With the Nasdaq Composite up 32% so far in 2023, many growth stocks are trading at more expensive valuations than a year ago. But there are still good deals to be found.
Shares of Google parent (NASDAQ: GOOG) (NASDAQ: GOOGL) are up 48% year to date, but the company's opportunities to serve up more useful features and services powered by artificial intelligence could kick off a bullish run for the stock over the next several years.
Likewise, Spotify Technology (NYSE: SPOT) is experiencing strong momentum this year, but the stock is still selling at a discounted valuation despite rebounding 77% this year. Here's more detail on why these top stocks are good investments for the long term.
Source Fool.com