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Photos of recent events: Top 3 US fastest-growing companies in 2020

This year has become a real challenge for the whole world. Finally, this gloomy year is coming to end. Therefore, now it is evident who in the market has succeeded quite well despite the pandemic-driven crisis. The biggest gainers are US stock indexes. Even now they are preparing for a rapid breakdown of fresh records. Despite the fact that there have been plenty of reasons for grief and joy during this year, individual companies have won favor with investors and showed such dazzling growth exceeding all imaginable levels

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15:21 2020-12-18 430 3

15:21 2020-12-18 Etsy Share price: $177.8 Annual growth: +301.3% While mercilessly destroying many companies in different industries, the pandemic was a huge booster for firms from the e-commerce segment. Etsy, an American e-commerce platform focused on handmade or vintage items, has gained momentum in 2020. However, at the very beginning of the reporting period, even experts with a vast knowledge of the market could hardly predict that the company would land the stock at an all-time price high. No wonder, the company was added to the S&P 500 index, one of the most important stock market indices tracking the success of America's largest publicly-traded companies, without a moment of hesitation. Notably, during the year, its shares have been rising faster than those of such industry giants as Amazon and eBay. The coronavirus pandemic literally made the company so successful that even analysts could not foresee such a wild rally in time. In the first ten months alone, Etsy's revenue soared by 102% and gross sales jumped by 101%. The total number of users of the platform reached 69.6 million, up by 55% than in the previous year. In addition, the company is likely to add gains as the holiday season is approaching.

Etsy

Share price: $177.8

Annual growth: +301.3%

While mercilessly destroying many companies in different industries, the pandemic was a huge booster for firms from the e-commerce segment. Etsy, an American e-commerce platform focused on handmade or vintage items, has gained momentum in 2020. However, at the very beginning of the reporting period, even experts with a vast knowledge of the market could hardly predict that the company would land the stock at an all-time price high. No wonder, the company was added to the S&P 500 index, one of the most important stock market indices tracking the success of America's largest publicly-traded companies, without a moment of hesitation. Notably, during the year, its shares have been rising faster than those of such industry giants as Amazon and eBay. The coronavirus pandemic literally made the company so successful that even analysts could not foresee such a wild rally in time. In the first ten months alone, Etsy's revenue soared by 102% and gross sales jumped by 101%. The total number of users of the platform reached 69.6 million, up by 55% than in the previous year. In addition, the company is likely to add gains as the holiday season is approaching.

15:21 2020-12-18 PayPal Share price: $220.79 Annual growth: +104.8% After a surge in demand for online companies’ services, the need for electronic secure payments has increased exponentially. PayPal, one of the largest online payment systems, has benefitted the most from this situation. Securities of the leader of the digital payments segment soared by 105%. On December 14, they reached their new high at $223.16. Its annual profit surpassed the previous reading by 121%. It is consolidated at $1.07 per share. The total volume of payments has also spiked up. Importantly, it is a key indicator for the company. Currently, the company’s growth is about 36%. The total number of active accounts on PayPal totals 361 million.

PayPal

Share price: $220.79

Annual growth: +104.8%

After a surge in demand for online companies’ services, the need for electronic secure payments has increased exponentially. PayPal, one of the largest online payment systems, has benefitted the most from this situation. Securities of the leader of the digital payments segment soared by 105%. On December 14, they reached their new high at $223.16. Its annual profit surpassed the previous reading by 121%. It is consolidated at $1.07 per share. The total volume of payments has also spiked up. Importantly, it is a key indicator for the company. Currently, the company’s growth is about 36%. The total number of active accounts on PayPal totals 361 million.

15:21 2020-12-18 TeraDyne Share price: $120.44 Annual growth: +76.6% Teradyne is a developer and supplier of automated testing tools for companies involved in the production of microelectronics, printing platforms, and wireless network modules. During the pandemic, the company managed to become the leader of its sector thanks to an increase of 76.6%. During all four quarters of the current year, the company's earnings reports came as a surprise to experts, who did not expect such a breakthrough in either profit or revenue. Its success was primarily due to the growing demand for automatic control systems. According to the company’s preliminary estimates, its profit may jump by 57% at the end of the fiscal year to the level of $4.5 per share. The revenue is likely to soar by 33% to $3 billion.

TeraDyne

Share price: $120.44

Annual growth: +76.6%

Teradyne is a developer and supplier of automated testing tools for companies involved in the production of microelectronics, printing platforms, and wireless network modules. During the pandemic, the company managed to become the leader of its sector thanks to an increase of 76.6%. During all four quarters of the current year, the company's earnings reports came as a surprise to experts, who did not expect such a breakthrough in either profit or revenue. Its success was primarily due to the growing demand for automatic control systems. According to the company’s preliminary estimates, its profit may jump by 57% at the end of the fiscal year to the level of $4.5 per share. The revenue is likely to soar by 33% to $3 billion.

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