3 Growth Stocks Wall Street Might Be Sleeping On, but I’m Not
From Nasdaq: 2024-06-06 05:20:00
Roblox’s stock price dropped 27% following underwhelming guidance, but the company is still performing well with revenue up 22% YoY. Roblox is expanding its reach beyond gaming and into advertising, creating lucrative opportunities for the future in the booming metaverse market.
Ulta Beauty has a strong online and offline presence, defying industry trends with a wide range of brands and products. Despite tempered growth expectations due to market saturation, Ulta Beauty is trading at bargain prices, down 30% from its high and offering solid value for investors.
Alibaba has struggled with regulatory crackdowns and internal management issues, resulting in a stock price decline of 75% from its peak. However, China’s improving economy and healthy consumer spending are favorable for Alibaba’s e-commerce platforms. The company is undergoing restructuring to refocus and capitalize on future growth opportunities.
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