3 High-Growth Stocks That Could Soar
The stock market is all over the place lately and there are signs that the U.S. (and global) economy is weakening, but there are still plenty of businesses posting blistering growth. Digital transformation -- a term used for the wave of organizations upgrading their operations for the 21st century -- is sweeping the globe, and spending on new digital-first systems and services is expected to grow well into the double-digits on a yearly basis for the foreseeable future.
Nevertheless, even a fast-growing company isn't exempt from stock-market turmoil, and The Trade Desk (NASDAQ: TTD), Twilio (NYSE: TWLO), and Splunk (NASDAQ: SPLK) have all sold off from all-time highs in recent months. Here's why shares in these three stocks could soar higher once again and benefit investors who held on or bought in.
The Trade Desk is a cloud-based platform for digital advertising buyers. Rather than the walled garden offered by the likes of Alphabet's Google, Facebook, or even Amazon, The Trade Desk's platform allows advertisers to launch campaigns across a range of digital formats and devices and it integrates those campaigns with other data partners and publishers. As far as how it works, think of it as a stock exchange, except advertisers are bidding on and purchasing ad slots targeted at certain demographics, time slots, and digital outlets.
Source Fool.com
