Are you looking for undervalued stocks with growth potential? Look no further than our latest analysis from Extreme Investor Network. Goldman Sachs recently highlighted five companies that still have plenty of room to grow, despite the current market conditions.
1. CAE: This Canadian training and simulation provider has been unfairly punished due to struggles in its civil aviation and defense divisions. Analyst Noah Poponak believes that the stock is significantly undervalued, especially when compared to its peers in the aerospace supply chain. With a long runway for growth in its civil segment, CAE presents a great buying opportunity.
2. BJ’s Wholesale Club: BJ’s is firing on all cylinders with strong membership trends, traffic growth, and robust earnings potential. The company’s recent top and bottom line beat reaffirmed its growth opportunities, especially as it continues to open new stores in new markets. BJ’s shares are up 20% this year, but analysts believe there is still more room for growth.
3. Workday: As enterprise cloud management company Workday continues to execute on its growth initiatives, analysts see a bright future ahead. With a focus on financials moving to the cloud and best-in-class retention rates, Workday is poised to grow into a $20bn+ business. Shares of Workday have already soared in the past three months, but experts believe there is more potential for long-term growth.
4. CrowdStrike: Industry conversations and management comments have led analysts to believe that CrowdStrike will return to strong revenue and EPS growth in the next 12-24 months. With a thoughtful strategy in place and a focus on transparency and engagement, CrowdStrike is on track for significant growth in the future.
5. Ducommun: With exposure to aerospace original equipment and a growing aerospace aftermarket, Ducommun is set for strong growth in the coming years. While its defense business has faced pressures, recent orders and easier compares should help accelerate growth in that segment.
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