3 High-Growth Stocks That Could Soar
Growth stocks have been enjoying a rebound in 2023 -- the tech-heavy Nasdaq Composite index has jumped by close to 30% year to date. That sharp reversal has been a breath of fresh air for investors who saw growth stocks fall across the board last year as the pandemic-era surges in demand for their offerings began to dissipate. Yet despite this general recovery, investors still need to be careful not to pick stocks that may see their growth lose steam.
It is important to apply filters to ensure that you buy stocks with characteristics that give them the potential to do well in the long run. The attributes to look for include a strong growth track record, catalysts that can help the business to sustain its momentum, and a large and expanding total addressable market. Selecting stocks with such characteristics gives you a much better chance of seeing your portfolio's value increase significantly over the years.
Here are three such growth stocks whose share prices could be on the cusp of soaring.
Source Fool.com
