2 Hot IPO Stocks That Could Crush the Market
The initial public offering (IPO) market has been mostly quiet over the past year after a record amount of IPOs in 2021, a special purpose acquisition company (SPAC) bust last year, and a bear market. But as the market creeps back up and investors are getting more enthusiastic about new opportunities, there have been some strong recent debuts. Cava Group (NYSE: CAVA) and Oddity Tech (NASDAQ: ODD) are two IPO stocks that have incredible potential and could crush the market.
Cava was one of the first IPO stocks this year to cause a stir when it debuted in June. It operates a fast-casual concept similar to the one popularized by Chipotle Mexican Grill with a focus on Mediterranean fare, and it's been demonstrating impressive growth.
Revenue increased 62% in the 2023 second quarter, and unlike many fast-growing restaurant chains, it wasn't driven primarily by new stores but an 18% increase in comparable sales. That's a key metric to watch, because it signifies loyalty, brand power, and organic growth prospects.
Source Fool.com
Chipotle Mexican Grill Inc. Stock
The stock is one of the favorites of our community with 70 Buy predictions and 1 Sell predictions.
With a target price of 2478 € there is potential for a 5315.21% increase which would mean more than doubling the current price of 45.76 € for Chipotle Mexican Grill Inc..
