2 Top-Rated Growth Stocks To Watch Now Scared the market is shrinking? These stocks aren't. Keep reading for 3 stocks with tremendous growth potential to add to your watchlist right now.
By Lyndon Seitz
This story originally appeared on WallStreetZen
Given the highly uncertain economic environment of the past few weeks and beyond, it may seem natural to be cautious in your investments. You might feel like the only solution is to pick safer stocks and hold on as best you can.
That might be the right call for some investors…
Yet there are still stocks that have room to grow, even now. In fact, depending on how you look at it, now is the perfect time to invest in some growth stocks, as long as you're considering the long-term potential first and foremost.
Yet which stocks should you look at? Here's a starting point. I searched for stocks with a Zen Rating of A and a Component Grade of A for Growth — let's explore:
1. Expensify (NASDAQ: EXFY)
Here's one of the top expense management apps available to both consumers and businesses — and right now could be an excellent entry point.
Why? Expensify has had a rough last month, but signs point to recovery.
Let's start with history: It experienced excellent growth over the last year.
There is room for the company to grow, it has strong Component Grades, and it's been noted that EXFY has good FCF potential. Among potential growth stocks, this is one to keep your eye on.
2. Pagerduty (NYSE: PD)
PD operates a SaaS IT operations management platform, among some other ventures, and given how AI is making matters both more and less complicated when it comes to technology stacks for businesses in recent years, there is certainly a demand for it.
And while the share price is currently down about 26% over the last year, it is one of the best-rated stocks on WallStreetZen. As a reminder, stocks with an A rating had an average return of +32.52% per year. Additionally, see the Component Grades below.
These indicate that not only is there growth potential in BD, but our AI algorithm has noticed trends that make it anticipate superior results in the future. It also has strong sentiment indicators from other investors, and there's little that makes BD worse than the average stock.
EXFY and PD are just a couple of stocks worth considering. When screening for these selections, there were more than 40 others that met the criteria on WallStreetZen, so take a look for yourself.
And if you want the most information possible, as well as a way to constantly keep track of your growth (or other) stocks, then you should sign up for WallStreetZen Premium. It will provide you with an unlimited watchlist, all the fundamental information you could need, and more.
If you're looking for a more guided approach to your portfolio, then Zen Investor is what you need. It provides you with insights and direct recommendations from our own Steve Reitmeister, who has more than 40 years of investing experience. And if you're looking for a sample of what he has to say, read this recent piece on growth stocks.
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