7 Growth Stocks You Need To Own Now For Maximum Returns (2023)

While recent headwinds such as stubbornly high inflation and the banking crisis have rocked several public companies, some stubborn survivors may representstock growthbuy now With Gurufocus, all the companies listed below are characterized by five and ten years (per share).growth rate20% and 15% respectively.

However, companies whose stocks are worth rising may have run out of steam; that is, there may not be enough fuel in the tank. To address this glaring challenge, I also rule out similarly undervalued companies in these growth drivers. Typically, this attribute represents revenue for the past 12 months, but can include other calculations. If you are willing to accept the risk involved in trying to maximize returns, this rising stock is a good time to buy.

AMN Health Services (AMN)

Founded in 1985,AMN health services(NYSE:AMN) provides innovative end-to-end talent and staffing solutions for major industries. With a market capitalization of $3.78 billion, it is a midsize company. Despite the correlation, AMN is down 10% year to date. However, in the last 365 days it has increased by almost 7%.

As one of the growth stock candidates to buy right now, AMN stands out immediately because of its operating numbers. Specifically, yourthree-year revenue growth rateRanked at 35.8%, higher than 87.12% of industry competitors. In addition, its EBITDA growth rate was 52.3% in the same period, compared to 90.41%.

Also enticing, AMN has a direct multiple of 13.17. Taking expected earnings into account, AMN has outperformed 86.84% of publicly traded companies in the healthcare and service provider industry. Finally, Wall Street analysts see AMN asconsensus strong buyOverall, his average price target is $109.17, implying more than 14% upside potential.

Industrias Patrick (PATK)

Founded in 1959,patrick industries(NASDAQ:patricio) is home to many of the most respected brands in the RV, boat, manufactured home and industrial vehicle categories, based on theirWebsite.. Although eclectic companies can sometimes fail on their own, this was not the case for Patrick. So far this year, PATK has returned nearly 8% of its share value. During the last year it grew by almost 2%.

Also, as one of the growth stocks to buy, Patrick excels on the target theme. According to Gurufocus, its three-year revenue growth rate is 25.7%, which is higher than its competitors' growth rate of 93.57%. In addition, its EBITDA growth rate reached 40% during the same period, outperforming its competitors by 88.66%. Furthermore, it is a profitable business with a net profit margin of 5.53% (versus 60.3%) in the last year.

In terms of value, PATK's market price isLast multiple of 6.41.As an income discount, Patrick ranks better than 88.89% of his competitors. So this is a strong argument for owning growth stocks. Finally, analysts see PATK asmoderate purchaseHis $78 average price target implies nearly 19% upside potential.

Regeneron Pharmaceuticals (REGN)

Rapid news generation at the height of the Covid-19 crisis,Regeneron Pharmaceuticals(NASDAQ:rain) developed a therapy for the treatment of the SARS-CoV-2 virus. However, as concerns about Covid-19 infections subside, investors should calmly assess the rest of Regeneron's plan. It's tempting that REGN is up more than 4% year to date. In the last 365 days, you have earned almost 15% of the value of your shares.

Regeneron has a balanced profile as one of the growth stocks ripe to buy. On the operating side, its three-year revenue growth rate of 23.3% is higher than its industry peer growth rate of 71.72%. In addition, it is a very stable business with very highresult ultraman z10.13.

Attractively, REGN is trading at a forward multiple of 17.73. Taking expected earnings into account, Regeneron outperformed 70.37% of public companies in the biotech space. Finally, analysts see REGN asconsensus strong buyOverall, his $893.18 average price target implies 19% upside potential. That's another important reason to own growth stocks.

Winnebago Industries (WHO)

on the surfaceIndustrias Winnebag(NYSE:OMS) Buying growth stocks doesn't seem like a viable idea right now. While the consumer economy is under a lot of pressure, Winnebago RVs seem out of touch with reality. However, Winnebago could be surprisingly relevant as the new normal wealth gap favors the ultra-rich. Interestingly, WGO has returned nearly 8% of its share value since it opened in January.

From a financial standpoint, the RV maker makes a strong case for owning growth stocks. In particular, its three-year revenue growth rate reached 33.9%, outperforming nearly 94% of competing companies. Furthermore, its growth rate in EBITDA was 48.2% < 91.4% in the same period.

In terms of valuation, the market determines the price of WGOForward multiple of 7.22Taking expected earnings into account, Winnebago outperformed 74 percent of companies in the auto parts industry. Returning to Wall Street, analysts see WGO asConsensus Moderate BuyAdditionally, his $71.80 average price target implies more than 27% upside potential.

Medijska grupa Nextstar (NXST)

Based in Irving, Texas,Media group Nextstar(NASDAQ:NXST) is undoubtedly one of the riskier growth stocks. advertised asThe largest owner of an American television station.So Nexstar clearly has a huge footprint. However, Nexstar's relevance could face significant headwinds as the cable-cutting phenomenon accelerates over the years. NXST has given up more than 7% of its share value this year.

Still, if you're willing to gloss over basic feasibility issues, the NSXT is, on the face of it, an attractive proposition. for example, yourthree-year revenue growth rateThe ping is 26.9%, which is above 90.7% in the diverse media industry. In addition, its EBITDA growth rate was 34.5% in the same period.

In terms of value, NXST is trading at a trailing multiple of 6.69. When considering amenities, Nexstar ranks better than 85.07% of its competitors. From Wall Street, analysts rate NXST asconsensus strong buyHis $212 average price target implies more than 31% upside potential. As such, it could be one of the growth stocks for speculators.

BRP Corporation (DOOO)

Manufacturers of snowmobiles, ATVs and other recreational craft,BRP company. (NASDAQ:struggle) also doesn't immediately make investors one of the growth stocks to buy. With the average family under increasing pressure, buying a snowmobile may not seem smart. On the other hand, families who can afford that luxury can easily do so. So far this year, DOOO is down several basis points against the pair.

With a strict focus on finance, BRP looks quite attractive in terms of themes. For example, its three-year revenue growth rate of 24.3% is higher than the 90.4% of its industry competitors. In the same period, its EBITDA growth rate was 30.8%, higher than its competitors' growth rate of 84.72%.

In terms of value, DOOO's market price is a forward multiple of 7.5. Taking expected profits into account, BRP outperformed 72.88% of its competitors. Finally, analysts see DOOO asconsensus strong buyHis average price target is $103.48, which implies almost 40% upside potential.

Worldwide (GLOB)

Founded in 2003,likuju(NYSE:worldwide) is a software development and information technology company with operations in multiple countries, including the United States, the United Kingdom, and countries in Central and South America and Europe. However, it is one of the riskier growth stocks. GLOB is down almost 16% since it opened in January. Over the past year, it has fallen more than 19%.

However, according to some speculators, Globant made up for the shortfall with good trading results. It is worth noting that the company's three-year revenue growth rate reached 33.4%, higher than the 87.69% of listed companies in the software industry. In addition, its EBITDA growth rate was 34.8% during the same period, higher than the 81.87% of industry players.

By value, GLOBPrice-earnings ratio (PEG).Landed at 1.21 am. By comparison, the industry average is 1.59 times higher. Additionally, Globant enjoys solid profitability, with a net margin of 8.35% compared to last year. To be fair, Gurufocus warns that Globant could be a value trap. In other words, analysts see GLOB asStrong purchase of KonsenzusHis $207 average price target implies more than 45% upside potential.

On launch day, Josh EnomotoIt does not (directly or indirectly) have any position in the securities listed here.The opinions expressed in this article are those of the author and are administered by InvestorPlace.comPosting Guidelines.

Josh Enomoto was a Senior Business Analyst at Sony Electronics, where he helped close major deals with Fortune Global 500 companies. Over the past several years, he has provided unique and important insights into the investment market, as well as other industries, including legal , construction and health administration.