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Top 10 Best Growth Stocks to Buy Now
A growth stock is a type of equity security representing a company expected to grow at an above-average rate relative to the broader market. These stocks typically exhibit strong revenue and earnings growth potential, often driven by innovative products or services, expanding market opportunities, and effective management strategies.
Investors seek growth stocks for their potential to deliver substantial capital appreciation over time, although they often carry higher volatility and risk compared to more established companies.
Regarding List of Top 10 Best Stocks to Buy Now, here are top 10 best growth stocks to buy now by Top10 Question.
- Berkshire Hathaway
- Experian
- Waters
- Cheniere Energy
- Microsoft
- Rentokil Initial
- AstraZeneca
- Tyler Technologies
- Coloplast
- Airbus
Berkshire Hathaway
Berkshire Hathaway, listed among our top long-term growth picks, has maintained profitability over the past decade. Despite challenges in a low-interest-rate environment, the company is actively managing cash flow through equity and hybrid investments.
In Berkshire’s resilience prepares for potential leadership changes, believing that the passing of Charlie Munger or Warren Buffett’s eventual departure won’t significantly affect its trajectory. Currently, Berkshire Hathaway’s Class B shares are trading close to our estimated fair value of $400.
| Industry | Fair Value | Uncertainty Rating | Style Box | Capital Allocation Rating |
| Insurance Diversified | 1.01 | Low | Large Growth | Exemplary |
Experian
Experian, a top consumer lending firm, grapples with challenges from a sluggish macroeconomic landscape and stricter credit criteria. Its growth strategy encompasses diverse avenues, pursuing both organic and inorganic opportunities.
Some analysts a anticipates mid-to-high single-digit revenue growth and margin expansion over the next five years. Experian’s shares are currently trading close to our fair value estimate of $42.
| Industry | Fair Value | Uncertainty Rating | Style Box | Capital Allocation Rating |
| Consulting Services | 1.01 | Medium | Large Growth | Standard |
Waters
Diagnostics and research company Waters has had a challenging year, reflecting broader struggles in the life sciences sector. Equity analyst Julie Utterback acknowledges that the company’s 2024 guidance appears weaker than anticipated.
Despite this, confidence in its long-term prospects remains. Waters anticipates modest revenue growth of 0% to 2% in 2024, with competition from China posing a hurdle.
However, there’s optimism that Waters can eventually achieve double-digit earnings growth as it solidifies its presence in key business segments. Currently, Waters shares are trading near our fair value estimate of $323.
| Industry | Fair Value | Uncertainty Rating | Style Box | Capital Allocation Rating |
| Diagnostics and Research | 1.00 | Medium | Mid-Growth | Exemplary |
Cheniere Energy
Natural gas provider Cheniere is well positioned to be the exporter of the incremental liquefied natural gas supplied to the global market over the next few years, particularly with increasing demand from China, according to strategists.
While the Biden administration recently announced a moratorium on all new LNG project approvals, we believe this delay effectively enhances the value of Cheniere’s existing facilities, enabling it to capitalize on any short-term volatility in LNG prices.
Under Cheniere’s new capital allocation plan, the company has a heightened commitment to dividends with 10% annual increases through 2026. We estimate Cheniere Energy stock is valued at $161 per share.
| Industry | Fair Value | Uncertainty Rating | Style Box | Capital Allocation Rating |
| Oil and Gas Midstream | 0.99 | Medium | Mid-Growth | Standard |
Microsoft
Microsoft is one of two major cloud providers capable of delivering a wide range of platform-as-a-service/infrastructure-as-a-service solutions at scale. The company has also emerged as a leader in artificial intelligence, thanks to its investment in OpenAI.
Azure is at the core of the new Microsoft. Despite already being a $58 billion business, it grew at a remarkable 30% rate in fiscal 2023.
With its strong balance sheet, growing revenue, and high and expanding margins, Microsoft enjoys a position of significant financial strength. Currently, Microsoft stock is undervalued by 3% compared to our $420 fair value estimate.
| Industry | Fair Value | Uncertainty Rating | Style Box | Capital Allocation Rating |
| Software Infrastructure | 0.95 | Medium | Large Growth | Exemplary |
Rentokil Initial
Rentokil Beginning, which tops our list of best growth stocks to buy this month, is the world’s largest commercial pest-control business, boasting leading market shares in the vast majority of the 87 countries in which it operates. This has been achieved in large part through vigorous tuck-in acquisition activity aimed at reaping cost efficiencies.
Rentokil’s balance sheet remains in decent shape, and we expect leverage to return safely within its preferred range by the end of 2024, as Rentokil aims to maintain an investment-grade credit rating. Rentokil Initial’s stock is 26% undervalued relative to our $36 fair value estimate.
| Industry | Fair Value | Uncertainty Rating | Style Box | Capital Allocation Rating |
| Specialty Business Services | 0.74 | Medium | Mid-Growth | Examplary |
AstraZeneca
The only drugmaker on our list of the best growth stocks to buy for the long term, AstraZeneca maintains one of the strongest pipelines in the drug group, and the company has several key products in development that hold blockbuster potential.
As high-margin specialty drugs continue to represent a larger proportion of sales, profit margins should expand over the next five years, he adds. AstraZeneca stock is trading 19% below our $78 fair value estimate.
| Industry | Fair Value | Uncertainty Rating | Style Box | Capital Allocation Rating |
| Drug Manufacturers General | 0.81 | Medium | Large Growth | Exemplary |
Tyler Technologies
Tyler Innovations is the clear pioneer within the underserved specialty advertise of government operational program. There’s a decadelong runway to development at Tyler, as the thrust for neighborhood governments to modernize their bequest endeavor asset arranging frameworks intensifies.
Tyler’s extending portfolio as driving bigger bargains that include more arrangements: It presently has built up enough of a notoriety within the legislative showcase that it is called upon in most important government framework looks. This mid-cap development stock exchanges 9% underneath our $485 reasonable esteem assess.
| Industry | Fair Value | Uncertainty Rating | Style Box | Capital Allocation Rating |
| Software Application | 0.91 | Medium | Mid-Growth | Standard |
Coloplast
Coloplast stock is 8% underestimated relative to our reasonable esteem appraise of $14.10. Based in Denmark, Coloplast may be a pioneer in global ostomy and self-control care. The firm features a long record of steady and significant advancement that has driven to a overwhelming position in Europe.
Share costs fell when Coloplast administration decreased its financial 2024 viewpoint owing to a littler anticipated working edge. According to Top10 Question, it anticipates its authentic benchmark of 30% in fiscal-year 2026.
| Industry | Fair Value | Uncertainty Rating | Style Box | Capital Allocation Rating |
| Medical Instruments and Supplies | 0.92 | Medium | Large Growth | Exemplary |
Airbus
Airbus, which is currently 8% underestimated relative to our reasonable esteem gauge, fundamentally produces income by fabricating commercial air ship.
It benefits monstrously from being in a duopoly with Boeing BA within the advertise for airplane 130 seats and up; the companies act as a pipe through which essentially all such commercial flying machine request must stream. Airbus stock is worth $44 per share.
| Industry | Fair Value | Uncertainty Rating | Style Box | Capital Allocation Rating |
| Aerospace and Defense | 0.92 | Medium | Large Growth | Examplry |
Best Stocks to Invest in 2024
In the topic of List of Top 10 Best Stocks to Buy Now, here are a few best stocks to invest in 2024 from different sources:
- Alphabet, Inc. (GOOG, GOOGL): Alphabet, the parent company of Google, continues to be a solid performer. With its diverse portfolio of businesses, including search, advertising, and cloud services, Alphabet remains a strong investment option.
- Discover Financial Services (DFS): Discover is a well-established credit card issuer and financial services company. It has shown resilience even amid challenging economic times.
- Walt Disney Co. (DIS): Disney’s streaming services, theme parks, and content production make it an attractive investment. The company’s strong brand and diversified revenue streams contribute to its appeal.
- PDD Holdings Inc. (PDD): Pinduoduo, a Chinese e-commerce platform, has been growing rapidly. Its focus on social commerce and innovative business model makes it an intriguing choice for investors.
- Occidental Petroleum Corp. (OXY): Occidental Petroleum is a major oil and gas company. As the global economy recovers, energy stocks like OXY may benefit.
- Match Group Inc. (MTCH): Match Group operates popular dating apps like Tinder and Hinge. The online dating industry continues to grow, making Match Group an appealing investment.
- Grupo Aeroportuario del Sureste SAB de CV (ASR): ASUR manages airports in Mexico and has seen steady growth. As travel resumes, airport operators may see increased traffic.
- Target Corp. (TGT): Target, a retail giant, has adapted well to the changing retail landscape. Its strong online presence and focus on customer experience position it favorably.
The Cheap Stocks to Buy Today
In the topic List of Top 10 Best Stocks to Buy Now, here are the cheap stocks to buy today:
- Sirius XM Holdings Inc. (SIRI): Sirius XM could be a satellite radio company that gives music, news, and excitement substance to supporters. It includes a solid showcase nearness and steady income streams.
- Fortuna Silver Mines Inc. (FSM): Fortuna Silver Mines may be a valuable metals mining company with operations in Latin America. It centers on silver and gold generation and has appeared development potential.
- Up Fintech Holding Ltd. (TIGR): Up Fintech, too known as Tiger Brokers, may be a Chinese online brokerage stage. It has been extending its client base and administrations, making it a curiously stock to watch.
- W&T Seaward Inc. (WTI): W&T Seaward is a free oil and characteristic gas investigation company. It works within the Inlet of Mexico and has been working on making strides its financials.
- Enel Chile SA (ENIC): Enel Chile is an electric utility company based in Chile. It produces and disseminates power, and its stock cost has been moderately moo, making it a potential esteem play.
- Rocket Lab USA Inc. (RKLB): Rocket Lab may be a space innovation company that specializes in propelling little satellites. It recently went open through a SPAC merger and has energizing development prospects.
- B2Gold Corp. (BTG): B2Gold could be a gold mining company with operations in a few nations. The cost of gold can affect its stock execution, so keep an eye on gold prices.
- Payoneer Worldwide Inc. (PAYO): Payoneer could be a fintech company that gives cross-border installment arrangements. It has been developing consistently and might advantage from the worldwide move toward computerized payments.
- Telefonica SA (TEF): Telefonica may be a Spanish broadcast communications company. Whereas it faces challenges in a competitive industry, its profit surrender and potential turnaround make it curiously for esteem investors.
- Nokia Corp. (NOK): Nokia could be a well-known broadcast communications and innovation company. It has been working on 5G foundation and other advancements, which might drive future growth.
Queries Top 10 Best Stocks to Buy Now
- What are the top 10 stocks to buy right now?
- Berkshire Hathaway
- Experian
- Waters
- Cheniere Energy
- Microsoft
- Rentokil Initial
- AstraZeneca
- Tyler Technologies
- Coloplast
- Airbus
- Which stock will double in 1 month?
It’s impossible to reliably predict which stock will double in one month.
- Which stocks are expected to rise?
Stocks with strong fundamentals, positive earnings outlook, and favorable industry trends are expected to rise, but specific predictions can vary based on market conditions and individual stock performance. Conduct thorough research and consider diversifying your portfolio for potential growth opportunities.
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