At the start of the pandemic, there were not many optimistic buy replica watches voices on Wall Street. Then a remarkable thing happened – the slump was nowhere near as bad as expected and the bounce-back was swift and unprecedented in scale.
Since hitting a bear market bottom on 23rd March 1:1 replica watches 2020, the market has recoiled in a staggering manner, rising by 87% as of last weekend.
In such a bull market, it can be hard to find omega Replica Watches worthwhile investing opportunities. Yet they are still there. This article details 5 growth stocks that Wall Street analysts expect to offer upsides ranging from 28% to 56%.
1 Shopify – Expected upside 31%
Despite an initial slump at the start of the pandemic, this software-as-a-service platform offered an ideal e/commerce platform for businesses looking to expand online sales after many had been forced to close their physical premises.
New businesses flocked to the platform and the surge resulted in a 96% increase in gross merchandise value transacted on Shopify throughout 2020.
2 Snowflake – Expected Upside 28%
Cloud computing is an industry that is rapidly beginning to fulfill a long-expected promise of great things. Snowflake is one of the companies that analysts are expecting to benefit from this surge in uptake. Despite competing with companies such as Microsoft, Google, and Amazon, the company’s transparent pricing structure is pushing them to the forefront of the industry.
Over the course of the last year, Snowflake grew their product revenue by 120% and Wall Street believes even bigger things are just around the corner.
3 Datadog – Expected Upside of 35%
This is another business that has benefited from the shift of business operating procedures and strategies in the wake of the pandemic. Datadog offers a service that helps companies oversee applications, understand metrics, and get a complete handle on the behavior of their customers.
Datadog has returned some impressive figures for 2020. It has increased customers with an Annual Recurring Revenue (ARR) of over $100,000 by 46%. But the real icing on the cake has been the 96% increase in customers with at least $1 million ARR.
4 Coinbase – Expected Upside of 56%
Coinbase has seen rapid growth in the wake of heightened interests in cryptocurrencies such as Bitcoin and Ethereum. However, this investment does carry more risk than some of the others on the list. Cryptocurrency is still volatile and the Coinbase platform is vulnerable to sudden market changes. Its two main revenue streams are through trades in Bitcoin and Ethereum, if either of these slumps, then so will Coinbase’s revenues.
For the moment though the picture is rosy, with Coinbase recording revenues of $1.8 billion in the first quarter.
5 Teladoc Health – Expected Upside of 40%
Telehealth is another sector that has soared as a result of the pandemic, and Teladoc has been at the forefront of this revolution. Fears that when the pandemic eases, then reliance on such services will falter are largely unfounded, Telehealth services are here to stay. They are convenient for both physicians and patients, with the added benefit of keeping health costs lower for the general public.
Teladoc’s sales have grown by an average of 74% per annum since 2013 and if anything that figure is going to increase.