11 Beaten-Up Growth Stocks That Look Like Buys, Says Citi

Growth stocks have dropped of late, and many that aren’t in the Big Tech group look like decent bets at this point.

Some growth names now look highly attractive, especially if yields stop rising. That would help valuations—stocks’ multiples of expected profits for the next year—stabilize. If they do, higher profits over time would bring these stocks upward.That’s why Citi strategists screened for growth stocks that have become the most attractive during the recent pullback.

With cash-flow estimates up for the next year, and the stock down, Lam Research shares are much less expensive now. The stock trades at 22 times forward free cash flow, down from a peak this year of about 35 times. At the higher multiple, it was about 50% more expensive than the S&P 500’s free-cash-flow multiple, but now it only trades at a 5% premium.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Goldman expects 'healthy' growth at these 3 Indian banking stocks – giving one nearly 50% upsideThe investment bank's bullish stance is also mirrored by its outlook on India's economy.
Source: CNBC - 🏆 12. / 72 Read more »

Citi upgrades this packaging company that can rally more than 30%Analyst Anthony Pettinari upgraded the packaging company to buy from neutral.
Source: CNBC - 🏆 12. / 72 Read more »

Top Wall Street analysts are bullish on these dividend stocksTipRanks’ analyst ranking service pinpoints Wall Street’s best-performing stocks, including Chevron and Broadcom.
Source: nbcchicago - 🏆 545. / 51 Read more »