3 monster growth stocks that can be forwarded in 2021
With the fall in 2020, there is a growing perception that 2021 is going to be a growth year for the stock markets. The US elections have returned a divided government, which is unlikely to have broad majorities – or broad support – from right or left requiring comprehensive reform legislation, and this is generally good for the economy. COVID vaccines are entering the distribution, and while new anti-virus lockdowns are also in place, there is a feeling that the end of the epidemic may be near. According to the analyst community, some names reflect serious development plays. These are stocks that have already achieved impressive gains, and are set to continue the growth even after 2020. With this in mind, we used TipRank’s database to scan the street for tickers falling into this category. By locking in on three in particular, analysts believe that each name, which claims a “Strong By” consensus rating, could keep the rally alive in 2021. SunOpta (STKL) The first stock on this growth list is a health snack company, SunOpta. The company’s line of products includes plant-based beverages, fruit-based snacks, growth and stock, tees and sunflowers and roasted snacks. The company markets through private label and co-manufacturing distribution as well as food service institutions. SunOpta boasts a market cap of $ 962 million after a year of astonishingly increasing share price. The stock has gained 328% this year, far outstripping the general markets. The company’s Q3 revenue came in at $ 314.9 million, up 6.4% year-on-year profit. EPS, a net loss of 1 percent, was better than a loss of 2 percent – and better than a loss of 11 percent in the prior quarter. The company’s solid performance has attracted the attention of the Craig-Hallam analyst. Alex Fuhrman. Buy STKL with analyst $ 15 price target. This figure is in contrast to current levels of 40% a year. (To see Furman’s track record, click here) Supporting his stance, Furman wrote, “We believe the company’s focus should be on high-value plant-based foods and beverages , Because the premium valuation should be accompanied by opportunities to reverse estimates as COVIDs recur in the economy. “In large part, Fuhrman’s optimism is based on SunOpta’s niche. The analyst said,” We expect other food companies to command premium valuations, keeping in mind the rapid growth trends and compelling environmental benefits in the future Will go. At just $ 4.5B in sales today, plant-based products make up less than 1% of the $ 695B grocery market, but it is easy to represent a double-digit share of grocery sales over time. “Wall Street doesn’t always come together unanimously, but in this case, it does. SunOpta’s Strong Buy Analyst consensus rating is unanimous based on 3 Buy reviews. The stock is selling for $ 10.70, and with an average price target of $ 15, SunOpta has a 40% upside potential. (See STKL Stock Analysis on TipRank) Green Brick Partners (GRBK) The home construction industry has been a bright spot in the economy over the past year. As people moved out of cities to escape COVID, they headed for the suburbs and exurbs – and this fueled demand for single-family homes. Green Brick is a land development and home acquisition company based in Texas. The company invests in real estate, primarily land, and then provides plot and construction financing for development projects. The spread of the suburbs – not only in this COVID year, but as a general trend, has been good for Green Brick. The company’s Q3 revenue was $ 275.8 million, the best in over a year, beating forecasts by 20% and growing more than 31% year over year. EPS was also strong; The Q3 price, 68 cents, was 54% above expectations, and more than double the year-ago price. BRIC’s share price is rising, along with the company’s financial outlook. For the year, GRBK has gained 111%. In his coverage of the stock, JMP analyst Aaron Hatch said, “[We] GRBK hopes to capitalize on the trend of apartment renters moving to single-family homes for safety and to shift the mobility brought by telecoms to more workers. The most important platoon innings within the buyer pool are millennials who have come from the sidelines to buy homes, a trend that we believe has runway for many years. In the case of GRBK, the trend of Millennial demand has been enhanced, given its excluded exposures in markets such as Texas and Atlanta, which are net benefits of migrating out of high-priced coastal geographies. To this end, Hetch GRBK is an outperform (ie buy). ), And its target of $ 30 implies an upside of ~ 23% for the next 12 months. (To see Hecht’s track record, click here) While not unanimous, the Strong by Consensus rating on the Green Brick is decisive, with a 3 to 1 break of twenty vs. hold. The average price target of $ 27.5 gives 12.5% upside potential from the current share price of $ 24.45. (See GRBK Stock Analysis on TipRanks) Brightcove, Inc. (BCOV) Shifting gears in the software industry, we come to Brightcove, a Boston-based software company. Brightcove offers a range of video platform products including cloud-based hosting and social and interactive add-ons. The company is a leader in the distribution and demonetization of cloud-based online video solutions. The strength of such a business model, along with the large-scale shift of white-collar workers toward remote offices, telecomming and video conferencing during these epidemics, is evident. Brightcove’s earnings were 11 cents per share in Q3, almost double the quarter a year earlier. In the top line, revenue has remained steady, with between $ 46 million and $ 48 million per quarter in 2020, with no prudent COVID impact. Scars in Brightcove are making the move last winter after a short stab last year. The pace has picked up since the end of July, after the Q2 results were released, and the stock is now 103% for 2020. Common macro headwinds are turning into video niche tailwinds, as noted by Northland Capital Analyst Michael Latimore. “We believe a market tailwind, BCOV’s flagship tech platform, and strong sales execution are driving strong bookings. We believe Salesforce is at full productivity. BCOV will add more channel managers this year. Management has increased revenue retention. The focus is on process improvements to achieve rate stability, “the 5-Star analyst noted. Latimore rated the stock as an outperform (ie buy), and its $ 24 price target was 36 for the year. % Indicates confidence to be upside down. (To see Latimore’s track record, click here) Over the past 3 months, two other analysts have thrown a hat at the video tech company with a view. Two additional buy ratings give Brightcove a Strong buy offers a consensus rating. With an average price target of $ 20.17, investors stand to take a 14% gain should the target be met in the following months. (See BCOV stock analysis on TipRank) Growth at attractive valuations To find good ideas for stock trading, tipper Buy Bank’s Best Stocks, a newly launched tool that unites all of TipRank’s equity insights. Disclaimer: The opinions expressed in this article are only those of select analysts. Content is to be used for informational purposes only. It is very important to do your own analysis before making any investment.