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Are You a Growth Investor? This 1 Stock Could Be the Perfect Pick

Zacks Equity Research
·1-min read

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.

While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.

Why This 1 Growth Stock Should Be On Your Watchlist

For growth investors, a company's financial strength, overall health, and future outlook take precedence, so they'll want to zero in on the Growth Style Score. This Score examines things like projected and historical earnings, sales, and cash flow to find stocks that will generate sustainable growth over time.

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GoDaddy (GDDY)

GoDaddy’s solutions serve 21 million customers that include independents, WebPros, Domain Registrars and Investors, and Third-Party Registrars and Corporate Domain Portfolio owners.

GDDY sits at a Zacks Rank #3 (Hold), holds a Growth Style Score of A, and has a VGM Score of B. Earnings and sales are forecasted to increase 144.4% and 6.5% year-over-year, respectively.

Seven analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $1.77 to $6.50 per share. GDDY boasts an average earnings surprise of 13.2%.

GoDaddy is also cash rich. The company has generated cash flow growth of 11.7%, and is expected to report cash flow expansion of 8.6% in 2024.

With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, GDDY should be on investors' short lists.

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GoDaddy Inc. (GDDY) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research