11/13/2023
Here are 10 growth stocks that have both the momentum & the fundamentals to dominate the next decade -- let's delve into their competitive MOATs & few metrics that'll be crucial by 2024 ๐
1. $PLTR (Palantir)
โข Moat: Their platforms, Gotham and Foundry, are renowned for handling massive datasets and complex analyses, especially for government and security-centric clients. Their deep ties with defense and intelligence agencies, coupled with their unique data integration and analytics capabilities, create a competitive edge.
โข 2024 Comp Metrics: 52x FCF; 43x EBITDA; 20% rev growth.
โข Founder-Led: โ
2. $NVDA (NVIDIA)
โข Moat: NVIDIA is a leader in GPUs which are pivotal for gaming, professional visualization, and data center. Their AI and deep learning technologies, paired with their CUDA software, create a significant edge in the market. They're also expanding into automotive AI and edge computing.
โข 2024 Comp Metrics: 28x FCF; 3x EBITDA; 42% rev growth.
โข Founder-Led: โ
3. $TSLA (Tesla)
โข Moat: Their moat lies in its pioneering role in the EV industry, its innovative battery technology, and its extensive Supercharger network. The integration of energy solutions, Autopilot (and future Full Self Driving), and brand loyalty further solidify its position.
โข 2024 Comp Metrics: 69x FCF; 28x EBITDA; 25% rev growth.
โข Founder-Led: โ
4. $MDB (MongoDB)
โข Moat: Their unique value proposition lies in its document-based NoSQL database system. This structure is flexible, scalable, and can handle large amounts of data and traffic. The company's open-source roots allow for strong developer loyalty and community support. Additionally, their Database-as-a-Service offering, MongoDB Atlas, simplifies database management for enterprises.
โข 2024 Comp Metrics: 123x FCF; 86x EBITDA; 22% rev growth.
โข Founder-Led: โ
5. $CRWD (CrowdStrike)
โข Moat: Their AI-driven cloud platform, Falcon, sets them apart. Their vast threat intelligence database, built from trillions of data points, allows for predictive security measures. This preemptive approach not only reacts to threats but anticipates them, a significant differentiator in an industry where mere minutes can result in substantial data breaches.
โข 2024 Comp Metrics: 33x FCF; 42x EBITDA; 30% rev growth.
โข Founder-Led: โ
6. $SNOW (Snowflake)
โข Moat: Their cloud data platform is revolutionary in its architecture. It separates compute from storage, enabling efficient scaling and cost management. The platform supports a multi-cloud strategy, allowing businesses to seamlessly operate across different cloud environments.
โข 2024 Comp Metrics: 46x FCF; 109x EBITDA; 31% rev growth.
โข Founder-Led: โ
7. $GLBE (Global-E)
โข Moat: They specialize in cross-border e-commerce solutions. Their platform simplifies the international selling process for brands by managing localization, payment, taxes, and other complexities of global commerce, which fosters customer loyalty and increases conversion rates.
โข 2024 Comp Metrics: 44x FCF; 43x EBITDA; 37% rev growth.
โข Founder-Led: โ
8. $MELI (MercadoLibre)
โข Moat: As the leading e-commerce and fintech platform in Latin America, MercadoLibre benefits from a strong network effect. Its integrated ecosystem, which includes MercadoPago (payment solution) and MercadoEnvios (logistics), creates a seamless shopping experience, driving user loyalty.
โข 2024 Comp Metrics: 27x FCF; 21x EBITDA; 22% rev growth.
โข Founder-Led: โ
9. $DDOG (Datadog)
โข Moat: They offer a cloud-scale monitoring and analytics platform. Their all-in-one platform approach, which covers infrastructure monitoring, application performance management, and log management, offers a unified view of an entire tech stack, making it indispensable for many businesses.
โข 2024 Comp Metrics: 47x FCF; 51x EBITDA; 22% rev growth.
โข Founder-Led: โ
10. $NET (Cloudfare)
โข Moat: Their global network provides web performance and security solutions. Their integrated approach to CDN, DDoS protection, and edge computing sets them apart. The "zero-trust" security model and the Workers platform further enhance their offerings.
โข 2024 Comp Metrics: 147x FCF; 74x EBITDA; 30% rev growth.
โข Founder-Led: โ