FLGT - Forget Snowflake: 3 Hypergrowth Stocks I'd Rather Buy
When Snowflake went public in September, the investment community was abuzz. The cloud-data warehousing company had astounding growth, proven leadership, and a world of traders clamoring for shares. The stock more than doubled on the first day of trading and hasn't looked back.
With the stock now up almost 32% since the IPO and trading at valuations reminiscent of the dot-com bubble, I'm looking at three other hypergrowth stocks that may give shareholders a better chance at future returns. Genetic testing, pet supplies, and short-term rentals aren't as sexy as cloud-data storage, but I think Fulgent Genetics (NASDAQ: FLGT) , Chewy (NYSE: CHWY) , and Airbnb (NASDAQ: ABNB) offer an opportunity for better returns over the next three to five years.
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Forget Snowflake: 3 Hypergrowth Stocks I'd Rather Buy