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The Growth Trio: Analyzing Uber Technologies, Meta Platforms, and Salesforce for Investment Opportunities

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Unveiling Growth Potential

Embarking on the journey of growth investing is akin to setting sail on an optimistic sea, searching for companies destined to sprout their earnings and revenues at an accelerated pace. This voyage often leads to unparalleled share outperformance, a trend observed over historical market gyrations.

These companies breathe life into the business world, embracing innovation and expansion with gusto. For those eyeing a triumvirate of robust growth stocks, Uber Technologies UBER, Meta Platforms META, and Salesforce CRM stand as pillars of strength and potential.

Below stands a visual representation of their performance over the bygone year, juxtaposed against the S&P 500 as the North Star.

Zacks Investment Research Chart
Image Source: Zacks Investment Research

Now, let’s dive into the depths of each of these captivating entities.

Uber Technologies

In a breathtaking display of resilience, Uber presented a glorious set of quarterly results that set the market abuzz. Basking in the warmth of better-than-expected numbers, the stock soared post-earnings. Surpassing the Zacks Consensus EPS estimate by a staggering 300% and securing sales 2% above expectations, Uber showcased a phenomenal year-over-year growth of 127% in earnings and 15% in revenues.

Displayed below is a captivating chart illustrating the company’s quarterly revenue.

Zacks Investment Research Chart
Image Source: Zacks Investment Research

Analysts have choreographed a symphony of upward revisions in earnings forecasts, propelling the stock to a commendable Zacks Rank #2 (Buy). Positioned as a premier choice for growth enthusiasts, Uber is primed to witness a 33% surge in earnings accompanied by a 16% uptick in sales in the current fiscal year.

Zacks Investment Research Chart
Image Source: Zacks Investment Research

Dazzlingly, UBER has flaunted double-digit year-over-year sales growth in its past ten appearances, garnished with a majestic Style Score of β€˜A’ for Growth.

Meta Platforms

The saga of Meta Platforms unfolds with a riveting narrative of staggering growth, reflected in its shares spiraling nearly 170% in the past year, steered by robust quarterly performances. Nestled comfortably as a Zacks Rank #1 (Strong Buy), Meta Platforms stands adorned with soaring earnings expectations.

Zacks Investment Research Chart
Image Source: Zacks Investment Research

The consensus whispers allude to a glorious 34% uptick in earnings and an 18% hike in revenues for the current year, with FY25 beckoning a regal area of growth with a 16% surge in earnings and a 13% rise in revenues. Adorned with a Style Score of β€˜A’ for Growth, Meta Platforms is a gem in the current market milieu.

Zacks Investment Research Chart
Image Source: Zacks Investment Research

A further feather in its cap, Meta Platforms sits humbly in the realm of justifiable valuation metrics, with a forward earnings multiple of 25.2X, whispering tales of prudence in comparison to the extravagant five-year highs of 37.1X and the Zacks Internet Software industry average of 39.2X.

Salesforce

Swirling in a whirlwind of growth tales, Salesforce emerges as the preeminent purveyor of on-demand Customer Relationship Management (CRM) software. Basking in the afterglow of consecutive earnings success, the stock stands adorned as a Zacks Rank #2 (Buy).

The melodious harmonies of earnings forecasts for its current fiscal year have crescendoed steadily over the past year, with the Zacks Consensus EPS estimate of $9.54 sashaying up by 8%, promising a resplendent year-over-year growth of 16%.

Zacks Investment Research Chart
Image Source: Zacks Investment Research

A notable milestone is Salesforce’s tango to all-time highs, marking a triumphant daily close on March 1st. Stocks that scale new altitudes often continue their upward trajectory, especially in the presence of favorable earnings estimate revisions.

Zacks Investment Research Chart
Image Source: Zacks Investment Research

The Finale

Exemplary sales and earnings growth serve as the harbingers of share outperformance, a melody sweeter than the market hum. The trifecta of Uber Technologies UBER, Meta Platforms META, and Salesforce CRM not only promises growth but captures the essence of potential.

For those on the lookout for companies radiating optimism, these three torchbearers – Uber Technologies UBER, Meta Platforms META, and Salesforce CRM – stand as beacons illuminating the path to investment prosperity.

In addition to their unassailable growth narratives, all three entities proudly brandish a favorable Zacks Rank, igniting the flames of bullish sentiment.

Zacks Names β€œSingle Best Pick to Double”

From a bustling parade of stocks, 5 Zacks luminaries have unmasked their hidden gems, each gleaming with the promise of soaring +100% or perhaps more in the forthcoming months. Among this celestial quintet, Director of Research Sheraz Mian plucks the plumβ€” a scarcely-known chemical entity that has surged by 65% in the last cycle, still whispering bargains. With an insatiable appetite from the market, propelling 2022 earnings forecasts to the skies, and $1.5 billion earmarked for share repurchases, retail investors gaze longingly at the gates of opportunity.

This celestial contender could potentially outshine or eclipse recent Zacks’ celestial phenomena like Boston Beer Company, darting up +143.0% in a mere 9 moons, and NVIDIA which unfurled a +175.9% grandeur within one annual cycle.

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Salesforce Inc. (CRM) : The Vault of Free Stock Analysis Report

Uber Technologies, Inc. (UBER) : The Treasury of Free Stock Analysis Report

Meta Platforms, Inc. (META) : The Repository of Free Stock Analysis Report

To uncover more mysteries on Zacks.com, venture further by clicking here.

Zacks Investment Research

The perspectives and insights presented herein reflect the author’s viewpoints and do not necessarily mirror those of Nasdaq, Inc.

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