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3 Monster Growth Stocks that could charge further in 2021
With 2020 coming down, there is a growing belief that 2021 will be a year of growth for stock markets. U.S. Elections have returned to a divided government, one of which is unlikely to have a large or majority of support, which requires the enactment of comprehensive reform laws from right or left, and is generally good for the economy. There are COVID vaccines. As the distribution enters, and a new anti-virus lockdown is also being arranged on site, there is a feeling that the end of the epidemic may be near. According to the analyst community, few names reflect serious development plays. These are stocks that have made impressive gains year-over-year, and are poised to see growth continue even after 2020 wraps up. With this in mind, we used Tiparenx’s database to do a street scan for tickers that fall into this category. Entering the top three in particular, analysts believe that every name, even for the “Strong Buy” consensus rating, could keep the boom alive in 2021. SunOpta (STKL) The first stock on this growth list is a health snack company, SunOpta. The company’s product line includes plant-based beverages, fruit-based snacks, broths and stocks, tea and sunflower and grilled snacks. The company markets through private label and co-product distribution as well as through food service organizations. Sunapta has a market cap of $ 962 million a year after a year of spectacular share price growth. This year’s share has been an impressive 328% this year, well ahead of the general markets. The company’s Q3 revenue reached 4 314.9 million, a 6.4% year-over-year profit. EPS, a net loss of one per cent, was better than the expected 2 per cent loss – and much better than the 11 per cent loss recorded in the previous year’s quarter. The company’s solid performance has caught the attention of Craig-Hall Hall Lum analyst. Alex Fuhrmann. Analysts have rated STKL Bay with a target of 15. This figure indicates a one-year uptick of 40% from current levels. (To view Fuhrmann’s track record, click here) Supporting his stance, Fuhrmann wrote, “We believe the company’s focus should be on high-value plant-based foods and beverages, so that the economy improves from COVID, so with the opportunity of estimating opportunities. The premium should be evaluated. For the most part, Fuhrmann’s optimism is based on Sanopta’s structure. The analyst noted, “We expect other food companies to receive premium valuations for the future given the fast growth trends in plant-based food stocks and attractive environmental benefits. At just $ 4.5B in sales today, plant-based products cery 695B is less than 1% of the grocery market, but it’s easy to imagine that over time it represents a double-digit share in grocery sales. “Wall Street doesn’t always come with a consensus, but in this case, it does. Sunopta’s Strong by Analyst Consensus rating is based on a 3 by reviews consensus. (See STKL stock analysis on Tipranx) Green Brick Partners (GRBK) The housing industry has been a bright spot in the economy over the past year. As people moved out of cities to avoid COVID, they moved to the suburbs and beyond – and so on. Demand for single-family homes has increased. Green Brick is a Texas-based land development and home acquisition company that invests in real estate, primarily land, and then provides plot and construction financing for development projects. Suburban sprawl – just this Not only in the Covid year, but as a general trend, Green Brick has been doing well.The company’s Q3 earnings were 275.8 million dollars, which is the best over the year, beating the forecast by 20% and growing 31% year-on-year. Ep ES was also strong; Q value, ents 68 cents, was 54% higher than expected and more than double the previous year’s value. Green Brick’s share price has been rising along with the company’s financial outlook. For the year, GRBK has increased by 111%. In his coverage of the stock, JMP analyst Aaron Hatch noted, “[We] For the safety and changing mobility of telecommuting by more employees, GRBK expects apartment tenants to relocate to single-family homes regardless of the trend. The most important cooperative shift of the buyer pool is the millennials who have gone out to buy homes, a trend that we believe runs for many years. Markets such as Texas and Atlanta have net beneficiaries of migration to outsourced coastal geographical locations, which has led to an increase in the millennial demand trend in the case of GSBK. “For this, Hatchet gives GRBK an outperform (i.e. buy) rate.), And its 30 per cent price target, indicating ~ 23% for the next 12 months.” To view Hatchat’s track record, click here. Although not unanimous, the Strong Buy Consensus rating on Green Brick is crucial, with a 3 to 1 break of the hold against the Boys. The average price target of 27.5 is likely to be 12.5% lower than the current share price of 24 24.45 (Tipranx). See GRBK stock analysis at) Brightcove, Inc. (BCOV) Changing gears towards the software industry, we come to Boston-based software company Brightcove, which offers a range of video platform products including cloud-based hosting and social and interactive add-ons. Cloud-based video is at the forefront of the delivery and monetization of online video solutions.In these epidemic days, remote office fees, with a large shift of their white-collar workers towards telecommuting and video conferencing, are the strengths of such a business model. No. per share, which almost doubled in the previous quarter of the year. On the top line, revenue has remained stable, holding between 46 46 million and 48 48 million per quarter in 2020, with no sensible covid effect. Shares of Brightkov are taking action throughout the year, after a small gust of winter last year. The momentum has accelerated since the end of July after Q2 results were announced, and the stock is now up 103% for 2020. Normal macro headwinds video is turning into special tails, as Northland Capital analyst Michael Latimore notes. “We believe that market tailwind, BCOV’s leading tech platform and strong sales execution are driving strong bookings. We believe that salesforce is at full productivity. BCOV will add more channel managers this year. The management focuses on process improvement to achieve consistency in income retention rates, ”the 5-star analyst noted. Latimore rates the stock as outperforming (i.e. buy), and its 24 24 target indicates 36% confidence in the next year. (To see Latimore’s track record, click here) Over the past 3 months, two other analysts have thrown hats at a video tech company with a view. The additional two buy ratings give Brightkov a strong buy consensus rating. With an average price target of 20.17, investors are standing to take a 14% domestic advantage, if the target is met in the coming months. (See BCOV Stock Analysis on Tipranx) To find good ideas for trading growth stocks on attractive valuations, visit Tipranx’s Best Stock to Buy, which unites all of Tipranx’s equity insights. Disclaimer: The opinions expressed in this article are those of specialized analysts only. Content is intended for informational purposes only. It is very important to do your own analysis before making any investment.
