Top Analyst Picks: Stocks Poised for Double-Digit Growth

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Chewy Inc Berita

Gitlab Inc

Stocks Analysis by MarketBeat.com (Thomas Hughes) covering: Chewy Inc, Gitlab Inc. Read MarketBeat.com (Thomas Hughes)'s latest article on Investing.com

The trend in analysts' sentiment is far more important than the consensus rating, providing headwinds or tailwinds for price action.

Analysts' sentiment is important in determining the right time to buy stock. However, the trend in sentiment and coverage is more important than the consensus rating. A Moderate Buy or Buy rating doesn’t mean as much if recent revisions include downgrades, price target revisions, and lapsed coverage.

are leaders in their respective fields, the odds are high that their stock prices will follow the analysts' lead and move higher.Chewy analysts began increasing their price targets over the summer after results outperformed expectations. MarketBeat.com tracks 22 analysts showing a high conviction in the Moderate Buy rating, with the latest price targets leading to the high-end range above the consensus estimate.

At 9%, TD Cowen’s CAGR target is nearly double the forecasted industry average and will be compounded by a widening margin. The EBITDA margin is expected to double almost 8%, driving increased free cash conversion and balance sheet improvement. Drivers for growth will be an increasing customer count and revenue per customer in the retail business and deepening penetration of services tied to the pet health business.

 

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