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TipRanks
3 Monster growth stocks that could reach new heights
Investors have a clear job to do: find stocks that will rise as a bull market approaches. Past performance, of course, is no guarantee of future gains, but stocks that have grown rapidly in recent months are a logical place to start looking for the winners of tomorrow. There are concerns, of course, centered on the newly Democrat-controlled US Senate that will give the new Biden administration a chance to implement its tax hike plan, and December’s weak jobs numbers; will they combine to derail the strong upward trend in the market? Not so fast, according to Jonathan Golub of Credit Suisse. The company’s chief U.S. equities strategist raised his outlook for the end of 2021 from 4,050 to 4,200. Golub points out, first, that Democratic candidates won both seats in the Georgian Senate in of the recent second ballot, a development which gives the Dems effective control – albeit within the narrowest possible margins – of both houses of Congress. The new Biden administration has pledged to both sign an oversized COVID relief package and reverse President Trump’s policies. Control of Congress is a necessary precondition. Golub said: “This should lead to additional stimulus, including the expansion of payments to individuals.” The second point that Golub notes as a major supporting event for the markets is the COVID vaccination program. While calling the slow progress of the program “disappointing,” he adds that as the population of people vaccinated increases, economic activity will increase. The main economic effect of foreclosure policies, according to Golub, is “a likely avalanche of pent-up consumer demand. [which] cannot be ignored. Describing this request, Golub says, “We are going to have the biggest stimulating event in the history of the planet in the second half of this year …” The strategist now sees – before the second half takes off – as the to buy . And that brings us back to growth stocks. We used the TipRanks database to identify three exciting growth names, according to the analyst community. Each ticker backed by analysts is expected to post more gains on top of its already impressive growth. Innovative Industrial Properties (IIPR) The increasing standardization of the cannabis industry in the United States has opened up a range of opportunities for forward-looking companies. Innovative industrial properties are one of them. This company is a real estate investment trust with a twist – it focuses on properties in the medical cannabis sector. Like most REITs, IIPR acquires, owns, manages and leases properties – but its target clientele is composed of experienced, state-licensed medical cannabis operators. The company’s portfolio is made up of industrial greenhouses, leased as grow facilities for medical cannabis suppliers. The value of this niche is evident from the performance of stocks. The IIPR’s shares have risen 137% in the past 52 weeks. Financial performance equaled stock performance; Revenue has grown steadily, quarter over quarter, for the past two years, and in 3Q20, the latest reported, hit $ 34.33 million. That was a 197% gain year over year. There was a slight dip in earnings in Q1 and Q2 of 2020, at the height of the corona panic, but the company’s third-quarter EPS reversed that, and the 86-cent impression rose 59 % year-on-year. the cannabis industry, especially now that the Senate has come under democratic control. “COVID has created its own tailwind as states attempt to fill budget gaps with alternative tax sources. While this may lead to more liberal licensing, management seems confident that most states will opt for a limited licensing program and favor existing operators – a big boost for the IIPR … in the acquisitions, “Santos noted. Santos assigns the IIPR an overweight (i.e. a buy), and its price target of $ 250 implies a 40% hike for the next 12 months. (To see Santos history, click here) Recent reviews recorded, rising to 5 buys and 2 takes, giving the stock a consensus analyst rating Moderate Buy. Shares have appreciated rapidly recently and are now trading at 178.44 $. (See IIRP stock market analysis on TipRanks) By Technology Corporation (PAR) By Technology provides support in the hospitality industry, by making available software, hardware, support services and other resources PAR applications c include point-of-sale software, content management, business intelligence, security surveillance, point-of-sale terminals and video monitors. PAR’s restaurant segment is present in 110 countries, with more than 100,000 user installations. The company also includes a government services segment, which provides computer engineering and systems design services to the federal government. PAR is a major provider of these services along with the Department of Defense. The growth of this business has been impressive over the past year. The 52-week gain is 103%, reflecting the need for strong online support for PAR’s target customers as it struggles to recover from the COVID slowdown. Q3 2020 revenue recovered from a slight decline in the first half of the year, and at $ 54.8 million it hit a two-year high. Fans include analyst BTIG Mark Palmer, who wrote: will grow by around 20% in each of the next three years, we expect his Brink software business to show annual growth against the backdrop of 40% during this period… As PAR runs its transition to a cloud / SaaS software mode, its valuation should increase to better reflect the recurring nature of its subscription revenues and the margins associated with its software offers. In line with what he said, the 5-star analyst rates PAR a Buy with a target price of $ 80. This figure indicates his confidence in a 29% increase over one year in the title. (To see Palmer’s background, click here) PAR has strong support from the rest of the street. With the exception of one Hold, the other 4 analysts who published a review in the last 3 months recommend the PAR stock as a Buy. (See PAR market analysis on TipRanks) Maxlinear, Inc. (MXL) The semiconductor industry is a vital industry, and Maxlinear produces chips for a variety of roles: wireless and data center infrastructure, industrial connectivity and IoT applications, wired broadband and WiFi 6 networking. Maxlinear’s products can be found in digital televisions, mobile devices, PCs and netbooks. Semiconductors have been torn apart in recent months and MXL stock is no exception. Stocks are up 81% since that date last January, and that period includes big losses in February and March. The shift to remote work and virtual schools has placed an emphasis on fast and reliable connections, which has increased the demand for the underlying chipsets. In 3Q20, Maxlinear’s revenue grew to $ 156 million, a sequential gain of 140% and a gain of 95% year-over-year. The company believes stronger demand for broadband and connectivity products starting in 2Q20 is driving the gains, and 5-star analyst Suji DeSilva at Roth Capital is downright bullish on the stock, and his commentary shows it clearly. “We believe MXL represents a differentiated investment opportunity in broadband RF and networking and mixed signal opportunities. We believe MXL sees continued strong demand for connected homes driven by the ongoing distance work / learning. We expect MXL fundamentals to benefit from the accretion of acquisitions during CY21, ”said DeSilva. DeSilva places a target price of $ 50 and a buy rating on MXL shares. Its target suggests a one-year increase of 34%. (To look at DeSilva’s track record, click here) Overall, word on the street is ringing broadly bullish on this chipmaker, with TipRanks analyzes showing MXL as a moderate buy. The stock has 7 saved reviews, with a 5-2 split between buy and take. (See MXL Stock Analysis on TipRanks) To get great ideas for growth stocks that trade at attractive valuations, visit Top Stocks to Buy from TipRanks, a newly launched tool that pulls together all information about stocks by TipRanks. only those of featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
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