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4 High Growth Robinhood Stocks to Buy Now

4 High Growth Robinhood Stocks to Buy Now

Posted On November 5, 2020 2:55 pm
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Check out the Robinhood 100 list, and you are sure to find plenty of overpriced investments tailor-made for newbie investors who will essentially hand over their money to more experienced investors. However, the fact that Robinhood attracts green investors does not mean you should completely ignore the Robinhood 100.

There are a handful of high-growth Robinhood stocks worthy of your attention. Growth is the name of the game as investors far and wide are willing to pay a high premium for investments that rapidly increase in value over time.

Below, we focus on four particularly intriguing high growth Robinhood stocks: Starbucks (SBUX), Square (SQ), Peloton Interactive (PTON), and Beyond Meat (BYND).

Starbucks (SBUX)

Make no secret about it; coffee, especially the incredibly tasty varieties made by SBUX, is quite the addictive, albeit legal, drug. SBUX coffee brewed in the corporations’ coffee houses and sold in supermarkets across the globe tastes significantly better than most other blends. A bonus for SBUX investors is the fact that the company is in the process of converting a large number of its coffee shops into grab-and-go and drive-thru-oriented places of business. It is now possible to order SBUX ahead of time, pre-pay from a phone or other web-connected device, walk into the location, grab your coffee in mere seconds, and walk right out of the door. In short, SBUX is making coffee as efficient as possible.

SBUX is branching out beyond regular coffee to Teavana Tea, bakery products, Seattle’s Best brand, and fresh juice made by its Evolution line. Perhaps most important is the makeup of SBUX’s customer base. Most SBUX customers are 40 and younger, meaning this corporate behemoth has the all-important young demographic in the fold for years to come.

Check out the SBUX POWR Ratings, and you will find “A” grades in the Industry Rank, Trade Grade, Peer Grade, and Buy & Hold Grade components. SBUX is ranked first out of 49 publicly traded companies in the Restaurants industry. Analysts have set a $94 price target on SBUX, meaning it should climb nearly 7% in the months ahead. SBUX has recovered most of its lost coronavirus sales as a result of its strategic pivot toward on-the-go sales. 

Square (SQ)

Even if you have not heard of SQ, there is a good chance you do business with a company that relies on SQ for payment processing. SQ facilitates the transmission of digital payments with high-tech software and hardware. SQ’s services also…

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