Benefit From the Power of AI With Our High-Quality Picks
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Top 5 Growth Stocks For April
Growth is oxygen. Without increasing revenue from higher demand and/or pricing power, it’s hard to achieve the other things that make businesses special such as economies of scale, operating leverage, and growing cash generation to reinvest in the business. These are the high-quality companies in our coverage that are displaying breakneck topline growth.
MercadoLibre (MELI)
Originally started as an online auction platform, MercadoLibre (NASDAQ:MELI) is a one-stop e-commerce marketplace and fintech platform in Latin America.
Why We Like It:
MercadoLibre is a world-class company. Its combination of high growth and extraordinary profitability makes it a beloved asset within investment circles. On top of that, its rising free cash flow margin gives it more chips to play with. No coincidence the stock is up 239% over the last five years.
Remitly (RELY)
With Amazon founder Jeff Bezos as an early investor, Remitly (NASDAQ:RELY) is an online platform that enables consumers to safely and quickly send money globally.
Why We Like It:
Remitly is expanding at an incredible pace, with experts expecting its breakthrough products to fuel long-term growth in revenue, users, and ARPU. Furthermore, its rising free cash flow margin gives it more chips to play with. This is a splendid business you don’t see often.
Super Micro (SMCI)
Founded in Silicon Valley in 1993 and known for its modular "building block" approach to server design, Super Micro Computer (NASDAQ:SMCI) designs and manufactures high-performance, energy-efficient server and storage systems for data centers, cloud computing, AI, and edge computing applications.
Why We Like It:
Only some companies are truly irreplaceable, and Super Micro is one of the lucky few. Its surging demand and tremendous scale show many would suffer without its products. No coincidence the stock is up 1,310% over the last five years.
Vital Farms (VITL)
With an emphasis on ethically produced products, Vital Farms (NASDAQ:VITL) specializes in pasture-raised eggs and butter.
Why We Like It:
People love Vital Farms’s products. The insatiable demand for its goods has resulted in explosive sales volume growth. On top of that, its high ROIC underscores its knack for targeting and investing in highly profitable growth initiatives. This is a prime example of a "high-quality" business.
DoorDash (DASH)
Founded by Stanford students with the intent to build “the local, on-demand FedEx", DoorDash (NYSE:DASH) operates an on-demand food delivery platform.
Why We Like It:
DoorDash is on a rapid growth trajectory, and experts forecast its innovative products will lead to sustainable gains in revenue, users, and ARPU. Additionally, its eye-popping 124% annualized EPS growth over the last three years has significantly outpaced its peers. We believe this is one of the best internet stocks in the world.