2023-08-23 05:10:00 ET
Growth stocks gave investors a wild ride over the last few years. After soaring for most of the last decade, the Nasdaq Composite fell hard in 2022. While the index is up 29% this year, many growth stocks are still selling well below their previous highs.
This is a good time to put some money to work in some of these beaten-down growth stocks. Market leaders like Airbnb (NASDAQ: ABNB) , Imax (NYSE: IMAX) , and Lululemon Athletica (NASDAQ: LULU) reported strong revenue increases this year, fueled by solid demand for their services. These companies have bright prospects for more growth .
Indeed, it wouldn't be surprising to see these stocks deliver market-beating returns through 2030, given their above-average revenue growth and fair valuations.
For further details see:
3 Growth Stocks That Could Make You Richer by 2030