3 unstoppable growth stocks to buy now

October 21, 2021 0 Comments

For growth investors picking unstoppable growth stocks is a priority. This is because they look forward to the capital gains that these stocks will return in the future. Growth stocks are shares of companies that are expected to grow significantly in the future. Therefore it’s pretty uncommon to see any paying dividends as the capital is reinvested to fuel their growth. With many seeing massive market opportunities over the long term, these shares often trade at high P/E ratios, adding additional volatility and risk.

While higher risk, investing in growth stock has been more lucrative in recent years over more traditional value strategies. With that in mind, here are three unstoppable growth stocks I’m considering for my portfolio. 

The electric vehicle giant

Tesla (NASDAQ:TSLA) has had tremendous growth over the past few years. The EV giant’s stock price is up over 1,500% in the last two years. And don’t think it’s about to start slowing down. The company has been delivering stellar results and beating analyst expectations. ARK Invest earlier predicted the stock to hit $3,000 by 2025. 

The Tesla share price history is quite fascinating. The stock recently reached an all-time high of $900 per share earlier this year. Although it quickly fell down again to around $560 a few weeks later. But since then, the growth stock has been back on the rise. And looks like it could be hitting the $900 mark again soon.  

The underlying company has managed to consistently grow its earnings, revenue, net income and operating incoming in the last four quarters. And in its’s most recent report, it once again posted record-breaking numbers. 

However, the firm’s success is far from guaranteed. The electric vehicle industry is starting to get populated as traditional automakers flock into the production of EVs. This increased competition will likely affect Tesla’s future growth. But for now, it remains the biggest EV company in North America and Europe. That’s why I still think it’s an unstoppable growth stock for my portfolio.

Growth stocks in cybersecurity

Crowdstrike Holdings (NASDAQ:CRWD), the cybersecurity company with its Falcon platform, has experienced tremendous growth in recent times. It has grown its employees from 1,455 in January 2019 to 4,224 at the end of July 2021. Aside from that, the firm has continued to expand its revenue and operating income in recent years. 

Like many growth stocks, Crowdstrike is still quite a young business that has yet to deliver any profits. The company has reported net losses in its last three fiscal years. That obviously adds an increased level of risk since the business is dependent on external financing to keep the lights on. 

But since going public in June 2019, the stock has appreciated by 380%. And with analysts estimating this growth trajectory could lead to a share price of $340 in the next 12 months, the stock is on my personal buy list for my portfolio.

But it’s not the only cyber security firm on my list. Datadog (NASDAQ:DDOG) has managed to beat earnings estimates consecutively for the past four quarters. As such, the growth stock has risen by over 300% since its IPO in September 2019. That’s quite impressive, in my opinion.

However, just like CrowdStrike, Datadog is also unprofitable, which, in turn, increases the risk profile. Beyond this, both these firms have to fend off a high degree of competition. Including from each other, that could cause growth to stumble in the future. Having said that, if Datadog continues to generate more revenue beyond expectations, I believe this growth stock could be unstoppable over the long term.

Final thoughts

In my mind, growth stocks are attractive buys for any portfolio. It does with a lot of risks as the stocks are more volatile than the market. But this risk is also often paired with a high reward.

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Prosper Ambaka does not own shares in any of the companies mentioned. The Money Cog has no position in any of the companies mentioned. Views expressed on the companies and assets mentioned in this article are those of the writer and therefore may differ from the opinions of analysts in The Money Cog Premium services.

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