3 No-Brainer Growth Stocks to Invest $250 in Right Now

Unfortunately, the desire to invest in stocks with tremendous potential doesn’t always correlate to the financial resources to invest in those stocks. Some great equities have shot up so much that they’re priced beyond what many investors can afford.

Sure, many trading platforms allow buying fractional shares, but they don’t always include every stock. For example, Schwab only supports buying and selling fractional shares for S&P 500 stocks.

If you’re looking for smart stocks to buy but don’t have a ton of cash to invest, you don’t have to go the fractional-share route. Here are three no-brainer growth stocks to invest in right now that are each under $250 per share.

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Etsy

Etsy (NASDAQ:ETSY) has carved out a niche for itself as the go-to online site for unique handmade products. The COVID-19 pandemic brought a big new wave of customers to the e-commerce platform, initially as a source for face masks.

That face-mask business has tapered off significantly now, and Etsy’s sizzling growth rate has slowed somewhat, as well. However, the company still delivered 23.4% year-over-year revenue growth in the second quarter. I think Etsy is well-positioned to generated strong growth for a long time to come.

Etsy claims a solid moat that appears to be growing even stronger. The company’s take rate (the portion of gross merchandise sales from third-party sellers that Etsy keeps as revenue) continues to increase. Etsy’s base of active buyers jumped 50% year over year in Q2. Customers are also spending more time on the e-commerce platform.

More importantly, Etsy has only begun to tap its overall market opportunity. It targets a total addressable market of $1.7 trillion. Nearly $250 billion of that market includes the types of products and geographies that are especially relevant for Etsy.

The company is on track to make a little over $2 billion this year — only a sliver of its potential market. Etsy should have plenty of room to grow.

Fiverr

Fiverr (NYSE:FVRR) operates an online marketplace, too. However, instead of bringing buyers and sellers of handmade goods together, it matches freelancers with businesses that need their services.

The stock plunged after Fiverr reported its Q2 results earlier this month. Those results actually looked great. Fiverr’s revenue soared 60% year over year with better-than-expected earnings. The problem was that management projects revenue will decline sequentially in Q3 as freelancers take vacations and spend less time online.

Don’t let Fiverr’s slowing growth fool you. The company still has tremendous long-term prospects. The freelance market opportunity that Fiverr targets totals close to $115 billion annually in the U.S. alone.

Fiverr continues to expand its platform to go after this market more effectively. Its Fiverr Business offers collaboration tools that enable companies’ in-house teams to work with freelancers. This product already makes up 5% of…