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2 'Strong Buy' Growth Stocks to Snap Up Now


Published on 2025-03-15 19:01:06 - Barchart
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  • The markets have been rattled this year by fears that President Donald Trump's tariff-induced trade war could lead to a potential recession. Amid this uncertainty, growth stocks are less favored, as they typically take longer to reach their full potential and are often seen as risky investments.

The article from MSN Money discusses two growth stocks that are recommended for investment due to their strong buy ratings. Shopify (TSX:SHOP) is highlighted for its significant growth in the e-commerce sector, with a 25% year-over-year revenue increase in Q3 2023, driven by a 36% rise in gross merchandise volume. Despite a dip in stock price, analysts see a potential 20% increase in stock value, supported by its robust financial performance and strategic moves like the sale of its logistics business. Nuvei (TSX:NVEI) is noted for its payment technology solutions, showing a 55% revenue growth in Q3 2023, although it faced a net loss due to increased expenses. However, with a price target suggesting a 60% upside, Nuvei's focus on expanding its market presence and enhancing its product offerings makes it an attractive option for investors looking for growth potential. Both companies are seen as undervalued with significant growth prospects, making them compelling choices for investors seeking to capitalize on future market trends.

Read the Full Barchart Article at:
[ https://www.msn.com/en-ca/money/savingandinvesting/2-strong-buy-growth-stocks-to-snap-up-now/ar-AA1AZ6Vg ]