks

There could be more selling in the coming weeks, but long-term investors shouldn’t try to time the market.

Shares are up 80% in 2023 and are a “Strong Buy” right now.

If the company reports upbeat results and offers solid guidance when it releases its Q2 earnings in early August, the stock might be able to break out to new 52-week highs and start to mount a comeback toward its peaks.

Despite its recent pop, its long-term outperformance, and the fact it trades near its peak in terms of price, the company’s valuation hardly appears stretched.

Both Wall Street and the stock’s price movement are telling investors to stay away right now.