TOST - Looking for Next Year's Winners? These Underdog Growth Stocks Are Great Buys for 2024 and Beyond
2023-12-10 05:15:00 ET
Market volatility can make investors feel very uneasy about their financial future. However, wild swings in share prices give long-term investors the opportunity to score bargains before Wall Street realizes its mistake. The key is to ignore the stock market and focus on the key advantages of the underlying business.
There are terrific buying opportunities in beaten-down growth stocks right now. Toast (NYSE: TOST) , SentinelOne (NYSE: S) , and Chewy (NYSE: CHWY) have fallen well off their highs, but these companies have continued to grow in a challenging economy, and more growth could change the market's tune in a new year. Here are the key factors that could send these stocks higher.
Toast is a leading software platform that makes running a restaurant a lot easier. It helps streamline order management and other administrative tasks. Revenue has doubled over the last two years, with a massive growth opportunity still ahead. The company has seen growth slow over the last year amid macroeconomic issues, like inflation hurting consumer spending, but the stock's low valuation is too cheap to pass up.
For further details see:
Looking for Next Year's Winners? These Underdog Growth Stocks Are Great Buys for 2024 and Beyond