CHWY - 3 Stocks That Could Go Parabolic in 2023
It is very challenging to predict what the markets will do from one year to the next, but there are plenty of solid companies that look ripe for the picking right now. Some of the best to consider are growth stocks that fell hard this year but still possess qualities that set them up for long-term success.
Three Motley Fool contributors recently weighed in on which stocks they believe could rebound over the next year. Let's find out what's in store for Chewy (NYSE: CHWY) , Revolve Group (NYSE: RVLV) , and Etsy (NASDAQ: ETSY) .
John Ballard (Chewy): Pet owners love their furry friends like their own children, and Chewy is emerging as the most convenient way to buy essentials like pet food. Revenue has nearly doubled over the last three years to $9.5 billion, and the company's investments in infrastructure, services, and widening its product selection should pave the way for many more years of growth as the leading brand in this market.
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3 Stocks That Could Go Parabolic in 2023