Wells Fargo’s Growth List – META, CPAY, DXCM, and more

seekingalpha
2024-11-07

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Wells Fargo analysts published their “Growth List.”

These are companies – benchmarked against the Russell Midcap Growth Index (NYSEARCA:IWP) – that analysts believe have above-average growth potential.

“Our goal…is to find companies with favorable growth prospects; generating consistent profitability; and trading at a reasonable valuation,” analysts wrote.

The companies have a market value of at least $1.5B and annual revenue of at least $500M. They also must have the ability to generate at least a 5% compound annual growth rate in forward EPS over a multi-year period.

Here is the list:

Communication services

  • Electronic Arts (EA) – Consensus long-term EPS growth estimate: 14%
  • Meta Platforms (META) – Consensus long-term EPS growth estimate: 20%

Consumer discretionary

  • Academy Sports & Outdoors (ASO) – Consensus long-term EPS growth estimate: 6%
  • Airbnb (ABNB) – Consensus long-term EPS growth estimate: 16%
  • Amazon (AMZN) – Consensus long-term EPS growth estimate: 23%
  • Burlington Store (BURL) – Consensus long-term EPS growth estimate: 23%
  • Chipotle Mexican Grill (CMG) – Consensus long-term EPS growth estimate: 12%
  • NIKE (NKE) – Consensus long-term EPS growth estimate: 2%
  • O’Reilly Automotive (ORLY) – Consensus long-term EPS growth estimate: 12%
  • Planet Fitness (PLNT) – Consensus long-term EPS growth estimate: 12%
  • Tesla (TSLA) – Consensus long-term EPS growth estimate: 9%

Financials

  • Corpay (CPAY) – Consensus long-term EPS growth estimate: 15%
  • Intercontinental Exchange (ICE) – Consensus long-term EPS growth estimate: 10%
  • Block (SQ) – Consensus long-term EPS growth estimate: 36%
  • Visa (V) – Consensus long-term EPS growth estimate: 13%

Health care

  • Danaher (DHR) – Consensus long-term EPS growth estimate: 2%
  • DexCom (DXCM) – Consensus long-term EPS growth estimate: 30%
  • Illumina (ILMN) – Consensus long-term EPS growth estimate: 54%
  • Penumbra (PEN) – Consensus long-term EPS growth estimate: 19%
  • Zoetis (ZTS) – Consensus long-term EPS growth estimate: 10%

Industrials

  • GXO Logistics (GXO) – Consensus long-term EPS growth estimate: 13%
  • Paycom Software (PAYC) – Consensus long-term EPS growth estimate: 11%
  • Trex Co. (TREX) – Consensus long-term EPS growth estimate: 11%
  • Uber Technologies (UBER) – Consensus long-term EPS growth estimate: 38%

Information technology

  • CrowdStrike Holdings (CRWD) – Consensus long-term EPS growth estimate: 32%
  • Keysight Technologies (KEYS) – Consensus long-term EPS growth estimate: -
  • Nvidia (NVDA) – Consensus long-term EPS growth estimate: 30%
  • Salesforce (CRM) – Consensus long-term EPS growth estimate: 18%
  • ServiceNow (NOW) – Consensus long-term EPS growth estimate: 31%
  • Workday (WDAY) – Consensus long-term EPS growth estimate: 21%

Materials

  • Ecolab (ECL) – Consensus long-term EPS growth estimate: 15%

Real estate

  • SBA Communications (SBAC) – Consensus long-term EPS growth estimate: 16%

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