The most aggressive growth stocks come with some risks with taking.
Investors who are willing to take on more risk in pursuit of greater rewards naturally gravitate toward the most aggressive growth stocks.
Traditionally, the most aggressive growth stocks are the first to fall during a broader economic downturn. That means you might need to be a bit patient for your investment to pay off.
If you do not mind a bit of risk, these are some of the most aggressive growth stocks you can buy right now.
Tesla’s (NASDAQ:TSLA) stock is down by more than 54% this year despite revenue growing at a healthy clip.
The main reason shares are not doing well is Elon Musk’s acquisition of Twitter.
Musk is pouring all his efforts into his Twitter project if his recent actions are any indicator. Moreover, Elon Musk has sold about $4 billion worth of Tesla shares this year to help purchase Twitter.
The lower costs of electric cars in China have presented a huge challenge for Tesla. The automaker’s largest plant is in Shanghai. The rise of Covid-19 cases in China also does not bode well for Tesla. Potentially, the closure of factories will severely hurt the company and will most likely affect future projects.
Despite the economic pressure and volatility in the market, Tesla is still doing well. In the third quarter, revenue soared 56% year over year, and free cash flow jumped 148% to $3.3 billion. Not only this, but Tesla also reported healthy operating profits.
If you have a broader economic outlook, TSLA looks like a firm buy among the most aggressive growth stocks right now. It is undervalued versus historical multiples and still the biggest electric car company in the world by a mile.
Salesforce (NYSE:CRM) has been down nearly 40%, despite the company doing very well in the last several months.
Salesforce has become the world’s leading customer relationship management software service provider. And its impressive track record of growth indicates that it won’t relinquish its position anytime soon.
Most recently, it reported a 22% increase in revenue, despite the slowdown affecting many of its tech industry peers. It also reaffirmed guidance of up to $31 billion in revenue for fiscal 2023 and $50 billion for fiscal 2026.
The company’s focus on building robust business solutions designed to meet customers’ current needs while remaining adaptive to the ever-changing technology landscape ensures they will remain on top for years to come.
While most aggressive growth stocks did not do well this year, Rambus (NASDAQ:RMBS)
is a rare exception. The midsized chipmaker is in the black this year, with shares up 27%.
There are several reasons why investors are happy with this one. First, it recently delivered exemplary earnings, delivering healthy beats on the top and bottom lines. Although $112.24 million might not seem huge, it represents a record.
As the technology sector finds itself amid a lull, some companies are finding ways to adapt and thrive. One such standout is Rambus.
The technology company’s recent acquisition of data center hardware specialist Hardent is smart, considering the long-term growth prospects in this space.
By bringing Hardent’s deep knowledge and expertise in custom solutions and complex system architectures into their fold, Rambus is already positioning itself for success well beyond this current downturn.
The company’s trifecta of continued product development, customer collaboration, and acquisitions has made it poised to capitalize on the ever-changing dynamic landscape of the tech industry.
With its strong core competencies and proactive stance on adapting to new landscape trends, Rambus is one shining beacon that stands out amongst its peers as we near a brighter 2023.
For those on the lookout for aggressive growth, Rambus stands apart the most in the semiconductor space.
On the publication date, Faizan Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.