In looking around for supercharged growth stocks, finding ones trading under $100 a share can be challenging. The rapid revenue growth these companies are seeing has often coincided with rapid stock price growth.
In the case of the three growth stocks we will discuss today, their prices have risen near or above $100 at some point in the past year. However, they are down from those highs in 2021, primarily because of investor concern about how their business will adapt as economies are reopening. In addition, the stocks benefited during pandemic lockdowns, and the investor fear is that there will be a reversal of that trend.
These recent drops can be an opportunity for long-term investors to pounce on three stocks that have otherwise solid prospects for continued strong growth.