3 Incredible Growth Stocks That Offer a Once-in-a-Decade Buying Opportunity

The S&P 500 index is up 23% over the last year and rallied into the new year. The market’s rebound looks like a bullish signal for the markets and economy, especially coming off a down year for the markets in 2022.

Indeed, there are certain companies that are posting strong growth and could be timely picks at the start of 2024. Let’s find out why three Motley Fool contributors believe Toast (NYSE: TOST), Opendoor Technologies (NASDAQ: OPEN), and Dutch Bros (NYSE: BROS) could offer investors a once-in-a-decade buying opportunity.

Toast stock could be a homerun in the making

John Ballard (Toast): The restaurant industry is in the early stages of a shift toward cloud-based technology solutions. Toast is riding that trend. The company offers several tools, including kitchen display systems, mobile ordering tools, and payroll and payment processing that make running a restaurant much more streamlined.

Toast added 25,000 new locations to its platform over the last year, but it’s got a long way to go. There are an estimated 860,000 restaurants in the U.S. alone, and Toast is proving it can also adapt its platform to niche markets, such as hotels. Earlier last year, Toast signed a deal to provide its technology for select Marriott hotels in the U.S. and Canada.

The company just crossed the $1 billion quarterly revenue milestone, up 37% year over year in the third quarter. It’s not earning a profit yet, but with more revenue coming from recurring sources like subscriptions and payments, Toast has a lucrative future.

It’s for these reasons that the stock looks cheap. The shares trade at an attractive price-to-sales ratio of 2.55, which is well below the average fast-growing software or cloud stock. This could be a great time to start an investment before Wall Street realizes the incredible value here.

A real estate revival?

Jeremy Bowman (Opendoor Technologies): 2023 was a rough year for the real estate sector, as housing market activity continued to slow as mortgage rates crept even higher.

Story continues

Among the losers in the real estate meltdown has been Opendoor…


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