Finding a stock with the growth potential necessary to make its share price go parabolic is tough. However, in reality, investing in such stocks -- provided you identify them -- gets even more difficult because most of these stocks already carry a premium valuation.

Yet, finding such stocks isn't impossible.

Two businesses we will look at today, Doximity (NYSE: DOCS) and InMode (NASDAQ: INMD), are steadily growing operations, and yet trade at discounted prices today -- something that may not last forever. The two businesses are wildly profitable and cash-generative, with free cash flow (FCF) and net profit margins above 25%.

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Source Fool.com