Posted 2/5/2024, 2:20:00 PM
Growth Stocks Poised for Rebound: Toast, Chewy, and Novavax Offer Upside After Steep Declines
- Toast provides software and payments solutions to restaurants; has lots of room for growth in a $55B market where it only has 2% share currently
- Chewy is an ecommerce platform for pet products that reached profitability last year and continues growing; expanding into veterinary clinics and Canada
- Novavax's COVID vaccine arrived late and missed the revenue opportunity, but the stock could rebound as a turnaround play
- Bull markets favor growth stocks, and these 3 names have fallen 70-98% from peaks, offering room for gains
- Novavax is developing a flu/COVID combination vaccine that could drive recurring revenue starting in 2026