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3 Hypergrowth Stocks to Buy Heading Into 2024

TheMotleyFool

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3 Hypergrowth Stocks to Buy Heading Into 2024: https://g.foolcdn.com/editorial/images/757335/financial-analyst-working-on-computer-with-multi-monitor-workstation-with-real-time-stocks.jpg

Many hypergrowth stocks lost their luster over the past two years as rising interest rates drove investors toward more conservative investments. That's a prudent move, but some of those stocks might still be potential multibaggers over the long term.

So, if you believe interest rates will stabilize in 2024 as the macro environment warms up, it might be a great time to load up on a few hypergrowth plays. If you aren't afraid of a little near-term volatility, these three stocks deserve a closer look: Paycom (NYSE: PAYC), Pinduoduo parent PDD Holdings (NASDAQ: PDD), and IonQ (NYSE: IONQ).

Image source: Getty Images.

Source Fool.com

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