In 2019, the stock market had a record-breaking performance. Nevertheless, it is not always comfortable spotting the stocks poised to climb higher and yield handsome returns in the next years.
Thus, that is the situation when we need the analysts’ help. Here are the three stocks with a long-term growth narrative. Wall Street analysts back those stocks.
The first one is ATEC (Alphatec Holdigs, Inc.). With its innovative products for the surgical treatment of spine disorders, this med-tech company has rattled the market. Since the start of 2019, it skyrocketed at 193%. Analysts claim that ATEC will continue its impressive performance in 2020.
Partially, the bullish sentiment surrounds the company. It is because of its strong Q3 performance. It has sped past the revenue consensus estimate. The quarterly revenue hit was $29.2 million, according to the firm’s report. As the driver here, management pointed to the segment of domestic strategic distribution being 2% up in the quarter. Moreover, the guidance of the full-year revenue was bumped up from $104 million-$109 million to $109 million-$112 million.
Another successful stock is CROX (Crocs, Inc.). During the holiday shopping season, the famous foam shoe designer impressed analysts with its performance. Sales reached $313 during the quarter, outpacing the consensus estimate of $302 million.
The company is even stronger than analysts have previously forecasted. By 2021 14% EBIT margin is expected if Jibbitz momentum continues. In recent weeks, as the analysts observed Jibbitz at retail partners in-store and online. They think that distribution will be meaningfully accelerating charm penetration in the coming quarters.
The third promising stock is TLRA (Telaria Inc.). The company is working on video content software.
It has already achieved a 202% growth year-to-date. TLRA also has a connected CTV (TV) business. It has gained a massive 115% year-over-year.
These are the most promising stocks in the market. Let’s see how well the companies perform.