High-growth stocks have dominated Wall Street for more than a decade — and with good reason. Historically low lending rates and an accommodative monetary policy have paved the way for…
fast-paced companies to borrow at attractive rates.
But for some companies, sales growth is about to kick into high gear. When you’re building a business from the ground up, going from practically nothing in sales to hundreds of millions or billions of dollars in revenue in just a couple of years can be a jaw-dropping experience.
The following four companies are expected to do just that. According to Wall Street’s consensus estimates, these four stocks are forecast to increase sales by 25,750% to as much as 2,970,000% (that’s nearly 3 million percent) over the next five years.
Vaxart: 25,752% implied sales growth by 2025
A clinical-stage biotech stock angling for its first approved therapy is a perfect example of a business that could grow from a relatively small amount of non-recurring revenue to a considerably larger sum of recurring sales. Drug-developer Vaxart (NASDAQ:VXRT) is expected to increase its annual sales from the $4.05 million reported in 2020 to a consensus estimate of $1.047 billion by mid-decade. That’s an increase of about 25,750%, if Wall Street’s numbers prove accurate.
Vaxart’s future is pinned to the success of its VAAST platform. “VAAST” stands for Vector-Adjuvant-Antigen Standardized Technology and encompasses the company’s attempts to develop proprietary oral vaccines. Whereas standard vaccines administered in a shot can activate systemic immunity, oral-vaccine tablets would be designed to activate systemic and mucosal immunity in the intestines, lungs, nose, and mouth. In other words, this dual-action approach could carry better immunity against potentially deadly viruses.
The oral vaccine that’s arguably received the most attention for Vaxart is VXA-CoV2-1, an early-stage tablet designed to combat the coronavirus disease 2019 (COVID-19). In May, Vaxart announced that its phase 1 study of VXA-CoV2-1 led to clear immune response in participants, although high levels of neutralizing antibodies weren’t present. Traditional shot-in-the-arm vaccines have led to high levels of neutralizing antibodies in clinical trials.
But Vaxart’s work isn’t close to being finished. In early August, it received the go-ahead from the U.S. Food and Drug Administration (FDA) to commence an oral-tablet study for a very specific protein to combat COVID-19. It could be some time before investors know if oral vaccines are a viable solution, but the convenience factor certainly makes this trial worth watching.
CRISPR Technologies: 191,416% implied sales growth by 2025
Did I mention that clinical-stage biotech stocks are a great source of jaw-dropping growth over the next decade? CRISPR Therapeutics (NASDAQ:CRSP), a company leaning on gene-editing technology to precisely alter genomic DNA and tackle hard-to-treat diseases, is expected to see sales climb from $719,000 in 2020 to a consensus of $1.377 billion by 2025. That’s an improvement of more than 191,000% in five years.
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