ASAN - These 2 Stocks Carry a Lot of Risk but Their Upside Is Huge
2023-03-31 05:07:00 ET
Investing is all about balancing risk and reward in a diversified portfolio, and some growth stocks are worth the risk. Companies that define new categories can seem crazy early on, and that's where I think we are with Virgin Galactic (NYSE: SPCE) and Asana (NYSE: ASAN) .
Virgin Galactic could come to define space tourism for thousands of travelers, and Asana could become a productivity tool that grows from small businesses to the masses. Here's why I like the risk/reward profile of both right now.
If space tourism is common a decade from now, it will probably mean that Virgin Galactic was successful in launching a reusable spacecraft and attracting customers to pay upward of $450,000 for a flight . The company has completed test flights and recently upgraded its mother ship, with plans to launch commercial operations by the end of the second quarter of 2023.
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These 2 Stocks Carry a Lot of Risk, but Their Upside Is Huge