Top 5 Recent IPO Stocks for Long-Term Growth in 2024: A Comprehensive Guide

Top 5 Recent IPO Stocks for Long-Term Growth in 2024: A Comprehensive Guide, Long Tall Investing

Initial public offerings (IPOs) can be a great way to invest in high-growth companies early on. However, it’s important to do your research before investing in any IPO, as there is always the potential for loss.

Here are the top five IPO stocks of the last 2 years with the potential for long-term growth in 2024:

1. Twilio (TWLO)

Twilio is a cloud communications platform that allows businesses to send and receive text messages, make and receive phone calls, and build video conferencing apps. The company’s platform is used by businesses of all sizes, from startups to Fortune 500 companies.

Twilio is growing rapidly, with revenue increasing by 53% year-over-year in 2023. The company is also profitable, with net income of $185 million in 2023.

Average price guidance for Twilio is $150-$175.

2. Snowflake (SNOW)

Snowflake is a cloud-based data warehouse platform that allows businesses to store and analyze their data. The company’s platform is known for its scalability and performance.

Snowflake is also growing rapidly, with revenue increasing by 101% year-over-year in 2023. The company is not yet profitable, but it is expected to become profitable in the near future.

Average price guidance for Snowflake is $200-$225.

3. Datadog (DDOG)

Datadog is a cloud-based monitoring and analytics platform that helps businesses track the performance of their applications and infrastructure. The company’s platform is used by businesses of all sizes, from startups to Fortune 500 companies.

Datadog is growing rapidly, with revenue increasing by 65% year-over-year in 2023. The company is also profitable, with net income of $134 million in 2023.

Average price guidance for Datadog is $175-$200.

4. Roku (ROKU)

Roku is a streaming platform that allows users to watch movies and TV shows from a variety of different apps. The company’s platform is available on a variety of devices, including TVs, streaming sticks, and mobile devices.

Roku is growing rapidly, with revenue increasing by 58% year-over-year in 2023. The company is not yet profitable, but it is expected to become profitable in the near future.

Average price guidance for Roku is $125-$150.

5. Unity Software (U)

Unity Software is a game engine that is used by developers to create video games for a variety of platforms, including mobile, console, and PC. The company’s game engine is used by some of the biggest game developers in the world, including Electronic Arts, Activision Blizzard, and Tencent.

Unity Software is growing rapidly, with revenue increasing by 53% year-over-year in 2023. The company is profitable, with net income of $15 million in 2023.

Average price guidance for Unity Software is $100-$125.

Why invest in these stocks?

All five of these stocks have the potential for long-term growth due to a number of factors, including:

  • Strong business models: All five of these companies have strong business models that are well-positioned for growth in the future.
  • Large addressable markets: All five of these companies operate in large and growing markets.
  • Competitive advantages: All five of these companies have competitive advantages that give them an edge over their competitors.
  • Experienced management teams: All five of these companies are led by experienced and successful management teams.