Astera Labs, Cava Group, and Airbnb Named as Potential High Growth Stocks to Outperform Broader Market in 2024
• Astera Labs, a semiconductor company in the AI space, recently held its IPO and could be a stock that crushes the market this year.
• Cava Group, a Mediterranean restaurant chain, had a very successful IPO in 2023 and its stock has risen 74% since, driven by profitability and aggressive expansion plans.
• Airbnb has rebounded strongly from the pandemic, with its stock up 40% in the last 12 months. Its Q4 2023 earnings beat expectations by a wide margin.
• The article predicts these 3 stocks - Astera Labs, Cava Group, and Airbnb - could significantly outperform the broader market in 2024.
• Factors driving potential outperformance include being in hot sectors like AI and restaurants, achieving profitability, and benefiting from the reopening of travel.