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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.

While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.

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.

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Yelp (YELP)

San Francisco, CA-based Yelp, founded in 2004, is a website engaged in providing information through online community offering social networking. It covers restaurants, shopping, nightlife, financial services, health and a variety of services.

YELP is a Zacks Rank #3 (Hold) stock, with a Growth Style Score of A and VGM Score of A. Earnings are expected to grow 3.7% year-over-year for the current fiscal year, with sales growth of 7%.

One analyst revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0 to $1.40 per share. YELP boasts an average earnings surprise of 141.4%.

Yelp is also cash rich. The company has generated cash flow growth of 18.8%, and is expected to report cash flow expansion of 47.8% in 2024.

With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, YELP should be on investors' short lists.

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Yelp Inc. (YELP) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research