Anticipating a Bull Market: Two Outstanding Growth Stocks Poised for Major Gains

As optimism builds on Wall Street following 2023's market recovery from last year's significant slide, the S&P 500 has made an impressive comeback, inching close to its historical peak. This surge signals the beginning of what many believe will be the next bull market phase. However, not every stock has felt the effects of the rebound equally, creating a window of opportunity for astute investors to snag growth stocks that are yet to hit their stride before the expected rally takes full swing.

1. Fiverr International – Target: 82% Growth

The platform that connects freelancers to businesses, Fiverr International, saw an incredible rise during the pandemic, with its stock value soaring by over 900%. Nevertheless, the company faced setbacks as inflation and reduced corporate spending resulted in decreased demand for its services. Despite these challenges, Fiverr is bouncing back as inflation abates and business expenditure is on the up. The company has redirected its focus towards profitability, marking a significant advancement with back-to-back profitable quarters and an uptick in revenue.

Fiverr's innovation continues as it develops its Neo talent-matching feature, utilizing advanced AI to efficiently pair freelancers with the right projects. Despite the stock's previous high valuation which deterred some investors, current prices are much more appealing. With the backing of several Wall Street analysts forecasting an 82% potential stock increase, Fiverr's current valuation and growth indicators suggest it is a wise purchase for potential investors.

2. Portillo's – Target: 77% Growth

Another company, Portillo's, known for its Chicago-style dishes, grappled with the industry-wide struggle brought on by steep inflation, resulting in squeezed margins despite increased sales. As inflation cools, Portillo's is finding its footing again, posting robust quarterly earnings and more than doubling its earnings per share over the last year.

By opting for moderate pricing strategies during tough times, Portillo's maintained customer loyalty and saw sales growth. Analysts take a favorable view of the company's prospects, with some predicting a 77% stock price surge. Portillo's has also moved away from its previous premium valuation to become attractively priced in terms of its sales ratio. With the economy looking up and inflation retracting, Portillo's is shaping up to be a strong buy.

bullmarket, growthstocks, WallStreet