The year 2020 started a new revolution of online trends because of the pandemic. Included in this is investing where the said year became an explosive year for growth stocks.
The trend continued in 2021 showing new highs that showed two to four times increase in numbers. We'll take a look at the best growth stocks for 2022 and where to put your money on.
Best Growth Stocks for 2022
1. Pinterest (PINS)
Pinterest continues to soar with or without the pandemic in check. It trails Meta in the top social media platforms and has been useful especially during the past two years where people would focus on improving their home amidst the lockdowns and travel restrictions.
With the rise of the omicron variant, experts see the further rising of this company and expect to break records.
2. Snap (SNAP)
Even with the rise of TikTok and other short-form modes in Facebook and Instagram, Snap continues to rise to its popularity and has continuous solid growth in its users.
Although it hit a roadblock in the past years due to Apple's privacy settings, experts believe it to be a short-term problem than a long one.
In fact, studies reveal that the global sales of Snap are projected to rise over $8 billion by 2023 from $4 billion.
3. Cloudflare (NET)
Cloudflare has been a favorite among investors. People saw the rise of the company in mid-November and a 40% a few weeks later. This gave a huge interest among investors and proved its selling to go through the roof.
Analysts predict Cloudflare to grow 50% this year and continue on to the next few months.
4. Roku (ROKU)
As an effect of the lockdowns and restrictions as well, Roku alongside other streaming devices grew in popularity all the more. And it looks like streaming video is here to stay and has taken over the new television completely.
Even though Apple, Google, and Amazon are the frontrunners of the streaming devices, Roku poses a serious threat to them posing 57% growth just this year. The productions are telling a lot since they are predicted to climb 36% by next year and 31.5% by 2023.
5. PagerDuty (PD)
PagerDuty rose at least 18% last quarter and is a promising company to grow in the next years. With the company continuing to grow alongside its excellent service and quality of products, experts believe that PD is one of the companies people should keep an eye on in the months to come.
6. Coca-Cola (KO)
Coca-Cola hasn't been showing massive improvement in numbers in 2021 alone. However, we know how this company grow from its beginning until now. It is growing continuously and there are no signs of it stopping.
In addition to that, there are no soft drink companies that can really rival this king of drinks. They continue to reign supreme and competitively by matching the prices of their competitors making their products affordable.
Furthermore, their global awareness has been outstanding and even holds some of the best drinks in the market like Dasani and Powerade, to name a few.
Lastly, a recent report revealed how Coca-Cola's revenue has been growing 16% to $10B yearly.
The upward trend of growth stocks is looking to last long and investing in the best growth stocks for 2022 looks like a great way to grow your portfolio.
Which of these would you invest in? Let us know by leaving a comment in the section provided below.
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