5 Best Growth Stocks to Buy According to Billionaire Ray Dalio’s Bridgewater Associates

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1. e.l.f. Beauty, Inc. (NYSE:ELF)

Percent of Revenue Growth in Past One Year: 70.85%
Bridgewater Associates’ Q3 2023 Stake: $12.07 Million
Number of Hedge Fund Holders: 34

e.l.f. Beauty, Inc. (NYSE:ELF) and its subsidiaries make and sell cosmetic and skin care products under four brands globally. The company has eye, lip, face, paw, and skin care products. e.l.f. Beauty, Inc. (NYSE:ELF) is up 129.98% year to date and trades at price-to-earnings multiple of 59.75.

e.l.f. Beauty, Inc. (NYSE:ELF)’s revenue was $765.74 million for the twelve months ending on September 30, 2023, a 70.85% increase from last year. Bridgewater Associates increased its stakes in e.l.f. Beauty, Inc. (NYSE:ELF) by 12% in Q3 2023 to 109,862, valued at $12.07 million. 

Follow E.l.f. Beauty Inc. (NYSE:ELF)

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