Putting money into a promising growth stock and just letting it sit there can potentially lead to some fantastic returns for investors. However, having patience in a growing business is crucial. It can sometimes take a while for a stock's value to reflect any impressive earnings and revenue growth the company may experience over the years and the potential it may possess.
One stock that looks impressive and downright unstoppable right now is e.l.f. Beauty (NYSE: ELF), which has been continuously generating solid growth numbers. With the stock still trading at a modest $7.3 billion market cap, it's not hard to see how this popular cosmetics company could become much more valuable in the future.
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