Wells Fargo’s Growth List – META, CPAY, DXCM, and more
Wells Fargo analysts published their “Growth List.”
These are companies – benchmarked against the Russell Midcap Growth Index (NYSEARCA:IWP) – that analysts believe have above-average growth potential.
“Our goal…is to find companies with favorable growth prospects; generating consistent profitability; and trading at a reasonable valuation,” analysts wrote.
The companies have a market value of at least $1.5B and annual revenue of at least $500M. They also must have the ability to generate at least a 5% compound annual growth rate in forward EPS over a multi-year period.
Here is the list:
Communication services
- Electronic Arts (EA) – Consensus long-term EPS growth estimate: 14%
- Meta Platforms (META) – Consensus long-term EPS growth estimate: 20%
Consumer discretionary
- Academy Sports & Outdoors (ASO) – Consensus long-term EPS growth estimate: 6%
- Airbnb (ABNB) – Consensus long-term EPS growth estimate: 16%
- Amazon (AMZN) – Consensus long-term EPS growth estimate: 23%
- Burlington Store (BURL) – Consensus long-term EPS growth estimate: 23%
- Chipotle Mexican Grill (CMG) – Consensus long-term EPS growth estimate: 12%
- NIKE (NKE) – Consensus long-term EPS growth estimate: 2%
- O’Reilly Automotive (ORLY) – Consensus long-term EPS growth estimate: 12%
- Planet Fitness (PLNT) – Consensus long-term EPS growth estimate: 12%
- Tesla (TSLA) – Consensus long-term EPS growth estimate: 9%
Financials
- Corpay (CPAY) – Consensus long-term EPS growth estimate: 15%
- Intercontinental Exchange (ICE) – Consensus long-term EPS growth estimate: 10%
- Block (SQ) – Consensus long-term EPS growth estimate: 36%
- Visa (V) – Consensus long-term EPS growth estimate: 13%
Health care
- Danaher (DHR) – Consensus long-term EPS growth estimate: 2%
- DexCom (DXCM) – Consensus long-term EPS growth estimate: 30%
- Illumina (ILMN) – Consensus long-term EPS growth estimate: 54%
- Penumbra (PEN) – Consensus long-term EPS growth estimate: 19%
- Zoetis (ZTS) – Consensus long-term EPS growth estimate: 10%
Industrials
- GXO Logistics (GXO) – Consensus long-term EPS growth estimate: 13%
- Paycom Software (PAYC) – Consensus long-term EPS growth estimate: 11%
- Trex Co. (TREX) – Consensus long-term EPS growth estimate: 11%
- Uber Technologies (UBER) – Consensus long-term EPS growth estimate: 38%
Information technology
- CrowdStrike Holdings (CRWD) – Consensus long-term EPS growth estimate: 32%
- Keysight Technologies (KEYS) – Consensus long-term EPS growth estimate: –
- Nvidia (NVDA) – Consensus long-term EPS growth estimate: 30%
- Salesforce (CRM) – Consensus long-term EPS growth estimate: 18%
- ServiceNow (NOW) – Consensus long-term EPS growth estimate: 31%
- Workday (WDAY) – Consensus long-term EPS growth estimate: 21%
Materials
- Ecolab (ECL) – Consensus long-term EPS growth estimate: 15%
Real estate
- SBA Communications (SBAC) – Consensus long-term EPS growth estimate: 16%