SNOW - Got $5000? These Are 2 of the Best Growth Stocks to Buy Right Now.
2024-01-22 04:55:00 ET
Growth stocks are appealing to investors because they offer the chance for market-beating returns. This growth opportunity isn't without its downsides, but for patient investors, it can pay off in the long run with higher gains.
If you have $5,000 available to invest (meaning you have an emergency fund and high-interest debt is taken care of), splitting it between these two growth stocks can be a good option. Both have been volatile and face near-term threats, but their long-term upside far outweighs their downside.
Snowflake (NYSE: SNOW) is a data warehousing company that provides cloud-based data analytics and storage. When Snowflake went public in September 2020, it was one of the hottest growth stocks on the market. Its initial public offering (IPO) price was set at $120, and less than three months later, the stock was trading over $385. Even after a good 2023, it now sits well below its peak.
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Got $5,000? These Are 2 of the Best Growth Stocks to Buy Right Now.