2 Brilliant Growth Stocks to Buy Now and Hold for the Long Term

The Motley Fool··Read original
2▲2 ▼0Impact / 5
Summary · why it matters

Netflix and SoFi Technologies are identified as two growth stocks whose recent price declines present long-term buying opportunities. Netflix shares have fallen nearly 40% from last June's peak amid concerns over slowing revenue growth and competitive pressures, but the company's dominant streaming brand positions it to benefit as traditional cable and theatrical film businesses deteriorate. SoFi Technologies stock is down more than 40% since its November high after fintech partner Chime discontinued use of its platform, causing a 27% year-over-year drop in first-quarter platform revenue, yet total revenue still rose 41% to $1.1 billion and the company added 1.1 million customers to reach 14.7 million. Analysts expect comparable growth for the remainder of this year and next, and the global neobanking industry is projected to grow at an average annual rate of 36% through 2035, according to Precedence Research.

Impact on assets 4

Communication Services▲ · 2 stocks
Netflix Inc
NFLX
▲ PositiveDemandrelevance

Netflix's dominant streaming brand positions it to benefit as traditional cable and theatrical film businesses deteriorate.

Digital Finance & Tokenization▲ · 1 stocks
SoFi Technologies Inc.
SOFI
▲ PositiveDemandrelevance

Total revenue rose 41% to $1.1 billion, customer additions of 1.1 million, and global neobanking industry projected to grow 36% annually through 2035.

Artificial Intelligence▲ · 1 stocks