HomeMost PopularTech StocksTop Growth Stocks for Savvy Investors: October 17th Picks

Top Growth Stocks for Savvy Investors: October 17th Picks

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Looking for stocks with strong growth potential? We’ve handpicked three top growth stocks for you to consider. Let’s dive in:

Lamb Weston Holdings, Inc. (LW)

Lamb Weston Holdings is a leading producer of value-added frozen potato products. With a Zacks Rank #1, this company has been experiencing a 9.4% increase in its Zacks Consensus Estimate for current year earnings over the past 60 days. This signals positive growth potential.

Is Lamb Weston a Good Buy?

Lamb Weston Holdings’ PEG ratio of 1.10 is lower than the industry average of 1.97, indicating its attractive valuation. The company also boasts a Growth Score of B, showing strong growth prospects.

Chart Industries, Inc. (GTLS)

Chart Industries is a manufacturer of cryogenic equipment. With a Zacks Rank #1, it has seen a 1% increase in its Zacks Consensus Estimate for current year earnings over the last 60 days.

Why Invest in Chart Industries?

Chart Industries has a PEG ratio of 0.56, which is significantly lower than the industry average of 1.75. This suggests that the stock is undervalued. Additionally, the company holds a Growth Score of B, indicating solid growth potential.

Nissan Motor Co., Ltd. (NSANY)

Nissan Motor Co. is a well-known automobile company. With a Zacks Rank #1, it has witnessed a 1.5% increase in its Zacks Consensus Estimate for current year earnings over the past 60 days.

Should You Consider Investing in Nissan?

Nissan has a PEG ratio of 0.23, which is lower than the industry average of 0.26. This implies that the stock is undervalued. Moreover, it boasts a Growth Score of A, indicating excellent growth potential.

Conclusion

These top growth stocks offer promising opportunities for investors. As always, it’s important to conduct thorough research and consider your investment goals before making any decisions.

If you’re interested in exploring more top-ranked stocks, check out our full list here.

Learn More About Growth Investing

Want to understand more about the Growth Score and how it’s calculated? Click here for a deep dive.

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Nissan Motor Co. (NSANY) : Free Stock Analysis Report

Chart Industries, Inc. (GTLS) : Free Stock Analysis Report

Lamb Weston (LW) : Free Stock Analysis Report

Read the full article on Zacks.com

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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