1 Unstoppable Growth Stock to Buy and Hold for Years

Group 1 - e.l.f. Beauty has demonstrated impressive growth, achieving 23 consecutive quarters of sales growth and gaining market share, making it a strong contender in the cosmetics industry [3][5] - The company's growth rate, while slowing, remains above its five-year average, with a current growth rate of over 40%, which is still favorable compared to many competitors [4][8] - e.l.f. is particularly popular among teenagers, being rated as the top cosmetics brand by 35% of teens in the U.S., indicating strong brand loyalty and potential for future growth as these consumers age [6][7] Group 2 - Despite a recent sell-off of over 30% in share price due to concerns over slowing growth, e.l.f. still holds significant long-term growth potential, especially as it appeals to younger demographics [5][8] - The stock is currently trading at a high valuation of nearly 70 times its trailing profits, suggesting that it may take time for earnings to align with this valuation [9] - Long-term investment in e.l.f. may be beneficial, as the company possesses essential elements for success, including stable profits, a strong brand, and a favorable market opportunity [10]