Revenue Growth Is Reaccelerating for These 3 Downtrodden Growth Stocks
Once a company's revenue growth starts to fade, it's tempting to think it will steadily decline until the business is irrelevant. However, Pinterest (NYSE: PINS), Roku (NASDAQ: ROKU), and (NYSE: SHOP) are showing renewed signs of life. All three have already reported financial results for this earnings season, and each actually saw a reaccelerated revenue growth rate. That's no easy feat.
So what does this all bode for these companies' upcoming quarters? And would they make good investments from this point forward? Here's what I think.
Image-browsing platform Pinterest was once a highflying growth stock, but it's now down more than 60% from its all-time high. It reached its high in 2021 when its top line grew at a triple-digit pace. But by the fourth quarter of 2022, the company's revenue grew at just a 4% year-over-year rate, causing the market to give up on it.
Source Fool.com
Shopify Inc Stock
Our community is currently high on Shopify Inc with 5 Buy predictions and 0 Sell predictions.
With a target price of 75 € there is a positive potential of 35.89% for Shopify Inc compared to the current price of 55.19 €.
