Three Ranked Stocks to Consider for Huge Gains

Many investors target companies predicted to grow earnings and revenues over average. It often leads to share outperformance. These companies, often innovative, reinvest in growth. Uber Technologies UBER, Meta Platforms META, and Salesforce CRM are potential growth stocks.

Uber Tech Uber shares rose after its better-than-expected quarterly results. Uber outperformed the Zacks Consensus EPS projection by more than 300% and sales 2%, indicating 127% and 15% year-over-year growth.

Overall, analysts have improved their earnings outlooks, giving the stock a Zacks Rank #2 (Buy). The stock remains attractive to growth investors, with earnings expected to rise 33% on 16% higher revenues in the current fiscal year.

UBER has experienced double-digit year-over-year revenue increase in each of its previous ten releases, earning a ‘A’ for increase Style Score.

Meta Platforms Meta shares have soared 170% in the past year on strong quarterly earnings. Expectations are rising for results, keeping the stock at Zacks Rank #1 (Strong Buy).  Current year earnings are expected to climb 34% on 18% higher sales, with FY25 earnings and revenue expected to grow 16% and 13%, respectively. The stock has a ‘A’ Growth Style Score.

Given the growth outlook, shares aren't unduly expensive by valuation, with the 25.2X forward earnings multiple well below five-year highs of 37.1X and favorably compared to the Zacks Internet Software industry average of 39.2X.

Salesforce After two releases, Salesforce, a Zacks Rank #2 (Buy), the largest on-demand CRM provider, saw shares rise post-earnings. The $9.54 Zacks Consensus EPS projection for its current fiscal year rose 8% last year, indicating 16% year-over-year increase.

Note that shares are hitting record highs, closing at a record on March 1. Stocks establishing new highs often make higher highs, especially after favorable earnings estimate revisions.

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