2 Hypergrowth Stocks to Buy in 2022 and Beyond
In 2021, hypergrowth stocks were all the rage, and investors couldn't get enough of them. Unfortunately, 2022 was a completely different story, with this stock market segment suffering dramatically. Admittedly, some of this sell-off was deserved, as many of these stocks were overhyped. However, not every stock that suffered should stay down forever.
In fact, the downturn has led many of these stocks to sell at investible levels. Here are two growth stocks that could make great buys today:
Snowflake (NYSE: SNOW) may have garnered one of the highest valuations in 2021. After topping out at more than 150 times sales during its IPO in late 2020, it spent most of 2021 valued around 100 times sales. It's hard to deny that the stock was overvalued, but it looks more investible at 31 times sales.
Source Fool.com
