3 Soaring Stocks I'd Buy Now with No Hesitation

Core Insights - Investors may hesitate to buy growth stocks with significant share price increases, but strong earnings and positive business prospects often justify these gains [1][2] - Assessing the underlying business is crucial to determine its potential for sustained growth, focusing on competitive position, growth catalysts, and total addressable market [2] Company Summaries Meta Platforms - Meta Platforms' share price increased by 48% over the past year, reaching an all-time high of $740, supported by strong revenue and net income growth [4] - Revenue is projected to grow from $116.609 billion in 2022 to $164.501 billion in 2024, with net income nearly tripling from $23.200 billion to $62.360 billion during the same period [5] - The company generated $19.3 billion in free cash flow in 2022, increasing to $54.1 billion by 2024, and raised its quarterly dividend by 5% to $0.525 [5] - Daily active users rose to 3.35 billion, with average revenue per user increasing by 15.6% to $14.25 [6] - Meta plans to invest $65 billion in AI infrastructure, aiming to enhance product offerings and customer engagement [7] Sea Limited - Sea Limited's share price nearly tripled in the past year, with strong growth across its e-commerce, digital entertainment, and financial services divisions [8] - Revenue grew from $9.955 billion in 2021 to $13.064 billion in 2023, while net income improved from a loss of $2.047 billion to a profit of $150.726 million [10] - The company generated $2 billion in free cash flow in the first nine months of 2024, surpassing the total for 2023 [11] - Shopee maintained a 48% market share in Southeast Asia, with gross orders rising by 27.3% year over year [12] Cloudflare - Cloudflare's share price surged by 53% in the past year, driven by significant revenue and operating cash flow growth [13] - Revenue increased from $656.426 million in 2021 to $1.297 billion in 2023, with operating cash flow nearly quadrupling during the same period [14] - In 2024, revenue rose by 28.8% to $1.7 billion, with gross margin improving to 77.3% [15] - The company aims to expand its customer base and increase spending among existing customers, with a total addressable market projected to grow from $176 billion in 2024 to $222 billion by 2027 [17]