3 Top Growth Stocks to Buy Right Now
If you're looking for growth despite the market's recent weakness, you're in luck. There are plenty of great long-term prospects out there, with many of them now available at deeply discounted prices. Here's a rundown of three of the top growth stocks to buy right now, even if none have hit their final bottom just yet.
If you've been following Lyft (NASDAQ: LYFT) at all, you likely know shares plunged more than 30% on Wednesday in response to lackluster guidance. On its face, earnings brought good news: First quarter revenue of $875.6 million represented a 44% year-over-year improvement from the year-ago period, and EBITDA swung from a year-earlier loss of $73 million to a gain of $54.8 million. Both those numbers topped earlier expectations for the first quarter. But, Lyft adjusted current guidance to make lighter forecasts moving forward. Whereas Wall Street analysts had predicted second quarter revenue to hit $1.02 billion, Lyft forecasted numbers closer to $950 million.
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Source Fool.com