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In other words, Okta should be able to grow both revenues and profits by leaps and bounds over the next several years. alone is robust - and even more robust if you take into account the international opportunity. As such, the growth runway for Okta in the U.S. alone, almost all of whom are migrating to the cloud and need a flexible, adaptive and identity-based security solution. There are nearly 6 million employer businesses in the U.S. The growth angle here is that Okta exited last quarter with just 6,550 customers. This pivot basically means that so long as the individual is secure, the whole system is secure, and this opens up a whole new level of flexibility which enterprises desperately need today, but didn’t think was possible. The big thing here is that Okta’s security solution is identity-based, meaning that it turns individuals in an ecosystem from a participant in that ecosystem, to part of the defense barrier for that ecosystem.
#THE NEXT BIG THING FROM LUTRON SOFTWARE#
Okta is a cloud company which has built a nimble, adaptive and high-quality identity-based security solution that enables any individual in any enterprise to securely access any software service through any device. Ultimately, that means TTD stock will one day have a market cap far in excess of today’s $11 billion market cap.Īnother hyper-growth tech stock that has an opportunity to be the next big thing is Okta (NASDAQ: OKTA). Thus, there is tremendous runway over the next several years for TTD to keep growing at a robust rate and turn into a very important player in the global advertising market, which is marching towards $1 trillion in annual revenue. But gross ad spend on The Trade Desk in 2018 measured less than 1% of global digital ad spend. The company operates a market-leading and best-in-class programmatic ad spend platform which helps advertisers more optimally allocate their digital ad dollars. The Trade Desk is at the forefront of this programmatic ad spend shift. This includes the automation of ad spend - dubbed programmatic advertising - where companies are increasingly leveraging data and AI to make ad spend smarter, quicker and more efficient than ever before. In the advertising market, as is true in most markets, things are being automated. Right behind Shopify on the list of growth stocks, we have programmatic advertising leader The Trade Desk (NASDAQ: TTD), a company which can leverage secular automation and AI tailwinds to become a very important player in the global advertising market. That profit growth will power SHOP stock materially higher in the long run. This expansion will drive huge revenue growth, which will come on top of big gross margins and a falling opex rate to drive even bigger profit growth. Inevitably, as the direct decentralized retail model gains mainstream traction, Shopify’s share of the growing e-retail market will expand. Yet, gross merchandise value through Shopify stores measured just ~1.5% of global e-retail sales last year. The company provides commerce solutions which enable and empower the hundreds of thousands of sellers who comprise this direct decentralized retail model. Thus, direct decentralized retail is the future of retail. It’s also becoming decentralized, because the internet has connected everyone at the same time, so anyone can sell anything to anyone. It’s going direct, because brands and retailers can now reach consumers directly and without middle-man friction thanks to the internet. In short, retail is doing two things right now.
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But a portfolio of the following growth stocks should perform very well in the long run.Īt the top of this list of growth stocks, we have hyper-growth e-commerce solutions provider Shopify (NYSE: SHOP). Will all of these stocks make it to $100 billion-plus valuation territory? Probably not. With this in mind, I’ve put together a list of 6 relatively small growth stocks that have a realistic opportunity to be the next big thing, or the next Facebook, Amazon, Netflix, Microsoft, so on and so forth. See Facebook (NASDAQ: FB), Amazon (NASDAQ: AMZN), Netflix (NASDAQ: NFLX) and Microsoft (NASDAQ: MSFT).
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That’s because the road from small-cap to large-cap is tough and 99% of stocks don’t make it.īut some stocks do make it, and those growth stocks are the ones that end up rewarding early investors with multi-bagger returns. Only a handful of them have market caps in excess of $100 billion. After all, there are thousands of stocks out there. In the process of going from small to huge, that stock rewards investors with multi-bagger returns. Specifically, they are always looking for that one stock that is relatively small today, but which has the potential to be huge one day. In the stock market, investors are always looking for the “next big thing”.