The Nasdaq had its worst year since 2008. These are the best and worst performers and what to expect in 2023

2022 brought the worst yearly stretch for the Nasdaq Composite since 2008's financial crisis. Don't be surprised if 2023 kicks off with a rocky start.

2022 brought an end to an impressive bull run for technology — and the worst year for the Nasdaq Composite since 2008. Don't be surprised if 2023 kicks off with a rocky start. As of Friday's close, the tech-centric index had plummeted nearly 33% this year, dragged down by mega-cap tech, electric vehicle stocks, semiconductors and software names. Energy stocks, meanwhile, found favor in investors' portfolios, as did healthcare and financials.

The consensus price target means the stock could gain more than 13% near term. Pinduduo and Chinese tech Another unexpected winner was Chinese technology stock Pinduoduo . The stock rallied 44% even as the country faced harsh Covid restrictions amid a resurgence in cases. Seventy-eight percent of analysts say the stock is a buy, with a 24% potential upside. Other stocks in that category, including Alibaba and JD.

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