Here are three stocks that are currently considered solid buys for investors as of October 24:
Top Buy-Ranked Stocks to Watch This October
Strong Performance from Okta, Inc.
Okta, Inc. (OKTA): Known for its identity verification services, Okta holds a Zacks Rank #1. Over the past two months, the Zacks Consensus Estimate for its earnings this year has risen by 8.8%.
Okta, Inc. Price and Consensus
Okta, Inc. price-consensus-chart | Okta, Inc. Quote
Okta’s PEG ratio stands at 1.23, significantly lower than the industry average of 2.80. The company also has a solid Growth Score of B.
Okta, Inc. PEG Ratio (TTM)
Okta, Inc. peg-ratio-ttm | Okta, Inc. Quote
Gap, Inc. Shows Encouraging Growth
The Gap, Inc. (GAP): This retailer also enjoys a Zacks Rank #1 and has seen its earnings estimate rise by 6.8% during the last two months.
The Gap, Inc. Price and Consensus
The Gap, Inc. price-consensus-chart | The Gap, Inc. Quote
The Gap’s PEG ratio is 1.24, which is again lower than the industry average of 2.22. The company carries a notable Growth Score of A.
The Gap, Inc. PEG Ratio (TTM)
The Gap, Inc. peg-ratio-ttm | The Gap, Inc. Quote
Chewy, Inc. Delivers Impressive Growth Projections
Chewy, Inc. (CHWY): This online pet supply retailer has seen an impressive 17.5% increase in its earnings estimates within the last 60 days.
Chewy Price and Consensus
Chewy price-consensus-chart | Chewy Quote
Chewy’s PEG ratio is relatively lower at 0.79, compared to the industry average of 2.04. The company also boasts a strong Growth Score of A.
Chewy PEG Ratio (TTM)
Chewy peg-ratio-ttm | Chewy Quote
For more investment ideas, see the full list of top-ranked stocks here.
To understand the Growth Score and its calculation, click here.
5 Stocks That Could Double Your Investment
These stocks were selected by a Zacks expert as favorites that could grow over 100% in 2024. While past picks have seen remarkable gains like +143.0%, +175.9%, +498.3%, and +673.0%, results can vary.
Many of the stocks highlighted in this report haven’t drawn much attention from Wall Street, presenting a unique opportunity for early investment.
Discover These 5 Potential Home Runs >>
The Gap, Inc. (GAP): Free Stock Analysis Report
Okta, Inc. (OKTA): Free Stock Analysis Report
Chewy (CHWY): Free Stock Analysis Report
For the original article on Zacks.com, click here.
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
