PayPal, Fiverr, BioMarin Among Tech Stocks Offering Strong Growth Despite Economic Concerns
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PayPal Holdings remains a strong fintech play despite concerns about competition, with total payment volume up 12% and increasing transactions per active user.
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Fiverr International is benefiting from remote work trends and maintains competitive advantages like high take rates over 30%.
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BioMarin Pharmaceutical focuses on lucrative ultrarare disease drugs like Voxzogo, which saw 178% sales growth in 2022.
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Alphabet's Google maintains dominance in internet search with 92% market share globally, and segments like Google Cloud and YouTube Shorts offer growth.
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Alphabet stock trades at historically inexpensive valuations compared to earnings and cash flow multiples.