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3 High-Growth TSX Stocks Available at a Discount

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Growth stocks offer substantially higher growth prospects compared to the average market growth rate. So, these companies help investors in growing their investments at a faster pace. Amid the recent pullback in equity markets due to concerns over increased speculative trading activities and weakening global economic outlook, some high-growth stocks are trading at discounts, providing excellent buying opportunities. We will look at three such companies in this article.
Lightspeed POS
The pandemic-infused lockdown has increased the adoption of digital strategies, which has benefited companies, such as
Lightspeed POS(TSX:LSPD)(NYSE:LSPD). The company’s top line grew 62% in the September-ending quarter, driven by new customer additions and higher GTV (gross transaction value). Further, the company’s Payments division is witnessing robust growth, with its revenue growing at 300% year over year. ....

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3 High-Growth TSX Stocks That Can Double Your Money

Boosted by the vaccine euphoria, the
S&P/TSX Composite Index rose 13% since the beginning of November and currently trades just 1.8% lower from its all-time high. Last month,
Canadian Imperial Bank of Commerce had reported that Canadian households were sitting on cash of over $90 billion, which they had saved for emergencies.
Meanwhile, the widespread distribution of vaccines could prompt them to spend more, thus driving the economy and equity markets higher. Amid the optimism, here are the three high-growth TSX stocks that could double your investments in the next three years.
Docebo
Docebo (TSX:DCBO)(NASDAQ:DCBO) provides a highly configurable cloud-based e-learning platform. Amid the pandemic, the demand for the company’s services rose, as many people preferred to work and learn from their homes. In the recently announced third quarter, the company’s top line grew 52% to $16.1 million. It also reported a positive EBITDA for the first time since going ....

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