Top 4 Growth Stocks You Can't Miss in the New Nasdaq Bull Market

Saturday, 27 April 2024, 09:06

Discover the top growth stocks with significant upside potential in the current Nasdaq bull market. Despite market fluctuations, companies like Intel, BioMarin Pharmaceutical, SentinelOne, and PayPal Holdings are poised for substantial growth. Investors should pay attention to these stocks for attractive opportunities in the evolving market landscape.
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Top 4 Growth Stocks You Can't Miss in the New Nasdaq Bull Market

Opportunistic investors can still find bargains:

Background:

Since this decade began, investors have experienced significant market swings, with the Nasdaq Composite leading the way.

However, the Nasdaq Composite has rebounded strongly in the current bull market, presenting opportunities for growth stock investors.

Intel:

  • Strengths: Expectations for quadrupling earnings and new growth initiatives.
  • Challenges: Competition from AMD and PC sales slowdown.
  • Future Outlook: Intel is building foundry operations and launching new products.

BioMarin Pharmaceutical:

  • Weak start with Roctavian sales.
  • Highlights: Promising pipeline and success in rare indications.
  • Forecast: EPS growth of more than quintuple by 2027.

SentinelOne:

  • Near-miss in revenue projections.
  • Performance: Increasing ARR and adjusted gross margin.
  • Expectation: Projected EPS growth by fiscal 2028.

PayPal Holdings:

  • Challenges: Increasing competition and margin pressure.
  • Positives: Growing total payment volume and user engagement.
  • Opportunities: Potential for multiple winners in the digital payment space.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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