3 Growth Stocks That Have “Dipped”

Let’s analyze three growing stocks that decreased by over 40%. Below is every stock and why you should include them in your list as possible buys.

Why you should watch Fastly (NYSE:FSLY)

1 – Fastly is lower by around 48% from the company’s record high, with a total value of $7.58B.

2 – The company has strong numbers and a good balance sheet with low debt and high cash, the past quarter showed a big revenue increase of 40%.

3 – The company’s P/S Ratio is 15.58, which is the lowest it has been since July of 2020.

Why you should watch Palantir Technologies (NYSE:PLTR)

1 – Palantir is lower by around 42% from its record, with a value of $41.15B.

2 – Palantir keeps acquiring new long-term customers. The latest, revealed on 3/11/21, was Faurecia, a top automotive company.

3 – Their earnings show strong revenue momentum for the firm. Their commercial sector, which makes up 44% of revenue, increased by 107% for the whole of last year, and their government division which makes for 56% of revenue, increased by 77% during that same time.

Why you should watch Snowflake (NYSE:SNOW)

1 – Snowflake is lower by around 40% from its record, with a total value of $66.53B.

2 – Their recent quarter gave revenue numbered at $190.5 million, which represented a 117% Y/Y increase.

3 – The company has performance obligations numbered at $1.3 billion, and this increased by 213% year over year.

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Author: Steven Sinclaire