Wells Fargo’s Growth List – META, CPAY, DXCM, and more
seekingalpha
07 Nov 2024
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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%
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