Growth has been the buzzword for investors for the last couple of years, as the stock market has defied expectations to continue to head higher. However, investors cannot take it for granted that growth will always be present, despite the lack of any negative catalyst that would take the market back to the bear market levels last seen during the Great Recession of 2008-09.
For companies that display consistent high growth, investors would naturally reward them with overall higher valuations. As long as the growth is intact and there are ample reasons to believe it can carry on, investors need not worry about those high valuations being excessive. Over the years, there have been many examples of companies that have generated huge stock price returns for their loyal shareholders, assuming one had the patience to hold on to their shares.
Here are three growth stocks that could continue to soar into the new year and beyond.