VCYT - Double-Digit Sales Growth: Is This Stock a Convincing Buy for Growth Investors?
2023-03-10 09:30:00 ET
Rising interest rates and fears of a recession have caused a great deal of uncertainty over the past 12 months. This explains why the Nasdaq Composite has dipped 13% during that time.
But there are plenty of growth-oriented companies whose stocks have outperformed the market amid this volatility -- for example, the genomic test maker Veracyte (NASDAQ: VCYT) has lost just 9% of its value in the last year.
But should growth investors buy the stock at this time? Let's dig into Veracyte's fundamentals and valuation to get an answer to that question.
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Double-Digit Sales Growth: Is This Stock a Convincing Buy for Growth Investors?