Unstoppable Growth Stocks to Buy in 2023
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Motley Fool: 3 Unstoppable Growth Stocks to Buy if There’s a Stock Market Sell-Off
In this article, the author discusses three growth stocks that investors can consider buying if there’s a stock market sell-off. The stocks mentioned are Monday.com, GitLab, and MongoDB. The author explains why these stocks are worth considering and provides an analysis of their potential for growth.
1. Monday.com (NASDAQ: MNDY)
– Monday.com is a low-code-no-code platform that helps enterprises build custom work-management tools and software applications.
– The company has a growing number of customers and a strong net-dollar retention rate, indicating customer satisfaction and loyalty.
– Monday.com is also generating positive non-GAAP operating income, demonstrating its potential for sustained profitability.
2. GitLab Inc. (NYSE: GTLB)
– GitLab is a DevOps platform that provides tools for software development, security, and operations.
– The company has a strong market position and a growing customer base.
– GitLab’s stock has been performing well, with a year-to-date increase of 60%.
3. MongoDB, Inc. (NASDAQ: MDB)
– MongoDB is a database platform that offers a flexible and scalable solution for modern applications.
– The company has a strong customer base and a growing revenue, with a 38% increase in the last quarter.
– MongoDB’s stock has also been performing well, with a year-to-date increase of 60%.
The author believes that these three growth stocks are worth considering for investors who are looking for opportunities in a volatile market.