1 Brilliant Growth Stock to Buy Now and Hold for the Long Term

Growth stocks have a lot of upside potential -- that's why they're called growth stocks. But reality is often trickier than theory. Even if a company is growing quickly, you might pay too much for this growth, meaning your returns will be sub-optimal. The best time to buy a growth stock is when most investors aren't fully appreciating the growth ahead. This way, you can buy into high growth rates at a discounted valuation.And right now, one of my favorite businesses is ready for massive sales growth despite a paltry valuation. If you're looking for cheap growth stocks that can add a lot of juice to your portfolio, check out the electric car stock below.When it comes to growth, most investors are ignoring Rivian Automotive (NASDAQ: RIVN) at the moment. And they're not completely wrong for doing so. Last quarter, Rivian actually saw its sales base decrease. A slowdown in sales growth has suppressed Rivian's valuation, and shares now trade at just 3 times sales -- a deep discount to their former levels. But there's more to this story than revenue growth alone lets on. And if you dig into the numbers, you'll find that Rivian is about to turn into a growth machine.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool