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