My Best Growth Stock for 2021
One of the hottest places to invest in right now is healthcare. While there is hope that the COVID-19 pandemic could come to an end in 2021 with the Food and Drug Administration (FDA) approving multiple vaccines and more potentially on the way, the need for testing isn't going to go away. No one wants to see COVID-19 cases start spiking again, and for the economy to reopen back to how it was before the pandemic, there will continue to be a big need for testing.
That's why diagnostics and testing company Quidel (NASDAQ: QDEL) looks to be the best growth stock to buy this year. With a market cap of less than $9 billion, this is still a fairly small company when you're talking healthcare. Even vaccine maker Moderna is already near a $50 billion valuation, and it may be running out of room to rise in value. Quidel's relatively small size combined with its growth potential makes it a hot buy right now because it could easily double in value.
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Source Fool.com
