Expensive stocks often command premium valuations because the market thinks their business models are exceptional. However, the downside is that high expectations are already baked into their prices, leaving little room for error if they stumble even slightly.
Separating true intrinsic value from speculation isn't easy, especially during bull markets. That's where StockStory comes in - to help you find high-quality companies that will stand the test of time. Keeping that in mind, here are three high-flying stocks expanding their competitive advantages.
Forward P/S Ratio: 13.9x
Founded in 2013 by three French engineers who spent decades working for Oracle, Snowflake (NYSE:SNOW) provides a data warehouse-as-a-service in the cloud that allows companies to store large amounts of data and analyze it in real time.
Why Are We Fans of SNOW?
At $199.63 per share, Snowflake trades at 13.9x forward price-to-sales. Is now the time to initiate a position? Find out in our full research report, it's free.
Forward EV/EBITDA Ratio: 28.7x
With a mission to democratize finance, Robinhood (NASDAQ:HOOD) is an online consumer finance platform known for its commission-free stock and crypto trading.
Why Are We Backing HOOD?
Robinhood is trading at $62.76 per share, or 28.7x forward EV/EBITDA. Is now the right time to buy? See for yourself in our comprehensive research report, it's free.
Forward P/E Ratio: 136.9x
Starting from a single Washington, D.C. location, CAVA (NYSE:CAVA) operates a fast-casual restaurant chain offering customizable Mediterranean-inspired dishes.