As the stock market continues to reach new heights in 2024, investors are looking for opportunities to capitalize on the current bullish trend. Two stocks that have been on fire recently are Hims & Hers Health and Toast.
Hims & Hers Health, a telehealth company, has seen its stock rise by 58% since the beginning of the year. The company offers a wide range of products and services, including prescriptions, over-the-counter drugs, cosmetics, supplements, and more. With a subscription-based model, Hims & Hers Health has reported impressive revenue growth, reaching $872 million in 2023. The company is forecasting to surpass the $1 billion revenue mark in 2024, making it an attractive investment option for those looking to add growth stocks to their portfolio.
On the other hand, Toast, a provider of software and hardware solutions for restaurants, has also experienced a surge in its stock price, climbing by more than 30% since the start of the year. Despite not yet being profitable on a GAAP basis, Toast has shown strong revenue growth, reaching nearly $4 billion in 2023. The company’s focus on subscription services and fintech solutions has helped drive its growth, making it a promising investment opportunity for those interested in the restaurant industry.
Both Hims & Hers Health and Toast offer unique value propositions and have shown strong growth potential in their respective industries. With the stock market showing signs of continued bullish momentum, these two stocks are worth considering for investors looking to capitalize on the current market trends.
