The recent bear market dampened a lot of the interest in hypergrowth stocks. As a result, many of the top growth names lost more than three-fourths of their value over the past year or so as traders shifted their focus more toward loss avoidance.
Despite the stock price drops, some names continue to post phenomenal growth numbers, particularly stocks in the cloud sector. These hypergrowth stocks have suffered in the bear market, but the drops will allow long-term investors to buy companies such as MercadoLibre (NASDAQ: MELI) and Snowflake (NYSE: SNOW) at a discount.
Let's take a look at why these two stocks are buys in 2022 and beyond.
For further details see:
2 Hypergrowth Stocks to Buy in 2022 and Beyond