The Motley Fool

2 Growth Stocks That Can Outperform BlackBerry Ltd. (TSX:BB)

Image source: Getty Images

Investors continue to wonder whether they’ve missed the boat when making investment decisions. That happened recently when BlackBerry (TSX:BB)(NYSE:BB) soared to around $36 per share before sailing back down. As of writing, it trades around $13 per share — a drop of 64%!

While I wouldn’t count out this growth stock long term, there are other growth stocks out there that have a proven track record that outweighs the potential of BlackBerry stock. Though if you’re a long-term holder, there are plenty of reasons to stick with it. The company’s QNX software could make it a multi-bagger over the long run. Yet in the short term, you might want to wait for some more good news and consider these stocks instead.

Real Matters stock

A great option for multi-bagger potential is Real Matters (TSX:REAL). The Software as a Service (SaaS) company provides software to mortgage and insurance lenders. The company receives about 90% of its revenue from the United States, where interest rates continue to bring in strong revenue.

Shares in Real Matters stock were up to $33 per share back in August before dropping down to around $17 per share today. In my view, that’s a discount of 47% for this stock. In the past three years, shares are still up 144%. That’s likely to only increase, as the company continues to bring in revenue from its U.S. title segment.

One thing investors can learn is, the company is basically pandemic proof. No matter what happens in the next few years, the company is merely dependent on the insurance and mortgage industry. And frankly, if one is down, the other usually benefits. But right now, everyone is renewing their loans at low interest rates. This has created a surge in Real Matters stock from its usage.

The company continues to surprise analysts, and management believes it will continue to see strong revenue coming in for years to come. That makes it an ideal stock to have in your portfolio, especially if you’re looking for growth.

Well Health stock

Another pandemic-proof stock? WELL Health Technologies (TSX:WELL). The company’s telehealth business has exploded during the pandemic. Investors are realizing that companies like this are the future, and that we aren’t likely to go back to pre-telehealth methods now that there’s a safe and convenient way to visit the doctor for non-personal appointments.

WELL Health stock has boomed during the past few years since its initial public offering (IPO), with surges after major acquisitions. Most recently, it announced a major path to growth in the United States with its latest acquisition. This will bring in serious revenue for long-term investors.

But revenue remains bountiful, with WELL Health stock announcing double and even triple-digit year-over-year growth in revenue thanks to all these acquisitions. Shares in the company are up 365% in the last year alone and 5,635% since its IPO! And it’s likely we’ll continue to see demand from a company like WELL Health in the years to come.

Bottom line

Stock price movements in BlackBerry stock have been encouraging but depressing when a bust comes after the boom. For long-term investors, I wouldn’t give up on BlackBerry stock. But if you’re looking for growth in the short term, I would definitely consider stocks like Real Matters stock and WELL Health stock today.

After looking at these stocks, add this one due for MASSIVE growth!

Should you invest $1,000 in Lightspeed POS right now?

Before you consider Lightspeed POS, you may want to hear this.

Motley Fool Canadian Chief Investment Advisor, Iain Butler, and his Stock Advisor Canada team just revealed what they believe are the 10 best stocks for investors to buy right now... and Lightspeed POS wasn't one of them.

The online investing service they've run since 2013, Motley Fool Stock Advisor Canada, has beaten the stock market by over 3X. And right now, they think there are 10 stocks that are better buys.

Learn More Today!

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

Fool contributor Amy Legate-Wolfe owns shares of WELL. The Motley Fool recommends BlackBerry, BlackBerry, and Real Matters Inc.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss an important event.

Iain Butler and the Stock Advisor Canada team only publish their new “buy alerts” twice a month, and only to an exclusively small group.

This is your chance to get in early on what could prove to be very special investment advice.

Enter your email address below to get started now, and join the other thousands of Canadians who have already signed up for their chance to get the market-beating advice from Stock Advisor Canada.