3 Hypergrowth Stocks to Buy in 2023 and Beyond
Hypergrowth is a very specific part of an emerging company's history. This the steepest bit of the S-curve, after setting up a promising business plan but before it matures and slows down. It's rarely a lonely journey. In most cases, you're looking at a new or rejuvenated industry where several competitors are pulling every available lever to build a large market share of a new long-term business opportunity.
It's an exciting growth phase, but also a risky one. For every sustained winner, you'll see several has-beens or also-rans that never make it to the finish line. So if you're investing in hypergrowth stocks, you can't just bet on the hottest name of the season. The first step does not involve finding the highest possible rate of sales growth, but the most robust plan for pushing through the hypergrowth era and thriving as the high-octane sales growth matures into a robust market for the long haul.
On that note, I have found a couple of legit hypergrowth stocks with solid bottom-line profits and convincing business strategies. I can't promise that all of them will earn their wings and become familiar household names in the next couple of years, but I like their prospects. Furthermore, it's a diverse group that provides the magic of diversification. One big winner can make up for several unsuccessful investments, and then some.
Source Fool.com
