Blue Chip Biotech Highlights Jefferies 4 Top Growth Stocks to Buy Now
With the holidays right around the corner, and the 2015 trading year just about finished, many investors are taking the opportunity to review their current portfolio holdings and make end of the year changes. With the likelihood of single-digit gains perhaps being not the exception but the rule for the foreseeable future, investors should be looking for true growth stocks with long-term upside potential.
A new Jefferies research report features some solid new growth stock calls that make good sense for people not only looking to add some alpha to their portfolios, but also looking to perhaps replace stocks that underperformed this past year. We found four that look outstanding, and all four are rated Buy.
This absolute leader in online retail and dominate player in cloud storage business just crushed earnings this past quarter. Amazon.com Inc. (NASDAQ: AMZN) serves consumers through retail websites, which primarily include merchandise and content purchased for resale from vendors and those offered by third-party sellers. In addition, the company serves developers and enterprises through Amazon Web Services (AWS), which provides compute, storage, database, analytics, applications and deployment services that enable virtually various businesses.
Jefferies notes that the company had outstanding unit and revenue growth, and it also cites that the online retail giant’s fulfillment advantage over peers may end up being one of the most significant silos in the company’s overall business structure.
Furthermore, holiday spending data suggests that desktop online sales grew but rates slowed from last year, with mobile significantly outgrowing desktop. Jefferies cited Channel Advisor data that noted that Amazon’s showed an outstanding 21% growth rate on Black Friday this year.
The Jefferies price target is a gigantic $775. The Thomson/First Call consensus price target is $730.76. The stock closed Monday at $672.64.