Are You a Growth Investor? This 1 Stock Could Be the Perfect Pick
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.
Why This 1 Growth Stock Should Be On Your Watchlist
Growth investors build their portfolios around companies that are financially strong and have a bright future, and the Growth Style Score helps take projected and historical earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Model N (MODN)
San Mateo, CA-based Model N Inc. provides revenue management solutions for life sciences and technology companies including applications for configure, price, quote (CPQ), rebates management and regulatory compliance.
MODN boasts a Growth Style Score of A and VGM Score of B, and holds a Zacks Rank #3 (Hold) rating. Its bottom-line is projected to rise 33.3% year-over-year for 2023, while Wall Street anticipates its top line to improve by 11.8%.
One analyst revised their earnings estimate higher in the last 60 days for fiscal 2023, while the Zacks Consensus Estimate has increased $0.01 to $0.96 per share. MODN also boasts an average earnings surprise of 23.1%.
Model N is also cash rich. The company has generated cash flow growth of 24.6%, and is expected to report cash flow expansion of 38.8% in 2023.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, MODN should be on investors' short lists.
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Model N, Inc. (MODN) : Free Stock Analysis Report
