3 Stocks That Can Double Again in 2024
Sweetgreen(SG) The Motley Fool·2024-07-02 15:50
Unlike Cava, Sweetgreen was a dud after its initial IPO pop. It went public at $28 in 2021, briefly trading north of $50 before whittling its way down to the high single digits by late last year. The starting line matters here. Sweetgreen is growing roughly in line with Cava these days. Revenue rose 26% in its latest quarter on a 5% uptick in comps. However, it's still not profitable. It wasn't easy to double in 2024, but these three stocks made it happen. They might be able to do it again. Cava (CAVA -0.67 ...