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

seekingalpha
07 Nov 2024

da-kuk

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%

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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