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%