Why This 1 Growth Stock Could Be a Great Addition to Your Portfolio – MASHAHER

ISLAM GAMAL24 July 2024Last Update :
Why This 1 Growth Stock Could Be a Great Addition to Your Portfolio – MASHAHER


For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.

Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.

Why This 1 Growth Stock Should Be On Your Watchlist

For growth investors, a company’s financial strength, overall health, and future outlook take precedence, so they’ll want to zero in on the Growth Style Score. This Score examines things like projected and historical earnings, sales, and cash flow to find stocks that will generate sustainable growth over time.

Autodesk (ADSK)

San Fransisco, CA-based Autodesk develops model-based design, engineering and documentation software. The company serves customers in architecture, engineering and construction; product design and manufacturing; and digital media and entertainment industries.

ADSK sits at a Zacks Rank #3 (Hold), holds a Growth Style Score of A, and has a VGM Score of B. Earnings and sales are forecasted to increase 6.7% and 10% year-over-year, respectively.

Eight analysts revised their earnings estimate upwards in the last 60 days for fiscal 2025. The Zacks Consensus Estimate has increased $0.10 to $8.11 per share. ADSK boasts an average earnings surprise of 6.8%.

Looking at cash flow, Autodesk is expected to report cash flow growth of 0.5% this year; ADSK has generated cash flow growth of 54.8% over the past three to five years.

ADSK should be on investors’ short lists because of its impressive growth fundamentals, a good Zacks Rank, and strong Growth and VGM Style Scores.

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Autodesk, Inc. (ADSK) : Free Stock Analysis Report

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Source Agencies

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