Three great growth stocks that look like good buying opportunities after last week's sell-off are cloud database company MongoDB (NASDAQ:MDB), monitoring and analytics platform provider Datadog (NASDAQ:DDOG), and telehealth and virtual care companies Teladoc Health (NYSE:TDOC) and Livongo Health (NASDAQ:LVGO).
The company's revenue for the quarter ending on April 30, 2020 (MongoDB's first quarter of fiscal 2021), rose 46% year over year.
The company even lifted the low end of its full-year fiscal 2021 revenue outlook by $10 million, guiding for fiscal 2021 revenue to be between $520 million and $530 million.
While second-quarter revenue growth decelerated from a growth rate of 87% in Q1, it was still up a strong 68% year over year.
Finally, there's Livongo Health and Teladoc -- two companies whose stocks fell sharply last week after they announced that they planned to cozy up and merge their businesses -- a move that would make them the unquestionable leader in telehealth and virtual care.
The two companies estimate the combination will drive $100 million in revenue synergies by the end of the second year following the close of the merger.
Considering the two companies generate just $923 million in annual revenue together today, this is quite a projection.
Livongo Health, a company specializing in virtual care solutions for people with chronic conditions, saw second-quarter revenue surge 125% year over year to $91.9 million.
Telehealth platform provider Teladoc saw its second-quarter revenue soar 85% year over year.