On November 22, investors may want to consider three stocks with strong buy rankings and notable growth potential.
Three Top Growth Stocks to Buy Right Now
Dropbox, Inc.: A Strong Player in Content Collaboration
Dropbox, Inc. (DBX) holds a Zacks Rank #1, indicating strong performance. The Zacks Consensus Estimate for its current year earnings has increased by 7.7% in the past 60 days.
Dropbox, Inc. Price and Consensus
Dropbox, Inc. price-consensus-chart | Dropbox, Inc. Quote
With a PEG ratio of 0.94, Dropbox outshines the industry average of 1.88, and has achieved a Growth Score of B.
International Consolidated Airlines Group: Benefiting from Industry Recovery
International Consolidated Airlines Group S.A. (ICAGY) also carries a Zacks Rank #1. Its earnings estimate for the current year has increased by 5.9% over the last two months.
International Consolidated Airlines Group SA Price and Consensus
International Consolidated Airlines Group SA price-consensus-chart | International Consolidated Airlines Group SA Quote
With a PEG ratio of 0.72, the company stands favorably against the industry’s average of 1.31 and holds a Growth Score of A.
Ingredion Incorporated: Consistent Growth in Ingredients Sector
Ingredion Incorporated (INGR), another Zacks Rank #1, has seen its earnings estimate for next year rise by 6.5% in the past 60 days.
Ingredion Incorporated Price and Consensus
Ingredion Incorporated price-consensus-chart | Ingredion Incorporated Quote
Ingredion’s PEG ratio is 1.22, compared to the industry average of 2.22, and it possesses a Growth Score of A.
Historical Context and Analysis Summary
As these companies improve their earnings estimates, their favorable PEG ratios and growth scores suggest they are well-positioned for future growth. Historically, stocks that show positive earnings estimate revisions tend to outperform the market, making these companies worth watching.
Find More Potential Market Winners
For investors interested in discovering more promising stocks, there is a list of five stocks that experts believe can double in value in 2024. While not all recommendations succeed, past predictions have seen significant increases of over 600%.
Consider checking this list for opportunities that might be flying under the radar.
Want the latest from Zacks Investment Research? You can download their report on the “5 Stocks Set to Double” for free.
Ingredion Incorporated (INGR): Free Stock Analysis Report
International Consolidated Airlines Group SA (ICAGY): Free Stock Analysis Report
Dropbox, Inc. (DBX): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are those of the author and do not necessarily reflect the opinions of Nasdaq, Inc.