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2 FTSE 100 growth stocks I’d buy today

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Being an investor in my late 20s, I have the time and risk appetite for growth stocks. I also love the excitement of these companies. They are fun, dynamic and ever-adapting, and this keeps me on my toes. Well-established, predictable corporations make up the bulk of the FTSE 100, therefore I tend to look the other way when scouting for investing opportunities. However, I think these two companies have what it takes to become the behemoths of tomorrow.

One yummy FTSE 100 stock

We all know what excitement we feel when we hear the doorbell ring, knowing it’s Just Eat Takeaway (LSE: JET) delivering Friday night Chinese! The FTSE 100 company has seen a significant surge in demand for its services during the pandemic. Its popularity has skyrocketed during Covid-19. Instead of going out to eat, households have brought the restaurants home. I believe that this will remain true after the effects of Covid-19.

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Throughout history, we see that times of crisis accelerate trends. E-commerce is one industry that was given a shot in the arm and is currently blowing up. According to the Office for National Statistics, online sales compared to total retail sales jumped from 18% in May 2019 to a staggering 33% in May 2020. In my opinion, this is not going to slow down.

Recently Just Eat reported a surge in revenue of 25%, and this is just the start in my opinion. The company’s operating model is almost a self-fulfilling prophecy. The more popular its services get, the more restaurants sign up, the higher number of orders through its platform. That is why it is one of the FTSE 100 companies I think could generate some exceptional growth in 2021.

In the cards

My next stock is Flutter Entertainment (LSE: FLTR), a company that is poised to grow coming out of Covid-19. It operates an online sports betting and gambling platform. I see two killer opportunities that could lead to massive growth for the company.

Firstly, there is a sudden increase in online gambling and betting due to Covid-19. During the lockdown, casinos were closed, and sporting fixtures cancelled. When visiting the local betting shop was no longer an option, scores of people moved to online gambling and betting. Secondly, gambling is now legal in the United States for any state that wishes to legalise sports betting, allowing FTSE 100 constituent Flutter to expand its current market share rapidly.

As stated above, “crisis accelerate trends” and this is no different. If Flutter can capitalise those two opportunities, it will be able to generate superb returns. I would consider this FTSE 100 stock to be cheap right now when looking ahead to its potential market cap.

A Top Share with Enormous Growth Potential

Savvy investors like you won’t want to miss out on this timely opportunity…

Here’s your chance to discover exactly what has got our Motley Fool UK analyst all fired up about this ‘pure-play’ online business (yes, despite the pandemic!).

Not only does this company enjoy a dominant market-leading position…

But its capital-light, highly scalable business model has previously helped it deliver consistently high sales, astounding near-70% margins, and rising shareholder returns … in fact, in 2019 it returned a whopping £150m+ to shareholders in dividends and buybacks!

And here’s the really exciting part…

While COVID-19 may have thrown the company a curveball, management have acted swiftly to ensure this business is as well placed as it can be to ride out the current period of uncertainty… in fact, our analyst believes it should come roaring back to life, just as soon as normal economic activity resumes.

That’s why we think now could be the perfect time for you to start building your own stake in this exceptional business – especially given the shares look to be trading on a fairly undemanding valuation for the year to March 2021.

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Miles Williams does not own any shares in any of the shares mentioned. The Motley Fool UK owns shares of Flutter Entertainment. The Motley Fool UK has recommended Just Eat N.V. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.