SG - 3 Stocks That Can Double Again in 2024
2024-07-02 11:50:00 ET
There are just a little more than 30 U.S. exchange-listed companies with market caps greater than $1 billion that more than doubled in the first half of this year. It's fair to say that most of them won't repeat the feat through the final six months of 2024. It doesn't mean that all of them won't deliver an encore performance.
Cava (NYSE: CAVA) , Hims & Hers Health (NYSE: HIMS) , and Sweetgreen (NYSE: SG) are among handful of names that have already doubled this year. They have a shot at doubling again before the end of 2024. Let's take a closer look.
Investors are often smart to steer clear of freshly minted IPOs, but Cava has proven to be a tasty exception to the rule. The fast-growing chain of Mediterranean fast-casual restaurants went public at $22 in the springtime of last year. It nearly doubled to $42.98 by the end of 2023. It has gone on to more than double this year, a four-bagger for those who got in on the IPO less than 13 months ago.
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3 Stocks That Can Double Again in 2024