20+ New Stocks to Invest in 2023 – Compare Top New Stock To Buy

In this stock investing guide, we take an in-depth look at the best new stocks to invest in 2023. We tell you what they are and the brands they represent, why they are worth buying, and their expected future performance. Even more importantly, we tell you how and where to buy them at the most competitive fees.

By the end of this guide, you will also have learned how to identify the best new stock to buy for you and acquired a few helpful tips for share investing.

 

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Below, we explore all these companies telling you why they are the best new stocks to invest in 2023. And in sections further below, we will explain the criteria used to rank them, tell you where to buy stocks, and provide you with a step-by-step share investing guide.  

An Overview of the Best New Stocks to Invest in Today

After vetting hundreds of promising stocks, our analysts settled on these 20 as the best new stocks worth investing in today. Below, we will provide you with four key details about each.

We will start by telling you what the company behind the stocks is and does, help you look at its past performance (if any), assess its most likely future direction, and tell you why we believe it should make it to your buy/watch list.

Coinbase – Overall Best New Stock to Invest in 2023

The best new stock to buy today overall is Coinbase. Founded in 2012 and headquartered in San Francisco, Coinbase is a crypto exchange facilitating the sale, purchase, transfer, and storage of virtual currencies.

Coinbase has 100+ million verified users, with an average of 8.3 million monthly transacting users in 2022. It went public in April 2021 and posted attractive gains throughout that year. The COIN stock, however, started plummeting in 2022 alongside the majority of tech stocks – fueled by an extended bear market.

Heading into 2023, Coinbase was trading close to 90% below its IPO price. It posted such a poor stock performance despite having grown its user numbers, having massive cash reserves, and being a profitable brand. All these tell us that COIN is only trading at such depressed prices because of the bear market and the underperforming tech industry.

As soon as recovery for the tech industry and the market at large kicks off, you can expect a significant upward price correction for the crypto company. Coinbase is also expected to continue growing its user numbers, transaction volumes, and revenues.

We must also add that Wall Street analysts have arrived at a ‘BUY’ consensus for the COIN stock in 2023. This and equally positive developments in the crypto space, like Ethereum’s migration to the Proof of Stake protocol and unlocking of staked ETH, convince us – further – why Coinbase is the best new stock to invest in right now.

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Rivian Automotive – Popular New Electric Vehicle Stock to Watch

Next new stock to invest in is Rivian Automotive. Rivian Automotive, formerly known as Mainstream Motors/Avera Automotive, is one of Tesla’s biggest competitors when it comes to the design and manufacturing of electric vehicles. It started in 2009 and only went public in November 2021. Like Tesla and all other tech companies, Rivian stock price is on a downtrend – and it tiptoed into 2023, trading more than 80% below its IPO price. But analysts still gave it a ‘BUY’ rating – confirming that RIVN is one of the best new stocks to buy today. 

Its poor performance could be attributed to such factors as a disrupted global supply chain, underperforming tech stocks, and the extended bear market. Internally, missed forecast – especially production numbers and revenue targets – have also contributed to its depressing stock price performance.

Nevertheless, investor confidence in the brand has been on the rise, and so has its expansion. The Amazon backed EV-company is, for instance, expected to commission a $5 Billion manufacturing plant in Georgia in 2024. The company has also revised its production forecast for 2023 by 25%.

Our analysts believe that Rivian is currently facing ‘Teething Problems’ that it will eventually solve. This informs our decision to feature it in our list of the more popular new stocks to watch today. We also expect a recovering stock market and the tech industry to trigger an upward price correction for the RIVN stock price.

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Grab Holdings – Fast Growing Technology Company to Buy and Hold

Grab is another new stock worth watching . Grab is a South-East Asia technology company offering ride-hailing, ride-sharing, food delivery, and financial services.

The super app launched in Kuala Lumpur, Malaysia, in 2012 but moved its headquarters to Singapore in 2024. It had the backing of popular venture capitalists – including Softbank, and went public in April 2021 through a SPAC merger with Altimeter Growth Corp.

Its price quickly rallied to a peak of around $18 by January 2021. The uptrend was, however, quickly followed by a steady and sustained value loss that saw GRAB shares crawl into 2023 selling more than 80% below that all-time high.

This underwhelming share performance can be attributed to a myriad of factors. Internally, unprofitability, driver supply challenge, uncompetitive pricing model, and delays in food delivery. Externally, a beaten-down tech industry and a global bear market have all contributed to the depressed GRAB stock price.

Why, then, do we feature it in our list of the best new stocks to invest now? Because the super app company has committed to a new business model. They will not only address the driver supply challenge but will also trim their charges and work on speedy deliveries. All these and a steadily growing revenue have sparked massive investor interest in GRAB. They can also be attributed to the recent ‘BUY’ rating GRAB received from top analysts, including the Bank of America.

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Diamondback Energy – Best New Energy Stock to Invest in Today

Started in 2007, Diamondback Energy is one of the newest oil and gas exploration companies in the US. The independent energy company has its headquarters in Midland, Texas. It went public in 2012 and had an IPO price of $17.50. Since then, it has posted consistent growth in all spheres of its operations.

Diamondback Energy, for instance, has expanded its reserves exponentially over the last decade. This could be attributed to its consistent revenue growth it has been reporting and the overall positive value gain for FANG shares. It, for example, stormed into 2023, trading more than 800% above its IPO price.

The gain could also be attributed to the ongoing energy crisis occasioned by the Russia-Ukraine war and slowed oil production by OPEC+ countries. Several key factors inform our decision to list Diamondback Energy as one of the best new stocks to buy this year. Key among them is the sustained Russia-Ukraine war and possible oil production cuts by Russia, which will only exacerbate the global energy crisis.

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Nikola Corporation – New Electric Vehicle Manufacturer With a Hugely Promising Future

Nikola Corporation, formerly known as Nikola Motors, is a renowned technology company and a manufacturer of battery-electric and fuel-cell commercial vehicles as well as other energy products. It launched in 2014 and only went public in June 2020. Dubbed the ‘Tesla of heavy-duty vehicles,’ the popularity of EV vehicles, the futuristic design of their trucks, and the promise of delivering their flagship truck – The TRE – in early 2021 had its share price rallying.

Several venture capitalists and other vehicle manufacturer brands – including GM – partnered with Nikola Corp. Six months after its IPO, however, Nikola stock started plummeting following a report that accused the company CEO – Trevor Milton – of ‘intricate fraud.’ Missed delivery dates, production delays, and an investigation by the Department of Justice dealt the final blow to Nikola’s momentum. NKLA shed more than 85% of its IPO price less than a year after going public.

Our analysts, however, are convinced that Nikola’s story is far from being done. They believe that new management, ramped-up production, and launch of Fuel-Cell versions of The Tre will boost investor confidence in Nikola. Externally, they expect a recovering tech industry and the larger stock market to trigger an upward price correction for NKLA. These and the fact that Nikola Stock is dirt cheap at the moment informed our decision to include it in our list of best new stock to buy and hold over the long term.

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Upstart Holdings – Innovative P2P Growth Stock Worth Buying in 2023 

Upstart is a Fintech company that specializes in lending and leverages the power of AI to determine a borrower’s creditworthiness. It was founded in 2012 and went public in December 2020, with each UPST stock valued at $20.

Unprecedented uptake of the platform by individual users and SMEs, fast onboarding of credit providers, i.e. banks and other lending platforms, and a market bull run triggered a massive price rally for Upstart. By the last quarter of 2021, UPST was trading close to 2000% above its IPO price.

2022, however, proved devastating for the lending platform as its shares lost all the gains made in 2021, even falling below the IPO price territory.

Much of this can be attributed to the underperformance of the tech industry and the global economic headwinds that culminated in an extended bear market. Our analysts feature Upstart among the popular new stocks to watch today because its user base and lender pool have expanded consistently. This has the majority of investors convinced that as soon as the stock market and tech industry start recovering, Upstart share value will rebound.

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Tilray Brands – Promising Cannabis Industry Stock to Watch

Tilray Bands is a pharmaceutical company specializing in the production of cannabis and cannabis-related products. It is one of the most popular cannabis companies in the US and also a notable cannabis stock. But even though it is a US company with its headquarters in New York, Tilray cannot sell its products in the country.

This has starved it of a significant market, and is forced to look for consumers across the country in Canada and internationally.

These can be attributed to the underwhelming performance of the TLRY stock price. But all is not lost, and Tilray’s fortunes could take a turn for the better soon. This follows reports that legislation that would legalize the sale of cannabis products in the US is in the works. Such a move would open up the US economy to Tilray, giving a boost to its already promising revenues.

A recovering stock market, legalization of cannabis and cannabis products at the state level, and improved financial health are all expected to trigger an upward price correction for TLRY shares. This makes TLRY a popular new stock to invest in with a buy-and-hold rating.

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Palantir – Fast Rising Data and AI Specialist Set to Explode in 2023

Palantir Technologies is a popular company founded by Peter Thiel – PayPal co-founder, in 2003. But its popularity only sored when it went public in 2020. It specializes in big data analytics and serves the United States Intelligence Community as well as private companies operating in the finance and healthcare industries.

We feature it in our list of the best new AI stocks to buy right now because it has posted steady revenue growth since going public. It also reported its first profitable quarter – the fourth quarter of 2022 – and its management expects the software company to have its first profitable full year in 2023. 

We also believe it to be one of the new stocks worth buying because it is dirt cheap. It crawled into 2023, trading more than 80% below its all-time high. A recovering stock market, rebounding tech industry stocks, and Palantir’s optimistic future are all expected to trigger an upward price correction for the Colorado-based tech company.

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Zoom – Fairly Priced Tech Company With a Promising Future

Zoom is an all-popular communications technology company specializing in video telephony, teleconferencing, and online chat services. It started in 2011, launched its first software in 2013, and went public in 2019.

It only shot to popularity in 2020 when it became the most preferred mode of communication for individuals and companies during the global lockdown occasioned by the Covid-19 pandemic. From an IPO of $36 in 2029, Zoom rallied by more than 1500% to peak above $559 in the last quarter of 2020.

During the Pandemic period, Zoom gained a massive following from both individuals and businesses, and its revenue grew as the work-from-home trend gained pace globally. Its unprecedented rally could also be attributed to the tech industry stocks.

But as the pandemic slowed down and companies started urging employees to return to work at the end of 2021, Zoom's growth plateaued. Investors feared negative growth would follow and started selling off their investments - triggering a drop in share prices for the video communications company. The underperforming tech industry stocks and an extended bear market in 2022 only accelerated this value loss. These saw Zoom technology stock enter into 2023, trading close to 90*% below its peak 2020 price.

Our analysts nevertheless believe that three key factors make Zoom a valuable addition to any stock portfolio. First is that Zoom dominates the video conferencing niche and has consistently miles ahead of the competition.

Secondly, Zoom continues to add functionality to its software which makes it an invaluable tool not just from work from home teams but virtually any organization in the world. Lastly, we believe that Zoom’s consistent revenue and net income growth post-Covid-19 will boost investor confidence in the brand triggering an upside price correction for ZM stock.   

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Brookfield Renewable – Popular Green Energy Stock Worth Investing In

Brookfield Renewable partners is one of the fastest-growing companies in the renewable energy sector. And four key factors influenced our decision to feature it among the best new stocks to buy now.

First is its rapid international growth. Over the past few years, Brookfield Renewable has extended its portfolio to include hydroelectric dams, wind and solar farms, and pumped energy storage facilities. It currently has an established presence in four continents and expects it to continue growing this portfolio over the coming months.

Secondly, it makes it here because we expect the portfolio growth to be replicated in the growth of its revenues. By expanding its operations to include more renewable energy products and possibly launch in more countries, Brookfield will, by extension, expand its revenue base. This serves as a boost to investor confidence which translates to significant stock price gains.

Thirdly, we list it among the most popular stocks to buy today because it operates in one of the fastest-growing sectors - the renewable energy sector. This fast-paced growth industry is expected to post significant growth leaps over the next few years, making Brookfield Renewable Partners one of the best growth stocks to invest in today.

Lastly, a growing number of analysts industry and a growing number of stock investors have given Brookfield Renewable a buy consensus rating.

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SoFi Technologies – Undervalued Personal Finance StartUp

SoFi is an American financial technology company that specializes in personal finance and online banking. It launched in 2011 and has, over time, launched multiple finance and banking products - mostly targeted at individuals as well as small and medium enterprises.

Some of these products that have helped make SoFi massively popular include student and auto loan refinance, mortgages, personal loans, credit cards, as well as desktop/mobile app banking and investing. They all have helped it attract more than 5 million clients and grow the SOFI stock by more than 250% by the time it peaked in early 2021.

But these are the only things that make SoFi the best new stock to buy in 2023. Three other key factors helped our analysts list SOFI here.

First, we list SoFi here because it promises to sustain the unprecedented growth it recorded over the last few years. This has been made possible largely by its highly competitive fees, convenience, and user-friendliness of its mobile and desktop apps. These make it better equipped to continue competing - favorably with traditional banking institutions.

Secondly, we feature it here because it recently received a banking license. We expect this to help advance its competitiveness in the banking industry and draw in more users who will drive its revenues and stock price upwards.

Going forward, our analysts are confident that SoFi will launch more banking and personal finance products - all of which are expected to drive up SoFi's user numbers, company revenues, investor confidence, and, more importantly - share price.

Lastly, much of SoFi's depressing performance throughout 2022 can be traced back to underperforming tech stocks and an extended bear market. Our analysts are confident that as soon as both the tech industry and the general economy start recovering, SOFI stock will rebound and possibly rally to early 2021 highest.

This perhaps explains why the stock has received a strong buy and by consensus rating from expert market analysts.

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Churchill Capital Corp – Top SPAC With a Confirmed and Hugely Promising Target

Churchill Capital Corp is a blank check company or a special purpose acquisition company (SPAC). In mid-December 2022, it announced through an 8-K Filing that it had settled on a target company and signed a letter of intent - implying that it will be combining with the unnamed company and taking public in 2023. Given its founding, the SPAC has until the first quarter of 2023 to complete this transaction - though it could ask for an extension from its investors.

Even though this target company remains unnamed, three key factors make this entity the best new stock to buy today. First is the fact that Churchill Capital Corp's sister companies have a history of picking up promising companies - including Lucid Motors.

Secondly, Churchill has one of the strongest management team led by Michael Klein. The prolific and massively popular investor has found massive success and both the banking and investment industries. Before launching Churchill Capital, Klein was a dealmaker at Citigroup and is the current CEO designate of an American Credit Suisse spin-off - Credit Suisse Boston.

We have already mentioned that Churchill Corp is a speculative investment. We list it among the best new stocks to watch in 2023 because we expect it to post incredible gains that trigger a massive upside for your investment as soon as the deal goes through.

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Atlassian Technologies – Fast Rising Collaborative Software Developer Worth Buying Today

Atlassian Technologies is a fast-rising software company specializing in the design, development, and distribution of collaborative software and IT solutions for organizations and teams working on similar projects. Some of its most popular software solutions include Jira, Trello, Confluence, BitBucket, a software/apps marketplace and more.

Started in 2002 in Sydney, Australia, Atlassian has reported steady growth, which helped morph into one of the most popular software companies in the world. It currently has 200,000+ clients, more than 4 million community members, and 5000+ apps on its marketplace. It was one of the earliest companies to provide software solutions for businesses.

This competitive advantage has helped advance its popularity, user numbers, products on offer, and company revenues. These have, in turn, helped drive up investor interest and, by extension, its TEAM stock. Moving forward, we expect Atlassian to continue onboarding more clients - which informs our decision to feature it among the best new stocks to invest in today.

We also list it here because it sells mission-critical products and solutions. Its software has been largely adopted by businesses and other organizations at both the local and international levels. The level of dependency most brands have on these tools and solutions makes it hard for them to either simply drop Atlassian or switch to similar software solutions. This effectively provides Atlassian with a steady stream of revenue, which could be attributed to its overall uptrending company revenues and stock price.

By the time it parked in the last quarter of 2021, Atlassian shares were selling more than 2000% above its IPO price. But as tech industry stocks nosedived and the bears took over the markets in 2022, TEAM stock shed more than 70% of this peak value to enter into 2023, selling at around $130. The fact that tech stocks are showing signs of recovery and the market will eventually rebound has our analysts convinced that Atlassian is one of the most popular new stocks to watch in 2023.

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SunRun – Promising Green Stock to Hold Over the Long Term

SunRun is an American-based renewable energy company. It specializes in the production and distribution of photovoltaic systems and battery energy storage solutions with a bias towards residential customers.

Since its launch in 2007, SunRun has expanded its client base to cover 660,000 customers who consume more than 4.68 Gigawatts of power. In line with this expanding client base, SunRun has grown its company revenues, and by the time RUN stock peaked in January 2021, it was close to 7005 above its IPO price.

Throughout 2022, RUN stock lost more than 50% of its value. We, nevertheless, still list it among the best new stocks worth buying today because of its promising future. 

We especially like its business model, which can be attributed to massive growth in user numbers. SunRun doesn’t charge its system users an upfront energy solution installation fee. Rather, it installs the solar and battery energy storage pack and sells electricity to you. The upside to this is that landlords don’t have to worry about high installation fees; they also get cheaper energy sources and get to enjoy electricity even when the grid is off. We expect the affordability of this business model to continue drawing in new users.

We also believe SunRn to be the best new stock to invest in and hold because of its ambitions and borderline aggressive expansion plan. Looking at its history, you will notice that SunRun has acquired or entered into strategic partnerships with a host of companies. These include the $3.2 Billion acquisition of Vivint Solar in 2020, expansion into Puerto Rico, and the recent partnership with Ford. You can expect SunRun to record similar market moves moving forward, which would expand its market and grow its revenues.

Further, SunRun is a key player in the fast-paced renewable energy industry. In the US, at both the federal and state levels, legislation has been either passed or fronted that creates a conducive environment for solar stocks to thrive. In addition to this, the significant loss in share value can be attributed to underperforming tech industry stocks and an extended bear market. So, as soon as the markets and the tech industry start recovering, you may expect RUN stock to rebound and possibly rally towards its early 2021 highs.

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Opendoor Technologies – Best Performing REIT to Watch In 2023

Opendoor technologies is an online real estate company specializing in the iBuying businesses model. It could also be viewed as a flipping services provider as it is engaged in buying houses, remodelling, and selling them at a premium. It went public in mid-2020 but is yet to turn a profitable full year.

Nevertheless, our analysts list it among the new stocks worth buying because of the rapid growth it has been recording. For starters, the number of sellers using its platform has grown exponentially, and so have its gross revenues and popularity. Although these positives are yet to reflect in the OPEN stock price, analysts are optimistic that Opendoor Technologies fortunes are near.

They underscore several critical internal and external developments as the leading causes of optimism towards Opendoor Technologies. For starters, Opendoor management changed in December 2022 as Carrie Wheeler took over as the CEO of the San Francisco-based company. Secondly, Opendoor Technologies is expected to continue growing its user base and expanding its reach in the real estate industry.

More importantly, Zillow recently abandoned the iBuying business model. Analysts expect Opendoor to steal a chunk of the former Zillow clients – effectively growing its user base and expanding its market reach and revenues. This is expected to spark investor interest in OPEN stock – possibly driving them back to their IPO price levels. These are some of the factors that the majority of Wall Street analysts considered when giving Opendoor a Strong Buy to Buy rating.

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Airbnb – Popular and Fairly Valued Growth Stock to Buy and Hold

Airbnb is an online marketplace where users can rent short-term holiday homes and vacation rentals. It has its headquarters in San Francisco and went public in December 2020. It currently has a strong buy consensus rating from Wall Street analysts. But this isn’t the only reason why it makes Airbnb to our list of the best new stocks to buy today.

We also list it here because it has performed incredibly well in the past. It, for instance, started by growing its share price by close to 200% in the few months following its IPO. It has also consistently grown its number of users and company revenues.

Secondly, it makes it here because of its strong financials. These include sufficient cash flows and a solid cash reserve. Analysts are confident that such a solid revenue base will be instrumental in helping Airbnb survive the ongoing bar market and withstand the expected crash of the global economy.

Lastly, we list Airbnb among the most popular new stocks to watch over the next few months because of the competitive advantage it enjoys as well as its hugely promising future. The online marketplace is pacing ahead of any competition and far from hitting market saturation. Most recently, it announced that it would be introducing a new product to this marketplace – effectively expanding its revenue base. Such a move will fuel investor interest in ABNB stock and probably help it rally back to the high recorded in the last quarter of 2022. 

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Warner Music Group Corp – Popular New Stock With A Rich Legacy

Warner Music Group Corp is a multi-national entertainment and record label with its headquarters in New York, US. It is an offshoot and the music division of the century-old Warner Bros film studio.

Though it launched in 1958, Warner Music Group features in our list of the best new stocks to invest in 2023 because it only went public in June 2020 after privatization in 2011. Since then, the multi-billion-dollar company has been on an overall uptrend. For starters, the WMG stock grew by close to 170% in the first 15 months of its operation to peak at around $50 in October 2021.

The music catalogue, the number of signed artists, the number of successful record labels, and revenues for the third-largest global music company have also been on an uptrend. In addition to the revenues, its operating income, net income, and assets have all been on a sustained uptrend. Moving forward, expect Warner Music Group to sustain its growth which will help push up WMG stock prices. 

These, a recovering stock market and better-performing tech industry stocks, are all expected to help trigger a rebound for the WMG stock.

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Block Inc – Best Coinbase Alternative Founded by Jack Dorsey

Block Inc – formerly Square – is a financial technology company started by celebrated entrepreneur and innovator Jack Dorsey in 2009. Since then, the company has witnessed exponential growth in all its spheres of operation – right from the number of its Square and Cash App platform users to its gross revenues, net incomes, and share price.

In fact, Block Inc Stock has one of the highest ROIs of the best stocks to invest in 2023, which we have featured in this post.

We also list it here because the primary business divisions it operates have a massively promising future. Both Square and Cash App have posted incredible growth in the past and are expected to sustain this growth trajectory in the foreseeable future. Square has, for instance, steadily grown the number of merchants using its platform past 2 million and the number of its Cash App users beyond 40 million.

Block Inc also makes it to our list of the best new stocks worth buying today because of its strong connection to the crypto world. Between 2020 and 2021, for example, Block Inc. acquired Bitcoin worth $220 Million. Throughout 2022, Bitcoin’s value shrunk significantly. Moving forward, however, we expect Block Inc stock to resume an uptrend and possibly rally back to its late 2021 highs.

We also list it here because it is a technology company whose underwhelming stock price can be attributed to underperforming tech stocks and an extended bear market. Top Wall Street analysts must also have put into this account when giving SQ a strong buy consensus rating.

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Tesla – Undervalued Tech Stock With the Most Promising Future

Tesla is the all-popular electric vehicle manufacturer and one of the most popular tech stocks. It is headed by celebrated entrepreneur Elon Musk and was the first auto manufacturing company to have its market capitalization break above $1 Trillion. It also pioneered and popularized most electric vehicle designs and was also the first company to sell more than 1 million electric vehicles.

From an IPO of $1.13 in 2010 (adjusted for stock splits), TSLA stock peaked above $400 (more than 40000% above its IPO price in November 2021. It also has the highest ROI of the new stocks worth investing in that we have discussed above – having into 2023 selling more than 10000% above the 2010 IPO price.

Tesla stock makes it to this list because we believe it to be massively undervalued – based on its past price action, ongoing developments in the brand, and its hugely promising future. This TSLA stock undervaluation could be attributed to several key factors. Key among them is the underperforming tech industry stocks, an extended bear market, Tesla’s poor finances (pre-2022), and negative public sentiments towards Elon Musk.

But Tesla just had its best full year yet in 2022 when it posted record sales volumes and revenues. It is also engaged in an aggressive expansion plan that saw it launch a giga-factory in Berlin, Europe and announce a new one to be located in Mexico. Not forgetting that its clean energy business division encompassing photovoltaic solar energy generation systems and battery energy solutions is growing fast.  

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DataBricks – Best Upcoming New ICO Stock to Watch in 2023

Databricks is a U.S. based enterprise software development company founded in 2013. It provides a web-based platform that can be used by institutions to work with Spark and provide automated cluster management and IPython-style notebooks.

Since its establishment, Databricks has posted steady growth in all spheres of its operations. These start from the number of merchants using its enterprise software, the number of products on offer, and its revenues. In 2022, for example, Databricks’ annual revenue surpassed $1 Billion. 

Though it is yet to go public, Databricks company has a massively promising future. Our analysts are confident the company’s able leadership and innovative approach to the software industry will continue driving up its revenues. These and the fact that it is expected to go public this summer make it the popular new stock to watch today.

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Tips On Selecting The Best New Stock to Watch

Company IPOs aren’t uncommon in the US. This means that there currently are hundreds – possibly thousands of hugely popular and promising new stocks to invest in today. In such a saturated market, finding the best new stocks to buy can be overwhelming- especially for novice investors. To help you get started, we share with you a few practical tips to follow when searching for the best new stock to invest in:

Identify a sector

If you aren’t sure of the best stock to invest in, consider investing in popular or fast-rising sectors/industries. Identify a popular or fast-growing sector or simply an industry/stock that you are familiar with. To identify the best sector to invest in, listen to experts and follow the news.

Follow the news

You may also find the best stocks to invest in by following the news. By keeping tabs on financial, political, and economic news, you get to pick on emerging trends. These play a critical role in helping you identify the best industries and sectors to invest in and which ones to avoid. From here, you can easily pick out the most promising companies in each sector/industry.

Look for social media buzz

The stock market runs majorly on sentiments whereby. Investors will often flock to buy a stock after positive social and mainstream media buzz about it or the industry in which it operates. If you are searching for the best stocks to invest in today, keep an eye out for social media buzz and monitor the different sentiment analysis tools. This should help you identify the promising stocks in the buzzing sectors of the economy.

Follow experts analysts

The stock investing world isn't short of experts - both analysts and fellow but more experienced investors. These share their thoughts and opinions about the best stocks to invest in from time to time. The most common are expert analysts who share their opinions freely online and on mainstream media. There also are paid experts who usually work with brokerage firms who will charge you a premium in return for helping you come up with a personalized stick investment portfolio.

Scout IPOs

 In the above post, we finished off our list of the best stocks to invest in right now by sharing with you a yet-to-go public that we believe will shoot to unprecedented heights soon after its upcoming IPO. You, too, may consider scouting for promising companies that are about to launch, getting in early, and profiting immensely from their IPO.

How We Rank The Best New Stocks to Buy

When vetting companies and searching for the best stocks to invest in today, there are a few factors you need to pay close attention to. Below, we look at the few we gave the most consideration to when vetting and ranking the popular stocks to watch that we have discussed above:

Review fundamentals

You will want to start by reviewing the company’s fundamentals and only investing in the most promising companies. Check how the company has performed in the past, its expected future performance, its roadmap, and such other factors as the growth rate for its user base and rate of expansion.

Check financials

You will also want to pay close attention to the company’s finances - current, past, and future. Check how the company’s past and current performance as well as its expected future performance. In this case, you will want to pay close attention to such metrics as gross revenue, cash flows, operating income, and net income. These have a near-direct impact on influencing the company’s stock price.

Assess the future of the company and industry

Remember that it is not enough to check a company’s past and expected future performance. You will also want to check the past and expected future performance of the industry/sector in which it operates. Looking at Tesla, you will realize that even with a record-breaking year, an underperforming tech industry had a negative impact on EV company shares.

Examine company dividend history and yield

If your stock investment is driven by the need for passive income, check the regularity of dividends and the yield rate offered by your preferred company. In this case, only invest in the company with the most regular dividends and competitively high yield rates. 

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Are New Stocks Common?

Yes, as we mentioned hereinabove, there is no shortage of new stocks to invest in today. This is made possible by the fact that new companies are still coming up, merger deals are being executed, and SPACs are taking established brands public. In 2022, for example, more than 180 companies went public on the US stock markets.

Is It Worth Investing In New Stocks?

Stocks are one of the oldest and most reliable forms of investing in the world. Over time, it has been adopted by millions across the world - with an estimated 58% of Americans believed to have invested in the stock markets at the end of 2022.

Still, wondering whether new stocks are worth investing in? Here are five reasons why you should consider buying new stocks today:

Potential for future gains

New stocks often have the potential to explode. In fact, the majority of the stocks that we have discussed hereinabove had their value soar within a few years after launch. Most have maintained an overall uptrending share price action years after ROI.

Diversify portfolio

You may also want to invest in new stocks as a means of diversifying your investment portfolio. If you are already invested in such investments as cryptocurrencies, you may consider balancing this portfolio by dedicating a portion of your portfolio to new stocks.

Hedge against inflation

In addition to using new stock investments to diversify your portfolio, you may also use them to hedge against inflation. Unlike cash that loses value over time as the fed prints more cash, stocks appreciate in value.

Build wealth

Thousands of individuals - possibly millions - across the country have relied on stocks to build and grow their wealth. This is evidenced by the likes of the S&P 500 index that has gained 50% over the last 5 years.

Earn regular passive income

New stocks could also be a great source of income for you. A large number of companies distribute dividends to tier shareholders, and this could provide you with a steady source of passive income.

How To Buy New Stocks Today

Want to start buying any of the new stocks that we have discussed above right away? Note that most of the undervalued stocks that we have discussed hereinabove can be purchased commission-free on the all-popular eToro online brokerage.

Here is a step-by-step guide on how to invest in new stocks via the all-popular stock online brokerage - eToro.

Step 1: Create a share trader account

From your browser, open the official eToro website or download the eToro mobile trader app. Hit on the “Join Now” button and complete the user registration form that pops up here. Enter such basic personal data as your name, address, country of residence, and phone number.

Your capital is at risk. Other fees apply.

Step 2: Verify identity

Seeing that eToro is a multi-regulated broker, it is required by law to pass all its clients through KYC/AML checks. The stock brokerage will therefore ask about your source of income. It will also ask that you verify your identity by submitting a copy of your government identification document, i.e. a passport or driver’s license.

Step 3: Fund this account

Log in to your approved shares investor account and hit the “Deposit Funds” icon on your user dashboard. From the funding tab that pops up, choose a payment option and follow the prompts to make a deposit.

Step 4: Identify new stock to buy

After the payment reflects in your trader account, hit on the “Discover” button to reveal supported financial instruments. Choose “Stocks,” identify the stock you wish to invest in, and hit the “Buy” option.

Step 5: Start investing in stock

A trading tab will pop up. Use it to customize the investment by indicating how many shares you wish to buy or how much money you want to put in, then hit the “Open Trade” button to execute the transaction.

Your capital is at risk. Other fees apply.

Conclusion – Best New Stocks to Invest in Right Now

There goes everything you need to know about investing in new stocks. We started by listing and providing you with an overview of what our analysts consider the best new stocks to buy right now. They all have solid fundamentals, a promising future, and have received either a ‘Strong Buy’ or ‘Buy’ consensus rating from expert analysts.

In addition to these, we went over a few practical tips that you can use to find the best new stocks to invest in for you. We also went over the factors you need to pay most attention to when vetting stocks and answered the question of whether new stocks are worth investing in today.

Want to buy any of the stocks we have listed hereinabove? Use the step-by-step guide to stock investing on eToro that we have outlined above.

Your capital is at risk. Other fees apply.

eToro – Buy New Stocks With 0% Commission

Open an account with eToro, deposit some funds with USD, and finally – buy Shares from just $10.

Your capital is at risk. Other fees apply.

Guides To Buying Stocks

To learn more about stock investing, check out our expert guides.

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• Best Shares To Buy In The UK
• How To Pick Stocks: A Complete Guide for New Investors
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