3 Growth Stocks That Could 5x in 2023
2022 has been a big year for value stocks, many of which are beating the market. Growth investing took a backseat to safer approaches after years of wealth creation while the economy became volatile. But 2023 is on the horizon, and the market could change very quickly.
As many sky-high valuations on growth stocks bottom out, these stocks could really start up again in the new year. A responsible approach to growth investing, which takes valuation into account along with growth prospects, could help you achieve your investing goals this year.
It's unlikely for any stock to gain five times its value in one year sustainably, but there are those rare stocks out there that appear to be strongly undervalued or have such massive potential that they could really skyrocket. Global-e online (NASDAQ: GLBE), Revolve Group (NYSE: RVLV), and Portillo's (NASDAQ: PTLO) are my recommendations for growth stocks that could explode in 2023.
Source Fool.com
