3 Stocks on My Watchlist Right Now that Could Experience Massive Growth

There are many stocks that I believe are likely to be great companies to invest into that I have not invested in yet for different reasons mostly because I have not finished my due diligence process on them. There is a lot of research I want to do on every company that I invest in as I am buying a part of the business when I invest, and I wanted to use this article to share some companies that I am really interested in. So, here are 3 stocks that are currently on my watchlist.

1. Funko

Many people may be surprised to learn that Funko is a publicly traded company. They're known for making those pop figures that I am sure many of you have yourselves. They currently have a p/e ratio of 16 which I think is awesome for a growth stock like this one, and they have a market cap of around 700 million dollars. I like this stock a lot, and I believe that it will perform very well. It's definitely a stock that I plan on buying very soon. My hope is that I can get it for 15 bucks a share soon, but I also believe that trying to time the market is a fool's game.

2. GoPro

I've been debating on buying this stock for awhile now. I just can't tell what I think about this stock. GoPro was once priced at 80 bucks a share and is now just trading at 8 bucks a share which is a significant fall. The stock is one that has performed pretty terribly for awhile now, and the company has had a lot of problems. However, there are some things that make me think the company is turning around. First, GoPro turned a profit last year for the first time since 2015. A nice profit as well at 371 million dollars. They've accomplished this by adding new revenue producing avenues like a subscription based business model. I'm still not convinced that I want to buy this stock, but it is one that I am keeping an eye on.

3. Upstart

Upstart is an amazing company that owns an AI based lending platform. I'm a big fan of this companies work, and they have shown very strong revenue growth. They also are a profitable company. Obviously, with a high growth company like this one, one has to pay a pretty hefty premium to own it. It currently is trading at almost 60 times their earnings which is why I haven't personally invested into the company yet. I do believe that this company is most likely a very good long-term play, and it would surprise me if I did not start a position in this company one day, but for now, it is still on my watchlist.

While I am not telling anyone that they should invest into one of these companies, I do encourage everyone to research further into them. If one decides that they would like to start investing, I encourage all of you to download an investing app through my investing app page because you get some pretty nice gifts just for downloading through Finance by CWT. Download here - www.financebycwt.com/investing-apps.html

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