Investing

4 Outstanding Analyst Growth Stock Picks Should Outperform Even If Market Sells Off

Equifax

This company suffered a stunning security breach a few years ago and has fought back to be much stronger. Equifax Inc. (NYSE: EFX) provides credit and risk management solutions to businesses and consumers. The second-largest U.S. credit bureau (based on revenue), the company also operates in 19 other countries.

Equifax has amassed data on approximately 820 million consumers, 91 million businesses, 280 million employee files, 201 million public records and 5.8 billion trade accounts. Products and services include consumer reports, risk scoring and analytics, income and employment verification, decisioning services and marketing services.

The Jefferies report had this to say:

We were out with our takeaways from meetings we hosted with senior management. We pointed out that the focus of the tech transformation continues to be accelerating New Product Innovation and the vitality index which is expected to be ~8% in 2021. Further, we noted that as of Q2, Equifax Work Solutions (EWS) has 119 million records on 91 million unique social security numbers which is ~50% of non-farm payrolls. To that point, we believe there are many different growth levers the company is pulling to grow EWS from 40%+ of the portfolio to 50%+. Within mortgage, we expect a meaningful decline in the second half of 2021,but think it will normalize over time..

The $316 Jefferies price target is well above the $277.94 consensus target. The final Equifax stock trade on Wednesday was reported at $273.11.

Leslie’s

A rocky economy and a declining stock market will not stop people who need to take care of their swimming pools and hot tubs. Leslie’s Inc. (NASDAQ: LESL) operates as a direct-to-consumer pool and spa care brand in the United States.

The company markets and sells pool and spa supplies and related products and services, which primarily consist of maintenance items, such as chemicals, equipment and parts, and cleaning and maintenance equipment, as well as safety, recreational and fitness-related products.

Leslie’s also provides essential services, such as on-site equipment installation and repair to the ongoing maintenance of pools and spas; complimentary, commercial-grade and in-store water testing and analysis, as well as AccuBlue water testing services; and a mobile app. As of January 2, 2021, the company operated 936 locations in 37 states and e-commerce websites. It serves residential, professional and commercial consumers.

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