Gearing up for a robust 2024, the market is abuzz with five new entrants to the esteemed Zacks Rank #1 (Strong Buy) List. These companies have demonstrated the mettle to elicit the confidence of seasoned investors and neophytes alike. Let’s dive into their profiles and the compelling reasons behind their meteoric rise.
Global Water Resources, Inc. GWRS:
Riding the waves of success, this company, which manages regulated water, wastewater, and recycled water utilities, has witnessed a remarkable 7.4% surge in the Zacks Consensus Estimate for its current year earnings over the last 60 days.
Global Water Resources, Inc. price-consensus-chart | Global Water Resources, Inc. Quote
Sarepta Therapeutics, Inc. SRPT:
This clinical-stage biopharmaceutical company has witnessed an impressive 14.6% uptick in the Zacks Consensus Estimate for its current year earnings over the last 60 days, signaling a bright future ahead.
Sarepta Therapeutics, Inc. price-consensus-chart | Sarepta Therapeutics, Inc. Quote
Avalo Therapeutics, Inc. AVTX:
Amidst the milieu of rising stars, this clinical-stage biotechnology company takes center stage, with an astounding 90.3% surge in the Zacks Consensus Estimate for its current year earnings over the last 60 days, beckoning forth a promising trajectory.
Avalo Therapeutics, Inc. price-consensus-chart | Avalo Therapeutics, Inc. Quote
NETGEAR, Inc. NTGR:
This stalwart in the realm of computer networking has witnessed a stellar 43.8% rise in the Zacks Consensus Estimate for its current year earnings in the last 60 days, underlining its firm foothold in the competitive landscape.
NETGEAR, Inc. price-consensus-chart | NETGEAR, Inc. Quote
Paymentus Holdings, Inc. PAY:
Unveiling itself as a formidable player, this bill payment technology company has soared with a remarkable 50% surge in the Zacks Consensus Estimate for its current year earnings over the last 60 days, painting a compelling narrative for potential investors.
Paymentus Holdings, Inc. price-consensus-chart | Paymentus Holdings, Inc. Quote
Envisioning untapped potentials? Explore the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Zacks Names #1 Semiconductor Stock
Ever witnessed a speck gradually evolve into a giant oak? That’s the uncanny transformation typical of the semiconductor industry. While NVIDIA, towering like a colossus after an astounding surge of more than +800%, remains a stalwart, a new entrant has emerged, displaying the hallmarks of a nascent giant. This chip stock, merely 1/9,000th the size of NVIDIA, is poised to soar further and faster—emblematic of a budding powerhouse.
Anchored by robust earnings growth and an expanding customer base, this stock is poised to capitalize on the ravenous demand for Artificial Intelligence, Machine Learning, and Internet of Things. The global semiconductor manufacturing landscape is set to burgeon from $452 billion in 2021 to a goliath $803 billion by 2028, paving the way for unprecedented growth.
Ideas and opinions presented here are solely those of the author and not representative of Nasdaq, Inc.