3 Hypergrowth Stocks to Buy in 2022 and Beyond
While most hypergrowth stocks' share prices have struggled over the last year, it is vital to continue buying and dollar-cost averaging in these trying times if possible. It may be hard to stomach adding to a high-flying stock already down 40% or more from its 52-week highs, but these are the depressed prices that allow us to buy tomorrow's great businesses at fair valuations.
With that said, let's look at three hypergrowth stocks that are trading down over 40% from their recent highs -- CrowdStrike (NASDAQ: CRWD), Datadog (NASDAQ: DDOG), and Bill.com (NYSE: BILL) -- and see why they are worth buying in 2022.
With analysts from Statista projecting the cybersecurity industry to grow by 10% annually over the next five years, market leader CrowdStrike and its endpoint protection platform look poised to deliver prolonged hypergrowth. Increasing revenue and free cash flow by 61% and 34% in the first quarter, CrowdStrike showed the rare combination of high-speed growth and robust cash generation.
Source Fool.com
