Here's My Top Growth Stock to Buy Right Now
Investing in younger companies on the rise can be a risky proposition. Many growth stocks are in the early stages of developing their businesses, and there is no guarantee they will survive the challenges they may encounter. Growth companies usually grapple with larger businesses that have deeper resources, more experience, and longer relationships with customers.
These obstacles are sizable, so what might make an investor willing to brave the task? Rewards. Growth stocks offer greater potential than established players. Businesses like PepsiCo, Home Depot, and Target are fortunate to grow revenue by 10% a year. Yet frequently enough, you can find growth stocks that can increase revenue by over 100%.
Many of the aforementioned qualities are present in my top growth stock right now. Pinterest (NYSE: PINS) is an image-based social media app, now battling established players with deep pockets.
Source Fool.com
