There are many great growth stocks to buy in august but in my opinion there is one that is better then the rest. Revolve ticker symbol RVLV is the best growth stock to buy now in my opinion. Revolve operates as an online fashion retailer for consumers in the united states and internationally. 95% of the companies consumers are women and they do a amazing job of marketing their brand by using social media influencers. The stock went public in June 2019, and they have been profitable since 2016.
Now lets get into the reasons you should buy Revolve stock. Revolve stock has a 52 week high of 32.99 and a 52 week low of 7.17, currently the stock price for Revolve is 16.37. I think right now the stock is at a very attractive price because of the difference between the 52 week high and 52 week low. Another reason I think the stock is attractive is because a lot of retail clothing stores are going out of business because of the pandemic. I am a big believer that most retail stores are going to lose most of their business or go out of business over time, so in my opinion holding this stock is a great way to capitalize on those businesses going bankrupt or losing some of their consumers.
The company is supposed to grow a lot in the next 3-5 years, and if you are a patient investor who won’t sell for short term gains then this stock will be a great opportunity for you. I will be revealing my other favorite stocks for august very soon so make sure you follow my blog.