Expensive stocks typically earn their valuations through superior growth rates that other companies simply can’t match. The flip side though is that these lofty expectations make them particularly susceptible to drawdowns when market sentiment shifts.

Finding the right balance between price and quality can challenge even the most skilled investors. Luckily for you, we started StockStory to help you identify the real opportunities. That said, here is one high-flying stock to hold for the long term and two with big downside risk.

Two High-Flying Stocks to Sell:

Viasat (VSAT)

Forward P/E Ratio: 239.1x

Operating a fleet of 23 satellites that orbit the Earth and beam connectivity from space, Viasat (NASDAQ: VSAT) provides satellite-based communications networks and services for airlines, maritime vessels, governments, businesses, and residential customers worldwide.

Why Does VSAT Worry Us?

1. 4.1% annual revenue growth over the last two years was slower than its business services peers
2. Earnings per share fell by 3.2% annually over the last five years while its revenue grew, partly because it diluted shareholders
3. Negative free cash flow raises questions about the return timeline for its investments

Viasat’s stock price of $70.51 implies a valuation ratio of 239.1x forward P/E. Dive into our free research report to see why there are better opportunities than VSAT.

Golar LNG (GLNG)

Forward P/E Ratio: 432.7x

Pioneering a way to monetize stranded gas reserves that would otherwise be uneconomical to develop, Golar LNG (NASDAQ: GLNG) converts ships into floating liquefied natural gas facilities that liquefy natural gas at offshore sites.

Why Are We Cautious About GLNG?

1. Annual revenue growth of 2.8% over the last five years was below our standards for the energy upstream and integrated energy sector
2. Cash-burning history makes us doubt the long-term viability of its business model
3. Short cash runway increases the probability of a capital raise that dilutes existing shareholders

At $47.61 per share, Golar LNG trades at 432.7x forward P/E. To fully understand why you should be careful with GLNG, check out our full research report (it’s free).

One High-Flying Stock to Buy:

Graham Corporation (GHM)

Forward P/E Ratio: 54.1x

Founded when its founder patented a unique design for a vacuum system used in the sugar refining process, Graham (NYSE: GHM) provides vacuum and heat transfer equipment for the energy, petrochemical, refining, and chemical sectors.

Why Are We Bullish on GHM?

1. Market share has increased this cycle as its 20.3% annual revenue growth over the last five years was exceptional
2. Operating profits increased over the last five years as the company gained some leverage on its fixed costs and became more efficient
3. Additional sales over the last two years increased its profitability as the 31.5% annual growth in its earnings per share outpaced its revenue

Graham Corporation is trading at $88.31 per share, or 54.1x forward P/E. Is now the time to initiate a position? See for yourself in our full research report, it’s free.

High-Quality Stocks for All Market Conditions

ALSO WORTH WATCHING: Top 5 Momentum Stocks. The best time to own a great stock is when the market is finally noticing it. These aren’t just high-quality businesses. Something is happening with them right now. Elite fundamentals meet near-term momentum — both boxes checked at the same time.

Find out which stocks our AI platform is flagging this week. See this week’s Strong Momentum stocks — FREE. Get Our Strong Momentum Stocks for Free HERE.

Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,460% between June 2020 and June 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,552% between June 2020 and June 2025). Find your next big winner with StockStory today.