Since the Great Recession ended in 2009, growth stocks have been virtually unstoppable. The combination of historically low lending rates and an accommodative central bank has rolled out the red carpet for fast-paced businesses to borrow at attractive rates. But for some companies, their hypergrowth period is just getting started. Based on Wall Street’s consensus sales estimates, the following supercharged growth stocks are expected to see their sales rise 21,551% to as much as 948,737% by 2023. Image source: Getty Images. Marathon Digital Holdings: 21,551% implied sales growth by 2023 Easily one of the fastest-growing stocks on the planet over the next three years is cryptocurrency mining company Marathon Digital Holdings ( NASDAQ:MARA ) . Marathon reported $4.36 million in sales last year, but is projected by Wall Street to generate $944 million in full-year sales in 2023. That’s your run-of-the-mill 21,551% increase in sales in just three years, if Wall Street’s estimates prove accurate. Cryptocurrency miners are people or businesses using high-powered computers to solve complex mathematical equations that validate groups of transactions (known as a block) on a blockchain as true. Being the first to validate a block on a proof-of-work blockchain network results in the miner receiving… Read full this story
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