ULTA - Got $3000? 3 Growth Stocks to Double Up on Right Now
2023-04-26 05:05:00 ET
Growth stocks are often favored on Wall Street for their potential to generate market-beating returns. It's much easier for a business to grow its earnings, after all, when it's in a position to steadily and rapidly boost sales.
With that in mind, let's consider a trio of growth stocks that look like attractive buys today: Ulta Beauty (NASDAQ: ULTA) , Palo Alto Networks (NASDAQ: PANW) , and Constellation Brands (NYSE: STZ) .
There was a lot for investors to love about Ulta Beauty's latest earnings report. The make-up and beauty products retailer grew comparable-store sales at a blazing 16% clip in the fiscal year that ended in late January, even after boosting sales by 38% in fiscal 2021. Its annual sales are now comfortably above $10 billion, compared to $6 billion two years ago.
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Got $3,000? 3 Growth Stocks to Double Up on Right Now