7 Undervalued Growth Stocks to Buy Before They Take Off

InvestorPlace2023-03-31

Roku (ROKU): Roku is getting a lift from the rebounding TV ad market.Plug Power (PLUG): PLUG is poised to become a major supplier of green hydrogen to a large airlines.Darden (DRI): DRI reported ...

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Azwin
·2023-04-01
Ok
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icycrystal
·2023-03-31
REIT - Good consider investing
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OngCK
·2023-03-31
Like and comment pls
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Goupppppppp
·2023-03-31
Ok
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- OngCK:
  Ok
  2023-03-31
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tonylim
·2023-03-31
Good read
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cooked
·2023-03-31
Thank you
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- TK63:
  tq
  2023-03-31
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valentia
·2023-03-31
Okie
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Seah CL
·2023-03-31
K
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Meanwhile, the flow of deposits from small banks to large banks “has slowed to a trickle in recent days, CNBC reported on March 25. The latter data indicate that the banking sector is quickly returning to normal after the mini-crisis. As a result, the mini-crisis is unlikely to trigger a recession and almost certainly won’t result in a credit crunch.Further, the Fed is poised to finally take its foot off the brake, as most Fed officials expect to raise rates minimally for the rest of this year.On the economic front, the labor market continues to be very strong, and the central bank expects the economy to grow at a scintillating, annualized pace of 3.2% this quarter.Here are seven undervalued stocks to buy that will enable investors to take advantage of these favorable macro conditions.Undervalued Growth Stocks: Roku (ROKU)Source: Michael Vi / ShutterstockAs I’ve pointed out in past columns, Roku (NASDAQ:ROKU) provides the leading operating system for streaming TV, which has become consumers’ favorite way to watch television. And I’ve noted that the supply chain and ad issues that have plagued the company in recent years should ebb as supply chains continue to improve.Now the Street is catching on to ROKU stock’s strong, positive catalysts. That’s because investment bank Susquehanna raised its rating on ROKU to “positive” from “neutral.” The firm thinks the company’s financial results are “bottoming,” It will benefit over the long term as marketers move more ads to streaming channels.The firm reported that the ad market appears to be improving, while Roku could soon start selling ads to other digital platforms. According to the investment bank, the latter initiative could enable Roku to collect additional “high margin revenue.”ROKU is currently changing hands at a relatively low forward price-sales ratio of 2.35. Given Roku’s tremendous growth potential, I think the shares are meaningfully undervalued at current levels.Plug Power (PLUG)Source: Postmodern Studio / ShutterstockPlug Power (NASDAQ:PLUG) continues to progress toward becoming a green-hydrogen giant. Specifically, the company announced on March 21 that it had found a way to make hydrogen-powered forklifts economical for the first time “for warehouses that operate fewer than 100 electric forklifts.”According to PLUG, such warehouses buy “more than 25% of all forklifts sold in the U.S.”Moreover, Plug provided hydrogen fuel cells for a recent successful test flight of a small plane that was partially powered by hydrogen. The plane is owned by Universal Hydrogen, which carried out the test and has made a deal to supply hydrogen to American Airlines (NASDAQ:AAL) “by 2025.” And America’s smaller, main planes are expected to start utilizing hydrogen around 2029.Since PLUG is a major supplier of green hydrogen and is working with Universal Hydrogen, the latter company will likely buy a great deal of green hydrogen from Plug Power, lifting Plug’s financial results and PLUG stock in the process.Plug Power is trading for just 1.3 times its 2026 revenue guidance of $5 billion, making the shares’ valuation quite attractive.Darden (DRI)Source: ShutterstockDarden (NYSE:DRI), which owns and operates many casual-dining restaurants, delivered beat-and-raise quarterly results on March 23.Specifically, the company’s revenue soared 14% year-over-year, while its same-store sales climbed 11.7%. Meanwhile, Darden’s earnings per share came in at $2.34, and it increased its fiscal 2023 EPS estimate to $7.85-$8 from $7.60-$8.Bank of America responded to the news by raising its price target on DRI stock to $172 from $170. The firm is upbeat on the company’s low-price strategy, and it thinks that DRI could beat its same-restaurant-sales-growth guidance of 3%-5% for the current quarter. The bank maintained a “buy” rating on the shares.And calling Darden’s Q3 results “solid,” RBC Capital raised its price target on the shares to $165 from $160. The bank says that commodity prices are trending downwards, which maintained an “outperform” rating on DRI stock.Given Darden’s strong growth, its forward price-to-earnings ratio of 16.8 times is quite attractive regarding undervalued growth stocks.Air Products & Chemicals (APD)Source: Andy Borysowski / Shutterstock.comInvestorPlace columnist Chris Markoch recently reported that Air Products & Chemicals (NYSE:APD) plans to spend “over $15 billion by 2027 to deliver large amounts of clean hydrogen.”Thus, over the long term, APD will likely deliver strong growth as the demand for green hydrogen by trucking companies, airlines, and many other companies surges tremendously.Supporting my theory, APD CEO Seifi Ghasemi said in February, “We continue to see significant opportunities…to bring green hydrogen to consumers around the world,”And as Markoch points out, the company has low debt and a stable gas business, making the shares appealing to conservative investors. Also noteworthy is that APD expects its earnings per share, excluding certain items, to soar 9%-12% this year to $11.20-$11.50.On March 7, investment bank Evercore added APD to its “Tactical Outpeform” list, citing the company’s favorable valuation and the strong outlook of its industrial gases business.At the midpoint, that equates to a forward price-to-earnings ratio of 23.7 for APD stock. That valuation is very attractive, given the company’s strong profitability and a huge opportunity in green hydrogen.Canadian Solar (CSIQ)Source: Shutter B Photo / Shutterstock.comCanadian Solar (NASDAQ:CSIQ) reported very strong fourth-quarter results, showing that it’s benefiting a great deal from the very rapid proliferation of solar energy. Specifically, the company’s shipments of solar modules soared 68% year-over-year, while its net income jumped almost 300% to $77.8 million. Moreover, its gross margin came in at nearly 17.7%, near the upper end of its guidance range. And analysts, on average, expect its EPS to soar 69% in 2023.Importantly CEO Shawn Qu, speaking on the company’s Q4 earnings call, stated that he thinks gross margins can reach “20% to 30%..in [the] mid to long term.”And impressively, CSIQ stock has a Composite Rating of 89 from IBD, including an RS score of 90,. The latter score indicates that CSIQ stock has meaningfully outperformed the market in the last year.CSIQ should continue to benefit from the quickly increasing use of solar energy in many parts of the world, especially China and Europe, and from the electrification of transportation.The stock’s forward price-to-earnings ratio of 5.75x is extremely low, making it one of the top undervalued growth stocks.PayPal (PYPL)Source: Michael Vi / Shutterstock.comPayPal (NASDAQ:PYPL) is clearly continuing to benefit from the ongoing growth of e-commerce and digital payments, along with strong consumer spending trends. Last quarter, its free cash flow climbed 4%, while it expects its earnings per share, excluding some items, to rise around 24% this quarter versus the same period a year earlier.Going forward, the company may also get a boost from the accusations made by Hindenburg Research against Block (NYSE:SQ). First, some investors who have sold SQ stock because of the accusations could look to buy PayPal instead. And secondly, PayPal does compete with Block to some extent, and some small businesses could give up Block and turn to PayPal in the wake of Hindenburg’s charges.Also noteworthy is that outgoing CEO Dan Schulman, on March 9, said that “I think across our business, we’re seeing strength that’s beyond what we expected.” Schulman said that a rebound of e-commerce, or “discretionary spending,” may be responsible for the rebound.Alternatively, PayPal could be gaining market share, he stated.PYPL stock has a very attractive forward price-to-earnings ratio of 15x.Volkswagen (VWAGY)Source: multitel / Shutterstock.comVolkswagen’s (OTCMKTS:VWAGY) revenue climbed 11.6% last year, and it is second when it comes to global sales of automobiles. Additionally, the company’s earnings before taxes jumped 9.5% last year to 22 billion euros. And in the fourth quarter, its global auto sales climbed 11% compared to a year earlier.Going forward, the automaker should benefit from improving economic trends in the EU. Indeed, the number of “new car registrations” in the bloc jumped 11.5% year-over-year last month.Moreover, Volkswagen is a leader in the rapidly growing EV sector. Last quarter, its global EV sales jumped 24% year-over-year to 118,000. In the EU, overall EV sales soared 40% YOY last month, so Volkswagen’s leadership in the EV sector should boost its growth within Europe. And with the automaker planning to invest a great deal in its EV transformation going forward, it should benefit tremendously from the continued proliferation of EVs in Europe, the U.S., and China.Despite all of these positive catalysts, Volkswagen has a tiny forward price-to-earnings ratio of just 4.9x. That makes it among the best undervalued growth stocks in my book.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9941266207,"gmtCreate":1680285020410,"gmtModify":1680285815482,"author":{"id":"3573429714697192","authorId":"3573429714697192","name":"Azwin","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":1,"authorIdStr":"3573429714697192","idStr":"3573429714697192"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941266207","repostId":2323745014,"repostType":2,"repost":{"id":"2323745014","pubTimestamp":1680222146,"share":"https://ttm.financial/m/news/2323745014?lang=&edition=fundamental","pubTime":"2023-03-31 08:22","market":"us","language":"en","title":"7 Undervalued Growth Stocks to Buy Before They Take Off","url":"https://stock-news.laohu8.com/highlight/detail?id=2323745014","media":"InvestorPlace","summary":"Roku (ROKU): Roku is getting a lift from the rebounding TV ad market.Plug Power (PLUG): PLUG is pois","content":"<html><head></head><body><ul><li>Roku (ROKU): Roku is getting a lift from the rebounding TV ad market.</li><li>Plug Power (PLUG): PLUG is poised to become a major supplier of green hydrogen to a large airlines.</li><li>Darden (DRI): DRI reported outstanding quarterly results this month.</li><li>Keep reading to find the complete list of undervalued growth stocks!</li></ul><img src=\"https://static.tigerbbs.com/d9691c73d2c90fafebcc65ae4d5ebc19\" tg-width=\"768\" tg-height=\"432\"/>Source: REDPIXEL.PL / Shutterstock.comWith the mini-banking crisis ebbing, the Fed poised to stop raising interest rates, and strong economic growth, it’s a good time to find undervalued growth stocks to buy.Significant parts of most of the American banks that have failed in recent weeks have been acquired, while a troublesome European bank, Credit Suisse, was bought by UBS (NYSE:UBS). Meanwhile, the flow of deposits from small banks to large banks “has slowed to a trickle in recent days, CNBC reported on March 25. The latter data indicate that the banking sector is quickly returning to normal after the mini-crisis. As a result, the mini-crisis is unlikely to trigger a recession and almost certainly won’t result in a credit crunch.Further, the Fed is poised to finally take its foot off the brake, as most Fed officials expect to raise rates minimally for the rest of this year.On the economic front, the labor market continues to be very strong, and the central bank expects the economy to grow at a scintillating, annualized pace of 3.2% this quarter.Here are seven undervalued stocks to buy that will enable investors to take advantage of these favorable macro conditions.<h2>Undervalued Growth Stocks: Roku (ROKU)</h2><img src=\"https://static.tigerbbs.com/a667fe0ddb71e20f994e71009e4d7590\" tg-width=\"300\" tg-height=\"169\"/>Source: Michael Vi / ShutterstockAs I’ve pointed out in past columns, Roku (NASDAQ:ROKU) provides the leading operating system for streaming TV, which has become consumers’ favorite way to watch television. And I’ve noted that the supply chain and ad issues that have plagued the company in recent years should ebb as supply chains continue to improve.Now the Street is catching on to ROKU stock’s strong, positive catalysts. That’s because investment bank Susquehanna raised its rating on ROKU to “positive” from “neutral.” The firm thinks the company’s financial results are “bottoming,” It will benefit over the long term as marketers move more ads to streaming channels.The firm reported that the ad market appears to be improving, while Roku could soon start selling ads to other digital platforms. According to the investment bank, the latter initiative could enable Roku to collect additional “high margin revenue.”ROKU is currently changing hands at a relatively low forward price-sales ratio of 2.35. Given Roku’s tremendous growth potential, I think the shares are meaningfully undervalued at current levels.<h2>Plug Power (PLUG)</h2><img src=\"https://static.tigerbbs.com/8baac56f5c9242be08f484dc5169a823\" tg-width=\"300\" tg-height=\"169\"/>Source: Postmodern Studio / ShutterstockPlug Power (NASDAQ:PLUG) continues to progress toward becoming a green-hydrogen giant. Specifically, the company announced on March 21 that it had found a way to make hydrogen-powered forklifts economical for the first time “for warehouses that operate fewer than 100 electric forklifts.”According to PLUG, such warehouses buy “more than 25% of all forklifts sold in the U.S.”Moreover, Plug provided hydrogen fuel cells for a recent successful test flight of a small plane that was partially powered by hydrogen. The plane is owned by Universal Hydrogen, which carried out the test and has made a deal to supply hydrogen to American Airlines (NASDAQ:AAL) “by 2025.” And America’s smaller, main planes are expected to start utilizing hydrogen around 2029.Since PLUG is a major supplier of green hydrogen and is working with Universal Hydrogen, the latter company will likely buy a great deal of green hydrogen from Plug Power, lifting Plug’s financial results and PLUG stock in the process.Plug Power is trading for just 1.3 times its 2026 revenue guidance of $5 billion, making the shares’ valuation quite attractive.<h2>Darden (DRI)</h2><img src=\"https://static.tigerbbs.com/7bfb9f537e8a9add6ff029343c9197ab\" tg-width=\"300\" tg-height=\"169\"/>Source: ShutterstockDarden (NYSE:DRI), which owns and operates many casual-dining restaurants, delivered beat-and-raise quarterly results on March 23.Specifically, the company’s revenue soared 14% year-over-year, while its same-store sales climbed 11.7%. Meanwhile, Darden’s earnings per share came in at $2.34, and it increased its fiscal 2023 EPS estimate to $7.85-$8 from $7.60-$8.Bank of America responded to the news by raising its price target on DRI stock to $172 from $170. The firm is upbeat on the company’s low-price strategy, and it thinks that DRI could beat its same-restaurant-sales-growth guidance of 3%-5% for the current quarter. The bank maintained a “buy” rating on the shares.And calling Darden’s Q3 results “solid,” RBC Capital raised its price target on the shares to $165 from $160. The bank says that commodity prices are trending downwards, which maintained an “outperform” rating on DRI stock.Given Darden’s strong growth, its forward price-to-earnings ratio of 16.8 times is quite attractive regarding undervalued growth stocks.<h2>Air Products &amp; Chemicals (APD)</h2><img src=\"https://static.tigerbbs.com/0b2f5b1fa69ce6ff3b5589cb9595c036\" tg-width=\"300\" tg-height=\"169\"/>Source: Andy Borysowski / Shutterstock.comInvestorPlace columnist Chris Markoch recently reported that Air Products &amp; Chemicals (NYSE:APD) plans to spend “over $15 billion by 2027 to deliver large amounts of clean hydrogen.”Thus, over the long term, APD will likely deliver strong growth as the demand for green hydrogen by trucking companies, airlines, and many other companies surges tremendously.Supporting my theory, APD CEO Seifi Ghasemi said in February, “We continue to see significant opportunities…to bring green hydrogen to consumers around the world,”And as Markoch points out, the company has low debt and a stable gas business, making the shares appealing to conservative investors. Also noteworthy is that APD expects its earnings per share, excluding certain items, to soar 9%-12% this year to $11.20-$11.50.On March 7, investment bank Evercore added APD to its “Tactical Outpeform” list, citing the company’s favorable valuation and the strong outlook of its industrial gases business.At the midpoint, that equates to a forward price-to-earnings ratio of 23.7 for APD stock. That valuation is very attractive, given the company’s strong profitability and a huge opportunity in green hydrogen.<h2>Canadian Solar (CSIQ)</h2><img src=\"https://static.tigerbbs.com/5f004b89489d4cb1df4ad5b421940e4b\" tg-width=\"300\" tg-height=\"169\"/>Source: Shutter B Photo / Shutterstock.comCanadian Solar (NASDAQ:CSIQ) reported very strong fourth-quarter results, showing that it’s benefiting a great deal from the very rapid proliferation of solar energy. Specifically, the company’s shipments of solar modules soared 68% year-over-year, while its net income jumped almost 300% to $77.8 million. Moreover, its gross margin came in at nearly 17.7%, near the upper end of its guidance range. And analysts, on average, expect its EPS to soar 69% in 2023.Importantly CEO Shawn Qu, speaking on the company’s Q4 earnings call, stated that he thinks gross margins can reach “20% to 30%..in [the] mid to long term.”And impressively, CSIQ stock has a Composite Rating of 89 from IBD, including an RS score of 90,. The latter score indicates that CSIQ stock has meaningfully outperformed the market in the last year.CSIQ should continue to benefit from the quickly increasing use of solar energy in many parts of the world, especially China and Europe, and from the electrification of transportation.The stock’s forward price-to-earnings ratio of 5.75x is extremely low, making it one of the top undervalued growth stocks.<h2><a href=\"https://laohu8.com/S/PYPL\">PayPal</a> (PYPL)</h2><img src=\"https://static.tigerbbs.com/d31459f9b0c14e33810dd1f29612c85a\" tg-width=\"300\" tg-height=\"169\"/>Source: Michael Vi / Shutterstock.comPayPal (NASDAQ:PYPL) is clearly continuing to benefit from the ongoing growth of e-commerce and digital payments, along with strong consumer spending trends. Last quarter, its free cash flow climbed 4%, while it expects its earnings per share, excluding some items, to rise around 24% this quarter versus the same period a year earlier.Going forward, the company may also get a boost from the accusations made by Hindenburg Research against <a href=\"https://laohu8.com/S/SQ\">Block</a> (NYSE:SQ). First, some investors who have sold SQ stock because of the accusations could look to buy PayPal instead. And secondly, PayPal does compete with Block to some extent, and some small businesses could give up Block and turn to PayPal in the wake of Hindenburg’s charges.Also noteworthy is that outgoing CEO Dan Schulman, on March 9, said that “I think across our business, we’re seeing strength that’s beyond what we expected.” Schulman said that a rebound of e-commerce, or “discretionary spending,” may be responsible for the rebound.Alternatively, PayPal could be gaining market share, he stated.PYPL stock has a very attractive forward price-to-earnings ratio of 15x.<h2>Volkswagen (VWAGY)</h2><img src=\"https://static.tigerbbs.com/1245be8a7f8896e9c3e078dcc4bd0ce6\" tg-width=\"300\" tg-height=\"169\"/>Source: multitel / Shutterstock.comVolkswagen’s (OTCMKTS:VWAGY) revenue climbed 11.6% last year, and it is second when it comes to global sales of automobiles. Additionally, the company’s earnings before taxes jumped 9.5% last year to 22 billion euros. And in the fourth quarter, its global auto sales climbed 11% compared to a year earlier.Going forward, the automaker should benefit from improving economic trends in the EU. Indeed, the number of “new car registrations” in the bloc jumped 11.5% year-over-year last month.Moreover, Volkswagen is a leader in the rapidly growing EV sector. Last quarter, its global EV sales jumped 24% year-over-year to 118,000. In the EU, overall EV sales soared 40% YOY last month, so Volkswagen’s leadership in the EV sector should boost its growth within Europe. And with the automaker planning to invest a great deal in its EV transformation going forward, it should benefit tremendously from the continued proliferation of EVs in Europe, the U.S., and China.Despite all of these positive catalysts, Volkswagen has a tiny forward price-to-earnings ratio of just 4.9x. That makes it among the best undervalued growth stocks in my book.</body></html>","source":"investorplace","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>7 Undervalued Growth Stocks to Buy Before They Take Off</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n7 Undervalued Growth Stocks to Buy Before They Take Off\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-31 08:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/03/7-undervalued-growth-stocks-to-buy-before-they-take-off/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nRoku (ROKU): Roku is getting a lift from the rebounding TV ad market.Plug Power (PLUG): PLUG is poised to become a major supplier of green hydrogen to a large airlines.Darden (DRI): DRI reported ...\n\n<a href=\"https://investorplace.com/2023/03/7-undervalued-growth-stocks-to-buy-before-they-take-off/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU2089284900.SGD":"Allianz Global Sustainability Cl AM Dis H2-SGD","BK4503":"景林资产持仓","QID":"纳指两倍做空ETF","BK4118":"综合性资本市场","BK4519":"光伏太阳能","PLUG":"普拉格能源","LU1861217088.USD":"贝莱德金融科技A2","BK4581":"高盛持仓","PYPL":"PayPal","SQQQ":"纳指三倍做空ETF","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","BK4096":"电气部件与设备","BK4209":"餐馆","BK4099":"汽车制造商","BK4548":"巴美列捷福持仓","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","BK4541":"氢能源","LU2089283258.USD":"安联环球可持续基金Cl AM Dis","LU1548497426.USD":"安联环球人工智能AT Acc","QLD":"纳指两倍做多ETF","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4528":"SaaS概念","TQQQ":"纳指三倍做多ETF","AAL":"美国航空","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","VWAGY":"大众汽车ADR","BK4532":"文艺复兴科技持仓","BK4554":"元宇宙及AR概念","PSQ":"纳指反向ETF","BK4008":"航空公司","ROKU":"Roku Inc","SQ":"Block","BK4585":"ETF&股票定投概念","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","BK4500":"航空公司","APD":"空气化工","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4101":"工业气体","DRI":"达登饭店","CSIQ":"阿特斯太阳能","BK4566":"资本集团","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4535":"淡马锡持仓","LU2023251221.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (USD) INC","BK4524":"宅经济概念","BK4550":"红杉资本持仓","BK4141":"半导体产品"},"source_url":"https://investorplace.com/2023/03/7-undervalued-growth-stocks-to-buy-before-they-take-off/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2323745014","content_text":"Roku (ROKU): Roku is getting a lift from the rebounding TV ad market.Plug Power (PLUG): PLUG is poised to become a major supplier of green hydrogen to a large airlines.Darden (DRI): DRI reported outstanding quarterly results this month.Keep reading to find the complete list of undervalued growth stocks!Source: REDPIXEL.PL / Shutterstock.comWith the mini-banking crisis ebbing, the Fed poised to stop raising interest rates, and strong economic growth, it’s a good time to find undervalued growth stocks to buy.Significant parts of most of the American banks that have failed in recent weeks have been acquired, while a troublesome European bank, Credit Suisse, was bought by UBS (NYSE:UBS). Meanwhile, the flow of deposits from small banks to large banks “has slowed to a trickle in recent days, CNBC reported on March 25. The latter data indicate that the banking sector is quickly returning to normal after the mini-crisis. As a result, the mini-crisis is unlikely to trigger a recession and almost certainly won’t result in a credit crunch.Further, the Fed is poised to finally take its foot off the brake, as most Fed officials expect to raise rates minimally for the rest of this year.On the economic front, the labor market continues to be very strong, and the central bank expects the economy to grow at a scintillating, annualized pace of 3.2% this quarter.Here are seven undervalued stocks to buy that will enable investors to take advantage of these favorable macro conditions.Undervalued Growth Stocks: Roku (ROKU)Source: Michael Vi / ShutterstockAs I’ve pointed out in past columns, Roku (NASDAQ:ROKU) provides the leading operating system for streaming TV, which has become consumers’ favorite way to watch television. And I’ve noted that the supply chain and ad issues that have plagued the company in recent years should ebb as supply chains continue to improve.Now the Street is catching on to ROKU stock’s strong, positive catalysts. That’s because investment bank Susquehanna raised its rating on ROKU to “positive” from “neutral.” The firm thinks the company’s financial results are “bottoming,” It will benefit over the long term as marketers move more ads to streaming channels.The firm reported that the ad market appears to be improving, while Roku could soon start selling ads to other digital platforms. According to the investment bank, the latter initiative could enable Roku to collect additional “high margin revenue.”ROKU is currently changing hands at a relatively low forward price-sales ratio of 2.35. Given Roku’s tremendous growth potential, I think the shares are meaningfully undervalued at current levels.Plug Power (PLUG)Source: Postmodern Studio / ShutterstockPlug Power (NASDAQ:PLUG) continues to progress toward becoming a green-hydrogen giant. Specifically, the company announced on March 21 that it had found a way to make hydrogen-powered forklifts economical for the first time “for warehouses that operate fewer than 100 electric forklifts.”According to PLUG, such warehouses buy “more than 25% of all forklifts sold in the U.S.”Moreover, Plug provided hydrogen fuel cells for a recent successful test flight of a small plane that was partially powered by hydrogen. The plane is owned by Universal Hydrogen, which carried out the test and has made a deal to supply hydrogen to American Airlines (NASDAQ:AAL) “by 2025.” And America’s smaller, main planes are expected to start utilizing hydrogen around 2029.Since PLUG is a major supplier of green hydrogen and is working with Universal Hydrogen, the latter company will likely buy a great deal of green hydrogen from Plug Power, lifting Plug’s financial results and PLUG stock in the process.Plug Power is trading for just 1.3 times its 2026 revenue guidance of $5 billion, making the shares’ valuation quite attractive.Darden (DRI)Source: ShutterstockDarden (NYSE:DRI), which owns and operates many casual-dining restaurants, delivered beat-and-raise quarterly results on March 23.Specifically, the company’s revenue soared 14% year-over-year, while its same-store sales climbed 11.7%. Meanwhile, Darden’s earnings per share came in at $2.34, and it increased its fiscal 2023 EPS estimate to $7.85-$8 from $7.60-$8.Bank of America responded to the news by raising its price target on DRI stock to $172 from $170. The firm is upbeat on the company’s low-price strategy, and it thinks that DRI could beat its same-restaurant-sales-growth guidance of 3%-5% for the current quarter. The bank maintained a “buy” rating on the shares.And calling Darden’s Q3 results “solid,” RBC Capital raised its price target on the shares to $165 from $160. The bank says that commodity prices are trending downwards, which maintained an “outperform” rating on DRI stock.Given Darden’s strong growth, its forward price-to-earnings ratio of 16.8 times is quite attractive regarding undervalued growth stocks.Air Products & Chemicals (APD)Source: Andy Borysowski / Shutterstock.comInvestorPlace columnist Chris Markoch recently reported that Air Products & Chemicals (NYSE:APD) plans to spend “over $15 billion by 2027 to deliver large amounts of clean hydrogen.”Thus, over the long term, APD will likely deliver strong growth as the demand for green hydrogen by trucking companies, airlines, and many other companies surges tremendously.Supporting my theory, APD CEO Seifi Ghasemi said in February, “We continue to see significant opportunities…to bring green hydrogen to consumers around the world,”And as Markoch points out, the company has low debt and a stable gas business, making the shares appealing to conservative investors. Also noteworthy is that APD expects its earnings per share, excluding certain items, to soar 9%-12% this year to $11.20-$11.50.On March 7, investment bank Evercore added APD to its “Tactical Outpeform” list, citing the company’s favorable valuation and the strong outlook of its industrial gases business.At the midpoint, that equates to a forward price-to-earnings ratio of 23.7 for APD stock. That valuation is very attractive, given the company’s strong profitability and a huge opportunity in green hydrogen.Canadian Solar (CSIQ)Source: Shutter B Photo / Shutterstock.comCanadian Solar (NASDAQ:CSIQ) reported very strong fourth-quarter results, showing that it’s benefiting a great deal from the very rapid proliferation of solar energy. Specifically, the company’s shipments of solar modules soared 68% year-over-year, while its net income jumped almost 300% to $77.8 million. Moreover, its gross margin came in at nearly 17.7%, near the upper end of its guidance range. And analysts, on average, expect its EPS to soar 69% in 2023.Importantly CEO Shawn Qu, speaking on the company’s Q4 earnings call, stated that he thinks gross margins can reach “20% to 30%..in [the] mid to long term.”And impressively, CSIQ stock has a Composite Rating of 89 from IBD, including an RS score of 90,. The latter score indicates that CSIQ stock has meaningfully outperformed the market in the last year.CSIQ should continue to benefit from the quickly increasing use of solar energy in many parts of the world, especially China and Europe, and from the electrification of transportation.The stock’s forward price-to-earnings ratio of 5.75x is extremely low, making it one of the top undervalued growth stocks.PayPal (PYPL)Source: Michael Vi / Shutterstock.comPayPal (NASDAQ:PYPL) is clearly continuing to benefit from the ongoing growth of e-commerce and digital payments, along with strong consumer spending trends. Last quarter, its free cash flow climbed 4%, while it expects its earnings per share, excluding some items, to rise around 24% this quarter versus the same period a year earlier.Going forward, the company may also get a boost from the accusations made by Hindenburg Research against Block (NYSE:SQ). First, some investors who have sold SQ stock because of the accusations could look to buy PayPal instead. And secondly, PayPal does compete with Block to some extent, and some small businesses could give up Block and turn to PayPal in the wake of Hindenburg’s charges.Also noteworthy is that outgoing CEO Dan Schulman, on March 9, said that “I think across our business, we’re seeing strength that’s beyond what we expected.” Schulman said that a rebound of e-commerce, or “discretionary spending,” may be responsible for the rebound.Alternatively, PayPal could be gaining market share, he stated.PYPL stock has a very attractive forward price-to-earnings ratio of 15x.Volkswagen (VWAGY)Source: multitel / Shutterstock.comVolkswagen’s (OTCMKTS:VWAGY) revenue climbed 11.6% last year, and it is second when it comes to global sales of automobiles. Additionally, the company’s earnings before taxes jumped 9.5% last year to 22 billion euros. And in the fourth quarter, its global auto sales climbed 11% compared to a year earlier.Going forward, the automaker should benefit from improving economic trends in the EU. Indeed, the number of “new car registrations” in the bloc jumped 11.5% year-over-year last month.Moreover, Volkswagen is a leader in the rapidly growing EV sector. Last quarter, its global EV sales jumped 24% year-over-year to 118,000. In the EU, overall EV sales soared 40% YOY last month, so Volkswagen’s leadership in the EV sector should boost its growth within Europe. And with the automaker planning to invest a great deal in its EV transformation going forward, it should benefit tremendously from the continued proliferation of EVs in Europe, the U.S., and China.Despite all of these positive catalysts, Volkswagen has a tiny forward price-to-earnings ratio of just 4.9x. That makes it among the best undervalued growth stocks in my book.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9941205063,"gmtCreate":1680252900953,"gmtModify":1680252904474,"author":{"id":"4132300740238052","authorId":"4132300740238052","name":"icycrystal","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"4132300740238052","idStr":"4132300740238052"},"htmlText":"REIT -&nbsp;Good consider investing&nbsp;","listText":"REIT -&nbsp;Good consider investing&nbsp;","text":"REIT - Good consider investing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941205063","repostId":2323745014,"repostType":4,"repost":{"id":"2323745014","pubTimestamp":1680222146,"share":"https://ttm.financial/m/news/2323745014?lang=&edition=fundamental","pubTime":"2023-03-31 08:22","market":"us","language":"en","title":"7 Undervalued Growth Stocks to Buy Before They Take Off","url":"https://stock-news.laohu8.com/highlight/detail?id=2323745014","media":"InvestorPlace","summary":"Roku (ROKU): Roku is getting a lift from the rebounding TV ad market.Plug Power (PLUG): PLUG is pois","content":"<html><head></head><body><ul><li>Roku (ROKU): Roku is getting a lift from the rebounding TV ad market.</li><li>Plug Power (PLUG): PLUG is poised to become a major supplier of green hydrogen to a large airlines.</li><li>Darden (DRI): DRI reported outstanding quarterly results this month.</li><li>Keep reading to find the complete list of undervalued growth stocks!</li></ul><img src=\"https://static.tigerbbs.com/d9691c73d2c90fafebcc65ae4d5ebc19\" tg-width=\"768\" tg-height=\"432\"/>Source: REDPIXEL.PL / Shutterstock.comWith the mini-banking crisis ebbing, the Fed poised to stop raising interest rates, and strong economic growth, it’s a good time to find undervalued growth stocks to buy.Significant parts of most of the American banks that have failed in recent weeks have been acquired, while a troublesome European bank, Credit Suisse, was bought by UBS (NYSE:UBS). Meanwhile, the flow of deposits from small banks to large banks “has slowed to a trickle in recent days, CNBC reported on March 25. The latter data indicate that the banking sector is quickly returning to normal after the mini-crisis. As a result, the mini-crisis is unlikely to trigger a recession and almost certainly won’t result in a credit crunch.Further, the Fed is poised to finally take its foot off the brake, as most Fed officials expect to raise rates minimally for the rest of this year.On the economic front, the labor market continues to be very strong, and the central bank expects the economy to grow at a scintillating, annualized pace of 3.2% this quarter.Here are seven undervalued stocks to buy that will enable investors to take advantage of these favorable macro conditions.<h2>Undervalued Growth Stocks: Roku (ROKU)</h2><img src=\"https://static.tigerbbs.com/a667fe0ddb71e20f994e71009e4d7590\" tg-width=\"300\" tg-height=\"169\"/>Source: Michael Vi / ShutterstockAs I’ve pointed out in past columns, Roku (NASDAQ:ROKU) provides the leading operating system for streaming TV, which has become consumers’ favorite way to watch television. And I’ve noted that the supply chain and ad issues that have plagued the company in recent years should ebb as supply chains continue to improve.Now the Street is catching on to ROKU stock’s strong, positive catalysts. That’s because investment bank Susquehanna raised its rating on ROKU to “positive” from “neutral.” The firm thinks the company’s financial results are “bottoming,” It will benefit over the long term as marketers move more ads to streaming channels.The firm reported that the ad market appears to be improving, while Roku could soon start selling ads to other digital platforms. According to the investment bank, the latter initiative could enable Roku to collect additional “high margin revenue.”ROKU is currently changing hands at a relatively low forward price-sales ratio of 2.35. Given Roku’s tremendous growth potential, I think the shares are meaningfully undervalued at current levels.<h2>Plug Power (PLUG)</h2><img src=\"https://static.tigerbbs.com/8baac56f5c9242be08f484dc5169a823\" tg-width=\"300\" tg-height=\"169\"/>Source: Postmodern Studio / ShutterstockPlug Power (NASDAQ:PLUG) continues to progress toward becoming a green-hydrogen giant. Specifically, the company announced on March 21 that it had found a way to make hydrogen-powered forklifts economical for the first time “for warehouses that operate fewer than 100 electric forklifts.”According to PLUG, such warehouses buy “more than 25% of all forklifts sold in the U.S.”Moreover, Plug provided hydrogen fuel cells for a recent successful test flight of a small plane that was partially powered by hydrogen. The plane is owned by Universal Hydrogen, which carried out the test and has made a deal to supply hydrogen to American Airlines (NASDAQ:AAL) “by 2025.” And America’s smaller, main planes are expected to start utilizing hydrogen around 2029.Since PLUG is a major supplier of green hydrogen and is working with Universal Hydrogen, the latter company will likely buy a great deal of green hydrogen from Plug Power, lifting Plug’s financial results and PLUG stock in the process.Plug Power is trading for just 1.3 times its 2026 revenue guidance of $5 billion, making the shares’ valuation quite attractive.<h2>Darden (DRI)</h2><img src=\"https://static.tigerbbs.com/7bfb9f537e8a9add6ff029343c9197ab\" tg-width=\"300\" tg-height=\"169\"/>Source: ShutterstockDarden (NYSE:DRI), which owns and operates many casual-dining restaurants, delivered beat-and-raise quarterly results on March 23.Specifically, the company’s revenue soared 14% year-over-year, while its same-store sales climbed 11.7%. Meanwhile, Darden’s earnings per share came in at $2.34, and it increased its fiscal 2023 EPS estimate to $7.85-$8 from $7.60-$8.Bank of America responded to the news by raising its price target on DRI stock to $172 from $170. The firm is upbeat on the company’s low-price strategy, and it thinks that DRI could beat its same-restaurant-sales-growth guidance of 3%-5% for the current quarter. The bank maintained a “buy” rating on the shares.And calling Darden’s Q3 results “solid,” RBC Capital raised its price target on the shares to $165 from $160. The bank says that commodity prices are trending downwards, which maintained an “outperform” rating on DRI stock.Given Darden’s strong growth, its forward price-to-earnings ratio of 16.8 times is quite attractive regarding undervalued growth stocks.<h2>Air Products &amp; Chemicals (APD)</h2><img src=\"https://static.tigerbbs.com/0b2f5b1fa69ce6ff3b5589cb9595c036\" tg-width=\"300\" tg-height=\"169\"/>Source: Andy Borysowski / Shutterstock.comInvestorPlace columnist Chris Markoch recently reported that Air Products &amp; Chemicals (NYSE:APD) plans to spend “over $15 billion by 2027 to deliver large amounts of clean hydrogen.”Thus, over the long term, APD will likely deliver strong growth as the demand for green hydrogen by trucking companies, airlines, and many other companies surges tremendously.Supporting my theory, APD CEO Seifi Ghasemi said in February, “We continue to see significant opportunities…to bring green hydrogen to consumers around the world,”And as Markoch points out, the company has low debt and a stable gas business, making the shares appealing to conservative investors. Also noteworthy is that APD expects its earnings per share, excluding certain items, to soar 9%-12% this year to $11.20-$11.50.On March 7, investment bank Evercore added APD to its “Tactical Outpeform” list, citing the company’s favorable valuation and the strong outlook of its industrial gases business.At the midpoint, that equates to a forward price-to-earnings ratio of 23.7 for APD stock. That valuation is very attractive, given the company’s strong profitability and a huge opportunity in green hydrogen.<h2>Canadian Solar (CSIQ)</h2><img src=\"https://static.tigerbbs.com/5f004b89489d4cb1df4ad5b421940e4b\" tg-width=\"300\" tg-height=\"169\"/>Source: Shutter B Photo / Shutterstock.comCanadian Solar (NASDAQ:CSIQ) reported very strong fourth-quarter results, showing that it’s benefiting a great deal from the very rapid proliferation of solar energy. Specifically, the company’s shipments of solar modules soared 68% year-over-year, while its net income jumped almost 300% to $77.8 million. Moreover, its gross margin came in at nearly 17.7%, near the upper end of its guidance range. And analysts, on average, expect its EPS to soar 69% in 2023.Importantly CEO Shawn Qu, speaking on the company’s Q4 earnings call, stated that he thinks gross margins can reach “20% to 30%..in [the] mid to long term.”And impressively, CSIQ stock has a Composite Rating of 89 from IBD, including an RS score of 90,. The latter score indicates that CSIQ stock has meaningfully outperformed the market in the last year.CSIQ should continue to benefit from the quickly increasing use of solar energy in many parts of the world, especially China and Europe, and from the electrification of transportation.The stock’s forward price-to-earnings ratio of 5.75x is extremely low, making it one of the top undervalued growth stocks.<h2><a href=\"https://laohu8.com/S/PYPL\">PayPal</a> (PYPL)</h2><img src=\"https://static.tigerbbs.com/d31459f9b0c14e33810dd1f29612c85a\" tg-width=\"300\" tg-height=\"169\"/>Source: Michael Vi / Shutterstock.comPayPal (NASDAQ:PYPL) is clearly continuing to benefit from the ongoing growth of e-commerce and digital payments, along with strong consumer spending trends. Last quarter, its free cash flow climbed 4%, while it expects its earnings per share, excluding some items, to rise around 24% this quarter versus the same period a year earlier.Going forward, the company may also get a boost from the accusations made by Hindenburg Research against <a href=\"https://laohu8.com/S/SQ\">Block</a> (NYSE:SQ). First, some investors who have sold SQ stock because of the accusations could look to buy PayPal instead. And secondly, PayPal does compete with Block to some extent, and some small businesses could give up Block and turn to PayPal in the wake of Hindenburg’s charges.Also noteworthy is that outgoing CEO Dan Schulman, on March 9, said that “I think across our business, we’re seeing strength that’s beyond what we expected.” Schulman said that a rebound of e-commerce, or “discretionary spending,” may be responsible for the rebound.Alternatively, PayPal could be gaining market share, he stated.PYPL stock has a very attractive forward price-to-earnings ratio of 15x.<h2>Volkswagen (VWAGY)</h2><img src=\"https://static.tigerbbs.com/1245be8a7f8896e9c3e078dcc4bd0ce6\" tg-width=\"300\" tg-height=\"169\"/>Source: multitel / Shutterstock.comVolkswagen’s (OTCMKTS:VWAGY) revenue climbed 11.6% last year, and it is second when it comes to global sales of automobiles. Additionally, the company’s earnings before taxes jumped 9.5% last year to 22 billion euros. And in the fourth quarter, its global auto sales climbed 11% compared to a year earlier.Going forward, the automaker should benefit from improving economic trends in the EU. Indeed, the number of “new car registrations” in the bloc jumped 11.5% year-over-year last month.Moreover, Volkswagen is a leader in the rapidly growing EV sector. Last quarter, its global EV sales jumped 24% year-over-year to 118,000. In the EU, overall EV sales soared 40% YOY last month, so Volkswagen’s leadership in the EV sector should boost its growth within Europe. And with the automaker planning to invest a great deal in its EV transformation going forward, it should benefit tremendously from the continued proliferation of EVs in Europe, the U.S., and China.Despite all of these positive catalysts, Volkswagen has a tiny forward price-to-earnings ratio of just 4.9x. That makes it among the best undervalued growth stocks in my book.</body></html>","source":"investorplace","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>7 Undervalued Growth Stocks to Buy Before They Take Off</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n7 Undervalued Growth Stocks to Buy Before They Take Off\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-31 08:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/03/7-undervalued-growth-stocks-to-buy-before-they-take-off/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nRoku (ROKU): Roku is getting a lift from the rebounding TV ad market.Plug Power (PLUG): PLUG is poised to become a major supplier of green hydrogen to a large airlines.Darden (DRI): DRI reported ...\n\n<a href=\"https://investorplace.com/2023/03/7-undervalued-growth-stocks-to-buy-before-they-take-off/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU2089284900.SGD":"Allianz Global Sustainability Cl AM Dis H2-SGD","BK4503":"景林资产持仓","QID":"纳指两倍做空ETF","BK4118":"综合性资本市场","BK4519":"光伏太阳能","PLUG":"普拉格能源","LU1861217088.USD":"贝莱德金融科技A2","BK4581":"高盛持仓","PYPL":"PayPal","SQQQ":"纳指三倍做空ETF","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","BK4096":"电气部件与设备","BK4209":"餐馆","BK4099":"汽车制造商","BK4548":"巴美列捷福持仓","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","BK4541":"氢能源","LU2089283258.USD":"安联环球可持续基金Cl AM Dis","LU1548497426.USD":"安联环球人工智能AT Acc","QLD":"纳指两倍做多ETF","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4528":"SaaS概念","TQQQ":"纳指三倍做多ETF","AAL":"美国航空","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","VWAGY":"大众汽车ADR","BK4532":"文艺复兴科技持仓","BK4554":"元宇宙及AR概念","PSQ":"纳指反向ETF","BK4008":"航空公司","ROKU":"Roku Inc","SQ":"Block","BK4585":"ETF&股票定投概念","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","BK4500":"航空公司","APD":"空气化工","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4101":"工业气体","DRI":"达登饭店","CSIQ":"阿特斯太阳能","BK4566":"资本集团","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4535":"淡马锡持仓","LU2023251221.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (USD) INC","BK4524":"宅经济概念","BK4550":"红杉资本持仓","BK4141":"半导体产品"},"source_url":"https://investorplace.com/2023/03/7-undervalued-growth-stocks-to-buy-before-they-take-off/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2323745014","content_text":"Roku (ROKU): Roku is getting a lift from the rebounding TV ad market.Plug Power (PLUG): PLUG is poised to become a major supplier of green hydrogen to a large airlines.Darden (DRI): DRI reported outstanding quarterly results this month.Keep reading to find the complete list of undervalued growth stocks!Source: REDPIXEL.PL / Shutterstock.comWith the mini-banking crisis ebbing, the Fed poised to stop raising interest rates, and strong economic growth, it’s a good time to find undervalued growth stocks to buy.Significant parts of most of the American banks that have failed in recent weeks have been acquired, while a troublesome European bank, Credit Suisse, was bought by UBS (NYSE:UBS). Meanwhile, the flow of deposits from small banks to large banks “has slowed to a trickle in recent days, CNBC reported on March 25. The latter data indicate that the banking sector is quickly returning to normal after the mini-crisis. As a result, the mini-crisis is unlikely to trigger a recession and almost certainly won’t result in a credit crunch.Further, the Fed is poised to finally take its foot off the brake, as most Fed officials expect to raise rates minimally for the rest of this year.On the economic front, the labor market continues to be very strong, and the central bank expects the economy to grow at a scintillating, annualized pace of 3.2% this quarter.Here are seven undervalued stocks to buy that will enable investors to take advantage of these favorable macro conditions.Undervalued Growth Stocks: Roku (ROKU)Source: Michael Vi / ShutterstockAs I’ve pointed out in past columns, Roku (NASDAQ:ROKU) provides the leading operating system for streaming TV, which has become consumers’ favorite way to watch television. And I’ve noted that the supply chain and ad issues that have plagued the company in recent years should ebb as supply chains continue to improve.Now the Street is catching on to ROKU stock’s strong, positive catalysts. That’s because investment bank Susquehanna raised its rating on ROKU to “positive” from “neutral.” The firm thinks the company’s financial results are “bottoming,” It will benefit over the long term as marketers move more ads to streaming channels.The firm reported that the ad market appears to be improving, while Roku could soon start selling ads to other digital platforms. According to the investment bank, the latter initiative could enable Roku to collect additional “high margin revenue.”ROKU is currently changing hands at a relatively low forward price-sales ratio of 2.35. Given Roku’s tremendous growth potential, I think the shares are meaningfully undervalued at current levels.Plug Power (PLUG)Source: Postmodern Studio / ShutterstockPlug Power (NASDAQ:PLUG) continues to progress toward becoming a green-hydrogen giant. Specifically, the company announced on March 21 that it had found a way to make hydrogen-powered forklifts economical for the first time “for warehouses that operate fewer than 100 electric forklifts.”According to PLUG, such warehouses buy “more than 25% of all forklifts sold in the U.S.”Moreover, Plug provided hydrogen fuel cells for a recent successful test flight of a small plane that was partially powered by hydrogen. The plane is owned by Universal Hydrogen, which carried out the test and has made a deal to supply hydrogen to American Airlines (NASDAQ:AAL) “by 2025.” And America’s smaller, main planes are expected to start utilizing hydrogen around 2029.Since PLUG is a major supplier of green hydrogen and is working with Universal Hydrogen, the latter company will likely buy a great deal of green hydrogen from Plug Power, lifting Plug’s financial results and PLUG stock in the process.Plug Power is trading for just 1.3 times its 2026 revenue guidance of $5 billion, making the shares’ valuation quite attractive.Darden (DRI)Source: ShutterstockDarden (NYSE:DRI), which owns and operates many casual-dining restaurants, delivered beat-and-raise quarterly results on March 23.Specifically, the company’s revenue soared 14% year-over-year, while its same-store sales climbed 11.7%. Meanwhile, Darden’s earnings per share came in at $2.34, and it increased its fiscal 2023 EPS estimate to $7.85-$8 from $7.60-$8.Bank of America responded to the news by raising its price target on DRI stock to $172 from $170. The firm is upbeat on the company’s low-price strategy, and it thinks that DRI could beat its same-restaurant-sales-growth guidance of 3%-5% for the current quarter. The bank maintained a “buy” rating on the shares.And calling Darden’s Q3 results “solid,” RBC Capital raised its price target on the shares to $165 from $160. The bank says that commodity prices are trending downwards, which maintained an “outperform” rating on DRI stock.Given Darden’s strong growth, its forward price-to-earnings ratio of 16.8 times is quite attractive regarding undervalued growth stocks.Air Products & Chemicals (APD)Source: Andy Borysowski / Shutterstock.comInvestorPlace columnist Chris Markoch recently reported that Air Products & Chemicals (NYSE:APD) plans to spend “over $15 billion by 2027 to deliver large amounts of clean hydrogen.”Thus, over the long term, APD will likely deliver strong growth as the demand for green hydrogen by trucking companies, airlines, and many other companies surges tremendously.Supporting my theory, APD CEO Seifi Ghasemi said in February, “We continue to see significant opportunities…to bring green hydrogen to consumers around the world,”And as Markoch points out, the company has low debt and a stable gas business, making the shares appealing to conservative investors. Also noteworthy is that APD expects its earnings per share, excluding certain items, to soar 9%-12% this year to $11.20-$11.50.On March 7, investment bank Evercore added APD to its “Tactical Outpeform” list, citing the company’s favorable valuation and the strong outlook of its industrial gases business.At the midpoint, that equates to a forward price-to-earnings ratio of 23.7 for APD stock. That valuation is very attractive, given the company’s strong profitability and a huge opportunity in green hydrogen.Canadian Solar (CSIQ)Source: Shutter B Photo / Shutterstock.comCanadian Solar (NASDAQ:CSIQ) reported very strong fourth-quarter results, showing that it’s benefiting a great deal from the very rapid proliferation of solar energy. Specifically, the company’s shipments of solar modules soared 68% year-over-year, while its net income jumped almost 300% to $77.8 million. Moreover, its gross margin came in at nearly 17.7%, near the upper end of its guidance range. And analysts, on average, expect its EPS to soar 69% in 2023.Importantly CEO Shawn Qu, speaking on the company’s Q4 earnings call, stated that he thinks gross margins can reach “20% to 30%..in [the] mid to long term.”And impressively, CSIQ stock has a Composite Rating of 89 from IBD, including an RS score of 90,. The latter score indicates that CSIQ stock has meaningfully outperformed the market in the last year.CSIQ should continue to benefit from the quickly increasing use of solar energy in many parts of the world, especially China and Europe, and from the electrification of transportation.The stock’s forward price-to-earnings ratio of 5.75x is extremely low, making it one of the top undervalued growth stocks.PayPal (PYPL)Source: Michael Vi / Shutterstock.comPayPal (NASDAQ:PYPL) is clearly continuing to benefit from the ongoing growth of e-commerce and digital payments, along with strong consumer spending trends. Last quarter, its free cash flow climbed 4%, while it expects its earnings per share, excluding some items, to rise around 24% this quarter versus the same period a year earlier.Going forward, the company may also get a boost from the accusations made by Hindenburg Research against Block (NYSE:SQ). First, some investors who have sold SQ stock because of the accusations could look to buy PayPal instead. And secondly, PayPal does compete with Block to some extent, and some small businesses could give up Block and turn to PayPal in the wake of Hindenburg’s charges.Also noteworthy is that outgoing CEO Dan Schulman, on March 9, said that “I think across our business, we’re seeing strength that’s beyond what we expected.” Schulman said that a rebound of e-commerce, or “discretionary spending,” may be responsible for the rebound.Alternatively, PayPal could be gaining market share, he stated.PYPL stock has a very attractive forward price-to-earnings ratio of 15x.Volkswagen (VWAGY)Source: multitel / Shutterstock.comVolkswagen’s (OTCMKTS:VWAGY) revenue climbed 11.6% last year, and it is second when it comes to global sales of automobiles. Additionally, the company’s earnings before taxes jumped 9.5% last year to 22 billion euros. And in the fourth quarter, its global auto sales climbed 11% compared to a year earlier.Going forward, the automaker should benefit from improving economic trends in the EU. Indeed, the number of “new car registrations” in the bloc jumped 11.5% year-over-year last month.Moreover, Volkswagen is a leader in the rapidly growing EV sector. Last quarter, its global EV sales jumped 24% year-over-year to 118,000. In the EU, overall EV sales soared 40% YOY last month, so Volkswagen’s leadership in the EV sector should boost its growth within Europe. And with the automaker planning to invest a great deal in its EV transformation going forward, it should benefit tremendously from the continued proliferation of EVs in Europe, the U.S., and China.Despite all of these positive catalysts, Volkswagen has a tiny forward price-to-earnings ratio of just 4.9x. That makes it among the best undervalued growth stocks in my book.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9941674150,"gmtCreate":1680244674370,"gmtModify":1680244679129,"author":{"id":"3575595150850001","authorId":"3575595150850001","name":"OngCK","avatar":"https://static.tigerbbs.com/d48712c91608dbd0ea50712fabae2287","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3575595150850001","idStr":"3575595150850001"},"htmlText":"Like and comment pls&nbsp;","listText":"Like and comment pls&nbsp;","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941674150","repostId":2323745014,"repostType":4,"repost":{"id":"2323745014","pubTimestamp":1680222146,"share":"https://ttm.financial/m/news/2323745014?lang=&edition=fundamental","pubTime":"2023-03-31 08:22","market":"us","language":"en","title":"7 Undervalued Growth Stocks to Buy Before They Take Off","url":"https://stock-news.laohu8.com/highlight/detail?id=2323745014","media":"InvestorPlace","summary":"Roku (ROKU): Roku is getting a lift from the rebounding TV ad market.Plug Power (PLUG): PLUG is pois","content":"<html><head></head><body><ul><li>Roku (ROKU): Roku is getting a lift from the rebounding TV ad market.</li><li>Plug Power (PLUG): PLUG is poised to become a major supplier of green hydrogen to a large airlines.</li><li>Darden (DRI): DRI reported outstanding quarterly results this month.</li><li>Keep reading to find the complete list of undervalued growth stocks!</li></ul><img src=\"https://static.tigerbbs.com/d9691c73d2c90fafebcc65ae4d5ebc19\" tg-width=\"768\" tg-height=\"432\"/>Source: REDPIXEL.PL / Shutterstock.comWith the mini-banking crisis ebbing, the Fed poised to stop raising interest rates, and strong economic growth, it’s a good time to find undervalued growth stocks to buy.Significant parts of most of the American banks that have failed in recent weeks have been acquired, while a troublesome European bank, Credit Suisse, was bought by UBS (NYSE:UBS). Meanwhile, the flow of deposits from small banks to large banks “has slowed to a trickle in recent days, CNBC reported on March 25. The latter data indicate that the banking sector is quickly returning to normal after the mini-crisis. As a result, the mini-crisis is unlikely to trigger a recession and almost certainly won’t result in a credit crunch.Further, the Fed is poised to finally take its foot off the brake, as most Fed officials expect to raise rates minimally for the rest of this year.On the economic front, the labor market continues to be very strong, and the central bank expects the economy to grow at a scintillating, annualized pace of 3.2% this quarter.Here are seven undervalued stocks to buy that will enable investors to take advantage of these favorable macro conditions.<h2>Undervalued Growth Stocks: Roku (ROKU)</h2><img src=\"https://static.tigerbbs.com/a667fe0ddb71e20f994e71009e4d7590\" tg-width=\"300\" tg-height=\"169\"/>Source: Michael Vi / ShutterstockAs I’ve pointed out in past columns, Roku (NASDAQ:ROKU) provides the leading operating system for streaming TV, which has become consumers’ favorite way to watch television. And I’ve noted that the supply chain and ad issues that have plagued the company in recent years should ebb as supply chains continue to improve.Now the Street is catching on to ROKU stock’s strong, positive catalysts. That’s because investment bank Susquehanna raised its rating on ROKU to “positive” from “neutral.” The firm thinks the company’s financial results are “bottoming,” It will benefit over the long term as marketers move more ads to streaming channels.The firm reported that the ad market appears to be improving, while Roku could soon start selling ads to other digital platforms. According to the investment bank, the latter initiative could enable Roku to collect additional “high margin revenue.”ROKU is currently changing hands at a relatively low forward price-sales ratio of 2.35. Given Roku’s tremendous growth potential, I think the shares are meaningfully undervalued at current levels.<h2>Plug Power (PLUG)</h2><img src=\"https://static.tigerbbs.com/8baac56f5c9242be08f484dc5169a823\" tg-width=\"300\" tg-height=\"169\"/>Source: Postmodern Studio / ShutterstockPlug Power (NASDAQ:PLUG) continues to progress toward becoming a green-hydrogen giant. Specifically, the company announced on March 21 that it had found a way to make hydrogen-powered forklifts economical for the first time “for warehouses that operate fewer than 100 electric forklifts.”According to PLUG, such warehouses buy “more than 25% of all forklifts sold in the U.S.”Moreover, Plug provided hydrogen fuel cells for a recent successful test flight of a small plane that was partially powered by hydrogen. The plane is owned by Universal Hydrogen, which carried out the test and has made a deal to supply hydrogen to American Airlines (NASDAQ:AAL) “by 2025.” And America’s smaller, main planes are expected to start utilizing hydrogen around 2029.Since PLUG is a major supplier of green hydrogen and is working with Universal Hydrogen, the latter company will likely buy a great deal of green hydrogen from Plug Power, lifting Plug’s financial results and PLUG stock in the process.Plug Power is trading for just 1.3 times its 2026 revenue guidance of $5 billion, making the shares’ valuation quite attractive.<h2>Darden (DRI)</h2><img src=\"https://static.tigerbbs.com/7bfb9f537e8a9add6ff029343c9197ab\" tg-width=\"300\" tg-height=\"169\"/>Source: ShutterstockDarden (NYSE:DRI), which owns and operates many casual-dining restaurants, delivered beat-and-raise quarterly results on March 23.Specifically, the company’s revenue soared 14% year-over-year, while its same-store sales climbed 11.7%. Meanwhile, Darden’s earnings per share came in at $2.34, and it increased its fiscal 2023 EPS estimate to $7.85-$8 from $7.60-$8.Bank of America responded to the news by raising its price target on DRI stock to $172 from $170. The firm is upbeat on the company’s low-price strategy, and it thinks that DRI could beat its same-restaurant-sales-growth guidance of 3%-5% for the current quarter. The bank maintained a “buy” rating on the shares.And calling Darden’s Q3 results “solid,” RBC Capital raised its price target on the shares to $165 from $160. The bank says that commodity prices are trending downwards, which maintained an “outperform” rating on DRI stock.Given Darden’s strong growth, its forward price-to-earnings ratio of 16.8 times is quite attractive regarding undervalued growth stocks.<h2>Air Products &amp; Chemicals (APD)</h2><img src=\"https://static.tigerbbs.com/0b2f5b1fa69ce6ff3b5589cb9595c036\" tg-width=\"300\" tg-height=\"169\"/>Source: Andy Borysowski / Shutterstock.comInvestorPlace columnist Chris Markoch recently reported that Air Products &amp; Chemicals (NYSE:APD) plans to spend “over $15 billion by 2027 to deliver large amounts of clean hydrogen.”Thus, over the long term, APD will likely deliver strong growth as the demand for green hydrogen by trucking companies, airlines, and many other companies surges tremendously.Supporting my theory, APD CEO Seifi Ghasemi said in February, “We continue to see significant opportunities…to bring green hydrogen to consumers around the world,”And as Markoch points out, the company has low debt and a stable gas business, making the shares appealing to conservative investors. Also noteworthy is that APD expects its earnings per share, excluding certain items, to soar 9%-12% this year to $11.20-$11.50.On March 7, investment bank Evercore added APD to its “Tactical Outpeform” list, citing the company’s favorable valuation and the strong outlook of its industrial gases business.At the midpoint, that equates to a forward price-to-earnings ratio of 23.7 for APD stock. That valuation is very attractive, given the company’s strong profitability and a huge opportunity in green hydrogen.<h2>Canadian Solar (CSIQ)</h2><img src=\"https://static.tigerbbs.com/5f004b89489d4cb1df4ad5b421940e4b\" tg-width=\"300\" tg-height=\"169\"/>Source: Shutter B Photo / Shutterstock.comCanadian Solar (NASDAQ:CSIQ) reported very strong fourth-quarter results, showing that it’s benefiting a great deal from the very rapid proliferation of solar energy. Specifically, the company’s shipments of solar modules soared 68% year-over-year, while its net income jumped almost 300% to $77.8 million. Moreover, its gross margin came in at nearly 17.7%, near the upper end of its guidance range. And analysts, on average, expect its EPS to soar 69% in 2023.Importantly CEO Shawn Qu, speaking on the company’s Q4 earnings call, stated that he thinks gross margins can reach “20% to 30%..in [the] mid to long term.”And impressively, CSIQ stock has a Composite Rating of 89 from IBD, including an RS score of 90,. The latter score indicates that CSIQ stock has meaningfully outperformed the market in the last year.CSIQ should continue to benefit from the quickly increasing use of solar energy in many parts of the world, especially China and Europe, and from the electrification of transportation.The stock’s forward price-to-earnings ratio of 5.75x is extremely low, making it one of the top undervalued growth stocks.<h2><a href=\"https://laohu8.com/S/PYPL\">PayPal</a> (PYPL)</h2><img src=\"https://static.tigerbbs.com/d31459f9b0c14e33810dd1f29612c85a\" tg-width=\"300\" tg-height=\"169\"/>Source: Michael Vi / Shutterstock.comPayPal (NASDAQ:PYPL) is clearly continuing to benefit from the ongoing growth of e-commerce and digital payments, along with strong consumer spending trends. Last quarter, its free cash flow climbed 4%, while it expects its earnings per share, excluding some items, to rise around 24% this quarter versus the same period a year earlier.Going forward, the company may also get a boost from the accusations made by Hindenburg Research against <a href=\"https://laohu8.com/S/SQ\">Block</a> (NYSE:SQ). First, some investors who have sold SQ stock because of the accusations could look to buy PayPal instead. And secondly, PayPal does compete with Block to some extent, and some small businesses could give up Block and turn to PayPal in the wake of Hindenburg’s charges.Also noteworthy is that outgoing CEO Dan Schulman, on March 9, said that “I think across our business, we’re seeing strength that’s beyond what we expected.” Schulman said that a rebound of e-commerce, or “discretionary spending,” may be responsible for the rebound.Alternatively, PayPal could be gaining market share, he stated.PYPL stock has a very attractive forward price-to-earnings ratio of 15x.<h2>Volkswagen (VWAGY)</h2><img src=\"https://static.tigerbbs.com/1245be8a7f8896e9c3e078dcc4bd0ce6\" tg-width=\"300\" tg-height=\"169\"/>Source: multitel / Shutterstock.comVolkswagen’s (OTCMKTS:VWAGY) revenue climbed 11.6% last year, and it is second when it comes to global sales of automobiles. Additionally, the company’s earnings before taxes jumped 9.5% last year to 22 billion euros. And in the fourth quarter, its global auto sales climbed 11% compared to a year earlier.Going forward, the automaker should benefit from improving economic trends in the EU. Indeed, the number of “new car registrations” in the bloc jumped 11.5% year-over-year last month.Moreover, Volkswagen is a leader in the rapidly growing EV sector. Last quarter, its global EV sales jumped 24% year-over-year to 118,000. In the EU, overall EV sales soared 40% YOY last month, so Volkswagen’s leadership in the EV sector should boost its growth within Europe. And with the automaker planning to invest a great deal in its EV transformation going forward, it should benefit tremendously from the continued proliferation of EVs in Europe, the U.S., and China.Despite all of these positive catalysts, Volkswagen has a tiny forward price-to-earnings ratio of just 4.9x. That makes it among the best undervalued growth stocks in my book.</body></html>","source":"investorplace","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>7 Undervalued Growth Stocks to Buy Before They Take Off</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n7 Undervalued Growth Stocks to Buy Before They Take Off\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-31 08:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/03/7-undervalued-growth-stocks-to-buy-before-they-take-off/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nRoku (ROKU): Roku is getting a lift from the rebounding TV ad market.Plug Power (PLUG): PLUG is poised to become a major supplier of green hydrogen to a large airlines.Darden (DRI): DRI reported ...\n\n<a href=\"https://investorplace.com/2023/03/7-undervalued-growth-stocks-to-buy-before-they-take-off/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU2089284900.SGD":"Allianz Global Sustainability Cl AM Dis H2-SGD","BK4503":"景林资产持仓","QID":"纳指两倍做空ETF","BK4118":"综合性资本市场","BK4519":"光伏太阳能","PLUG":"普拉格能源","LU1861217088.USD":"贝莱德金融科技A2","BK4581":"高盛持仓","PYPL":"PayPal","SQQQ":"纳指三倍做空ETF","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","BK4096":"电气部件与设备","BK4209":"餐馆","BK4099":"汽车制造商","BK4548":"巴美列捷福持仓","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","BK4541":"氢能源","LU2089283258.USD":"安联环球可持续基金Cl AM Dis","LU1548497426.USD":"安联环球人工智能AT Acc","QLD":"纳指两倍做多ETF","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4528":"SaaS概念","TQQQ":"纳指三倍做多ETF","AAL":"美国航空","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","VWAGY":"大众汽车ADR","BK4532":"文艺复兴科技持仓","BK4554":"元宇宙及AR概念","PSQ":"纳指反向ETF","BK4008":"航空公司","ROKU":"Roku Inc","SQ":"Block","BK4585":"ETF&股票定投概念","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","BK4500":"航空公司","APD":"空气化工","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4101":"工业气体","DRI":"达登饭店","CSIQ":"阿特斯太阳能","BK4566":"资本集团","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4535":"淡马锡持仓","LU2023251221.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (USD) INC","BK4524":"宅经济概念","BK4550":"红杉资本持仓","BK4141":"半导体产品"},"source_url":"https://investorplace.com/2023/03/7-undervalued-growth-stocks-to-buy-before-they-take-off/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2323745014","content_text":"Roku (ROKU): Roku is getting a lift from the rebounding TV ad market.Plug Power (PLUG): PLUG is poised to become a major supplier of green hydrogen to a large airlines.Darden (DRI): DRI reported outstanding quarterly results this month.Keep reading to find the complete list of undervalued growth stocks!Source: REDPIXEL.PL / Shutterstock.comWith the mini-banking crisis ebbing, the Fed poised to stop raising interest rates, and strong economic growth, it’s a good time to find undervalued growth stocks to buy.Significant parts of most of the American banks that have failed in recent weeks have been acquired, while a troublesome European bank, Credit Suisse, was bought by UBS (NYSE:UBS). Meanwhile, the flow of deposits from small banks to large banks “has slowed to a trickle in recent days, CNBC reported on March 25. The latter data indicate that the banking sector is quickly returning to normal after the mini-crisis. As a result, the mini-crisis is unlikely to trigger a recession and almost certainly won’t result in a credit crunch.Further, the Fed is poised to finally take its foot off the brake, as most Fed officials expect to raise rates minimally for the rest of this year.On the economic front, the labor market continues to be very strong, and the central bank expects the economy to grow at a scintillating, annualized pace of 3.2% this quarter.Here are seven undervalued stocks to buy that will enable investors to take advantage of these favorable macro conditions.Undervalued Growth Stocks: Roku (ROKU)Source: Michael Vi / ShutterstockAs I’ve pointed out in past columns, Roku (NASDAQ:ROKU) provides the leading operating system for streaming TV, which has become consumers’ favorite way to watch television. And I’ve noted that the supply chain and ad issues that have plagued the company in recent years should ebb as supply chains continue to improve.Now the Street is catching on to ROKU stock’s strong, positive catalysts. That’s because investment bank Susquehanna raised its rating on ROKU to “positive” from “neutral.” The firm thinks the company’s financial results are “bottoming,” It will benefit over the long term as marketers move more ads to streaming channels.The firm reported that the ad market appears to be improving, while Roku could soon start selling ads to other digital platforms. According to the investment bank, the latter initiative could enable Roku to collect additional “high margin revenue.”ROKU is currently changing hands at a relatively low forward price-sales ratio of 2.35. Given Roku’s tremendous growth potential, I think the shares are meaningfully undervalued at current levels.Plug Power (PLUG)Source: Postmodern Studio / ShutterstockPlug Power (NASDAQ:PLUG) continues to progress toward becoming a green-hydrogen giant. Specifically, the company announced on March 21 that it had found a way to make hydrogen-powered forklifts economical for the first time “for warehouses that operate fewer than 100 electric forklifts.”According to PLUG, such warehouses buy “more than 25% of all forklifts sold in the U.S.”Moreover, Plug provided hydrogen fuel cells for a recent successful test flight of a small plane that was partially powered by hydrogen. The plane is owned by Universal Hydrogen, which carried out the test and has made a deal to supply hydrogen to American Airlines (NASDAQ:AAL) “by 2025.” And America’s smaller, main planes are expected to start utilizing hydrogen around 2029.Since PLUG is a major supplier of green hydrogen and is working with Universal Hydrogen, the latter company will likely buy a great deal of green hydrogen from Plug Power, lifting Plug’s financial results and PLUG stock in the process.Plug Power is trading for just 1.3 times its 2026 revenue guidance of $5 billion, making the shares’ valuation quite attractive.Darden (DRI)Source: ShutterstockDarden (NYSE:DRI), which owns and operates many casual-dining restaurants, delivered beat-and-raise quarterly results on March 23.Specifically, the company’s revenue soared 14% year-over-year, while its same-store sales climbed 11.7%. Meanwhile, Darden’s earnings per share came in at $2.34, and it increased its fiscal 2023 EPS estimate to $7.85-$8 from $7.60-$8.Bank of America responded to the news by raising its price target on DRI stock to $172 from $170. The firm is upbeat on the company’s low-price strategy, and it thinks that DRI could beat its same-restaurant-sales-growth guidance of 3%-5% for the current quarter. The bank maintained a “buy” rating on the shares.And calling Darden’s Q3 results “solid,” RBC Capital raised its price target on the shares to $165 from $160. The bank says that commodity prices are trending downwards, which maintained an “outperform” rating on DRI stock.Given Darden’s strong growth, its forward price-to-earnings ratio of 16.8 times is quite attractive regarding undervalued growth stocks.Air Products & Chemicals (APD)Source: Andy Borysowski / Shutterstock.comInvestorPlace columnist Chris Markoch recently reported that Air Products & Chemicals (NYSE:APD) plans to spend “over $15 billion by 2027 to deliver large amounts of clean hydrogen.”Thus, over the long term, APD will likely deliver strong growth as the demand for green hydrogen by trucking companies, airlines, and many other companies surges tremendously.Supporting my theory, APD CEO Seifi Ghasemi said in February, “We continue to see significant opportunities…to bring green hydrogen to consumers around the world,”And as Markoch points out, the company has low debt and a stable gas business, making the shares appealing to conservative investors. Also noteworthy is that APD expects its earnings per share, excluding certain items, to soar 9%-12% this year to $11.20-$11.50.On March 7, investment bank Evercore added APD to its “Tactical Outpeform” list, citing the company’s favorable valuation and the strong outlook of its industrial gases business.At the midpoint, that equates to a forward price-to-earnings ratio of 23.7 for APD stock. That valuation is very attractive, given the company’s strong profitability and a huge opportunity in green hydrogen.Canadian Solar (CSIQ)Source: Shutter B Photo / Shutterstock.comCanadian Solar (NASDAQ:CSIQ) reported very strong fourth-quarter results, showing that it’s benefiting a great deal from the very rapid proliferation of solar energy. Specifically, the company’s shipments of solar modules soared 68% year-over-year, while its net income jumped almost 300% to $77.8 million. Moreover, its gross margin came in at nearly 17.7%, near the upper end of its guidance range. And analysts, on average, expect its EPS to soar 69% in 2023.Importantly CEO Shawn Qu, speaking on the company’s Q4 earnings call, stated that he thinks gross margins can reach “20% to 30%..in [the] mid to long term.”And impressively, CSIQ stock has a Composite Rating of 89 from IBD, including an RS score of 90,. The latter score indicates that CSIQ stock has meaningfully outperformed the market in the last year.CSIQ should continue to benefit from the quickly increasing use of solar energy in many parts of the world, especially China and Europe, and from the electrification of transportation.The stock’s forward price-to-earnings ratio of 5.75x is extremely low, making it one of the top undervalued growth stocks.PayPal (PYPL)Source: Michael Vi / Shutterstock.comPayPal (NASDAQ:PYPL) is clearly continuing to benefit from the ongoing growth of e-commerce and digital payments, along with strong consumer spending trends. Last quarter, its free cash flow climbed 4%, while it expects its earnings per share, excluding some items, to rise around 24% this quarter versus the same period a year earlier.Going forward, the company may also get a boost from the accusations made by Hindenburg Research against Block (NYSE:SQ). First, some investors who have sold SQ stock because of the accusations could look to buy PayPal instead. And secondly, PayPal does compete with Block to some extent, and some small businesses could give up Block and turn to PayPal in the wake of Hindenburg’s charges.Also noteworthy is that outgoing CEO Dan Schulman, on March 9, said that “I think across our business, we’re seeing strength that’s beyond what we expected.” Schulman said that a rebound of e-commerce, or “discretionary spending,” may be responsible for the rebound.Alternatively, PayPal could be gaining market share, he stated.PYPL stock has a very attractive forward price-to-earnings ratio of 15x.Volkswagen (VWAGY)Source: multitel / Shutterstock.comVolkswagen’s (OTCMKTS:VWAGY) revenue climbed 11.6% last year, and it is second when it comes to global sales of automobiles. Additionally, the company’s earnings before taxes jumped 9.5% last year to 22 billion euros. And in the fourth quarter, its global auto sales climbed 11% compared to a year earlier.Going forward, the automaker should benefit from improving economic trends in the EU. Indeed, the number of “new car registrations” in the bloc jumped 11.5% year-over-year last month.Moreover, Volkswagen is a leader in the rapidly growing EV sector. Last quarter, its global EV sales jumped 24% year-over-year to 118,000. In the EU, overall EV sales soared 40% YOY last month, so Volkswagen’s leadership in the EV sector should boost its growth within Europe. And with the automaker planning to invest a great deal in its EV transformation going forward, it should benefit tremendously from the continued proliferation of EVs in Europe, the U.S., and China.Despite all of these positive catalysts, Volkswagen has a tiny forward price-to-earnings ratio of just 4.9x. That makes it among the best undervalued growth stocks in my book.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9941678552,"gmtCreate":1680239965477,"gmtModify":1680239969293,"author":{"id":"3578690837330197","authorId":"3578690837330197","name":"Goupppppppp","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3578690837330197","idStr":"3578690837330197"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9941678552","repostId":2323745014,"repostType":2,"repost":{"id":"2323745014","pubTimestamp":1680222146,"share":"https://ttm.financial/m/news/2323745014?lang=&edition=fundamental","pubTime":"2023-03-31 08:22","market":"us","language":"en","title":"7 Undervalued Growth Stocks to Buy Before They Take Off","url":"https://stock-news.laohu8.com/highlight/detail?id=2323745014","media":"InvestorPlace","summary":"Roku (ROKU): Roku is getting a lift from the rebounding TV ad market.Plug Power (PLUG): PLUG is pois","content":"<html><head></head><body><ul><li>Roku (ROKU): Roku is getting a lift from the rebounding TV ad market.</li><li>Plug Power (PLUG): PLUG is poised to become a major supplier of green hydrogen to a large airlines.</li><li>Darden (DRI): DRI reported outstanding quarterly results this month.</li><li>Keep reading to find the complete list of undervalued growth stocks!</li></ul><img src=\"https://static.tigerbbs.com/d9691c73d2c90fafebcc65ae4d5ebc19\" tg-width=\"768\" tg-height=\"432\"/>Source: REDPIXEL.PL / Shutterstock.comWith the mini-banking crisis ebbing, the Fed poised to stop raising interest rates, and strong economic growth, it’s a good time to find undervalued growth stocks to buy.Significant parts of most of the American banks that have failed in recent weeks have been acquired, while a troublesome European bank, Credit Suisse, was bought by UBS (NYSE:UBS). Meanwhile, the flow of deposits from small banks to large banks “has slowed to a trickle in recent days, CNBC reported on March 25. The latter data indicate that the banking sector is quickly returning to normal after the mini-crisis. As a result, the mini-crisis is unlikely to trigger a recession and almost certainly won’t result in a credit crunch.Further, the Fed is poised to finally take its foot off the brake, as most Fed officials expect to raise rates minimally for the rest of this year.On the economic front, the labor market continues to be very strong, and the central bank expects the economy to grow at a scintillating, annualized pace of 3.2% this quarter.Here are seven undervalued stocks to buy that will enable investors to take advantage of these favorable macro conditions.<h2>Undervalued Growth Stocks: Roku (ROKU)</h2><img src=\"https://static.tigerbbs.com/a667fe0ddb71e20f994e71009e4d7590\" tg-width=\"300\" tg-height=\"169\"/>Source: Michael Vi / ShutterstockAs I’ve pointed out in past columns, Roku (NASDAQ:ROKU) provides the leading operating system for streaming TV, which has become consumers’ favorite way to watch television. And I’ve noted that the supply chain and ad issues that have plagued the company in recent years should ebb as supply chains continue to improve.Now the Street is catching on to ROKU stock’s strong, positive catalysts. That’s because investment bank Susquehanna raised its rating on ROKU to “positive” from “neutral.” The firm thinks the company’s financial results are “bottoming,” It will benefit over the long term as marketers move more ads to streaming channels.The firm reported that the ad market appears to be improving, while Roku could soon start selling ads to other digital platforms. According to the investment bank, the latter initiative could enable Roku to collect additional “high margin revenue.”ROKU is currently changing hands at a relatively low forward price-sales ratio of 2.35. Given Roku’s tremendous growth potential, I think the shares are meaningfully undervalued at current levels.<h2>Plug Power (PLUG)</h2><img src=\"https://static.tigerbbs.com/8baac56f5c9242be08f484dc5169a823\" tg-width=\"300\" tg-height=\"169\"/>Source: Postmodern Studio / ShutterstockPlug Power (NASDAQ:PLUG) continues to progress toward becoming a green-hydrogen giant. Specifically, the company announced on March 21 that it had found a way to make hydrogen-powered forklifts economical for the first time “for warehouses that operate fewer than 100 electric forklifts.”According to PLUG, such warehouses buy “more than 25% of all forklifts sold in the U.S.”Moreover, Plug provided hydrogen fuel cells for a recent successful test flight of a small plane that was partially powered by hydrogen. The plane is owned by Universal Hydrogen, which carried out the test and has made a deal to supply hydrogen to American Airlines (NASDAQ:AAL) “by 2025.” And America’s smaller, main planes are expected to start utilizing hydrogen around 2029.Since PLUG is a major supplier of green hydrogen and is working with Universal Hydrogen, the latter company will likely buy a great deal of green hydrogen from Plug Power, lifting Plug’s financial results and PLUG stock in the process.Plug Power is trading for just 1.3 times its 2026 revenue guidance of $5 billion, making the shares’ valuation quite attractive.<h2>Darden (DRI)</h2><img src=\"https://static.tigerbbs.com/7bfb9f537e8a9add6ff029343c9197ab\" tg-width=\"300\" tg-height=\"169\"/>Source: ShutterstockDarden (NYSE:DRI), which owns and operates many casual-dining restaurants, delivered beat-and-raise quarterly results on March 23.Specifically, the company’s revenue soared 14% year-over-year, while its same-store sales climbed 11.7%. Meanwhile, Darden’s earnings per share came in at $2.34, and it increased its fiscal 2023 EPS estimate to $7.85-$8 from $7.60-$8.Bank of America responded to the news by raising its price target on DRI stock to $172 from $170. The firm is upbeat on the company’s low-price strategy, and it thinks that DRI could beat its same-restaurant-sales-growth guidance of 3%-5% for the current quarter. The bank maintained a “buy” rating on the shares.And calling Darden’s Q3 results “solid,” RBC Capital raised its price target on the shares to $165 from $160. The bank says that commodity prices are trending downwards, which maintained an “outperform” rating on DRI stock.Given Darden’s strong growth, its forward price-to-earnings ratio of 16.8 times is quite attractive regarding undervalued growth stocks.<h2>Air Products &amp; Chemicals (APD)</h2><img src=\"https://static.tigerbbs.com/0b2f5b1fa69ce6ff3b5589cb9595c036\" tg-width=\"300\" tg-height=\"169\"/>Source: Andy Borysowski / Shutterstock.comInvestorPlace columnist Chris Markoch recently reported that Air Products &amp; Chemicals (NYSE:APD) plans to spend “over $15 billion by 2027 to deliver large amounts of clean hydrogen.”Thus, over the long term, APD will likely deliver strong growth as the demand for green hydrogen by trucking companies, airlines, and many other companies surges tremendously.Supporting my theory, APD CEO Seifi Ghasemi said in February, “We continue to see significant opportunities…to bring green hydrogen to consumers around the world,”And as Markoch points out, the company has low debt and a stable gas business, making the shares appealing to conservative investors. Also noteworthy is that APD expects its earnings per share, excluding certain items, to soar 9%-12% this year to $11.20-$11.50.On March 7, investment bank Evercore added APD to its “Tactical Outpeform” list, citing the company’s favorable valuation and the strong outlook of its industrial gases business.At the midpoint, that equates to a forward price-to-earnings ratio of 23.7 for APD stock. That valuation is very attractive, given the company’s strong profitability and a huge opportunity in green hydrogen.<h2>Canadian Solar (CSIQ)</h2><img src=\"https://static.tigerbbs.com/5f004b89489d4cb1df4ad5b421940e4b\" tg-width=\"300\" tg-height=\"169\"/>Source: Shutter B Photo / Shutterstock.comCanadian Solar (NASDAQ:CSIQ) reported very strong fourth-quarter results, showing that it’s benefiting a great deal from the very rapid proliferation of solar energy. Specifically, the company’s shipments of solar modules soared 68% year-over-year, while its net income jumped almost 300% to $77.8 million. Moreover, its gross margin came in at nearly 17.7%, near the upper end of its guidance range. And analysts, on average, expect its EPS to soar 69% in 2023.Importantly CEO Shawn Qu, speaking on the company’s Q4 earnings call, stated that he thinks gross margins can reach “20% to 30%..in [the] mid to long term.”And impressively, CSIQ stock has a Composite Rating of 89 from IBD, including an RS score of 90,. The latter score indicates that CSIQ stock has meaningfully outperformed the market in the last year.CSIQ should continue to benefit from the quickly increasing use of solar energy in many parts of the world, especially China and Europe, and from the electrification of transportation.The stock’s forward price-to-earnings ratio of 5.75x is extremely low, making it one of the top undervalued growth stocks.<h2><a href=\"https://laohu8.com/S/PYPL\">PayPal</a> (PYPL)</h2><img src=\"https://static.tigerbbs.com/d31459f9b0c14e33810dd1f29612c85a\" tg-width=\"300\" tg-height=\"169\"/>Source: Michael Vi / Shutterstock.comPayPal (NASDAQ:PYPL) is clearly continuing to benefit from the ongoing growth of e-commerce and digital payments, along with strong consumer spending trends. Last quarter, its free cash flow climbed 4%, while it expects its earnings per share, excluding some items, to rise around 24% this quarter versus the same period a year earlier.Going forward, the company may also get a boost from the accusations made by Hindenburg Research against <a href=\"https://laohu8.com/S/SQ\">Block</a> (NYSE:SQ). First, some investors who have sold SQ stock because of the accusations could look to buy PayPal instead. And secondly, PayPal does compete with Block to some extent, and some small businesses could give up Block and turn to PayPal in the wake of Hindenburg’s charges.Also noteworthy is that outgoing CEO Dan Schulman, on March 9, said that “I think across our business, we’re seeing strength that’s beyond what we expected.” Schulman said that a rebound of e-commerce, or “discretionary spending,” may be responsible for the rebound.Alternatively, PayPal could be gaining market share, he stated.PYPL stock has a very attractive forward price-to-earnings ratio of 15x.<h2>Volkswagen (VWAGY)</h2><img src=\"https://static.tigerbbs.com/1245be8a7f8896e9c3e078dcc4bd0ce6\" tg-width=\"300\" tg-height=\"169\"/>Source: multitel / Shutterstock.comVolkswagen’s (OTCMKTS:VWAGY) revenue climbed 11.6% last year, and it is second when it comes to global sales of automobiles. Additionally, the company’s earnings before taxes jumped 9.5% last year to 22 billion euros. And in the fourth quarter, its global auto sales climbed 11% compared to a year earlier.Going forward, the automaker should benefit from improving economic trends in the EU. Indeed, the number of “new car registrations” in the bloc jumped 11.5% year-over-year last month.Moreover, Volkswagen is a leader in the rapidly growing EV sector. Last quarter, its global EV sales jumped 24% year-over-year to 118,000. In the EU, overall EV sales soared 40% YOY last month, so Volkswagen’s leadership in the EV sector should boost its growth within Europe. And with the automaker planning to invest a great deal in its EV transformation going forward, it should benefit tremendously from the continued proliferation of EVs in Europe, the U.S., and China.Despite all of these positive catalysts, Volkswagen has a tiny forward price-to-earnings ratio of just 4.9x. That makes it among the best undervalued growth stocks in my book.</body></html>","source":"investorplace","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>7 Undervalued Growth Stocks to Buy Before They Take Off</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n7 Undervalued Growth Stocks to Buy Before They Take Off\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-31 08:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/03/7-undervalued-growth-stocks-to-buy-before-they-take-off/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nRoku (ROKU): Roku is getting a lift from the rebounding TV ad market.Plug Power (PLUG): PLUG is poised to become a major supplier of green hydrogen to a large airlines.Darden (DRI): DRI reported ...\n\n<a href=\"https://investorplace.com/2023/03/7-undervalued-growth-stocks-to-buy-before-they-take-off/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU2089284900.SGD":"Allianz Global Sustainability Cl AM Dis H2-SGD","BK4503":"景林资产持仓","QID":"纳指两倍做空ETF","BK4118":"综合性资本市场","BK4519":"光伏太阳能","PLUG":"普拉格能源","LU1861217088.USD":"贝莱德金融科技A2","BK4581":"高盛持仓","PYPL":"PayPal","SQQQ":"纳指三倍做空ETF","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","BK4096":"电气部件与设备","BK4209":"餐馆","BK4099":"汽车制造商","BK4548":"巴美列捷福持仓","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","BK4541":"氢能源","LU2089283258.USD":"安联环球可持续基金Cl AM Dis","LU1548497426.USD":"安联环球人工智能AT Acc","QLD":"纳指两倍做多ETF","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4528":"SaaS概念","TQQQ":"纳指三倍做多ETF","AAL":"美国航空","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","VWAGY":"大众汽车ADR","BK4532":"文艺复兴科技持仓","BK4554":"元宇宙及AR概念","PSQ":"纳指反向ETF","BK4008":"航空公司","ROKU":"Roku Inc","SQ":"Block","BK4585":"ETF&股票定投概念","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","BK4500":"航空公司","APD":"空气化工","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4101":"工业气体","DRI":"达登饭店","CSIQ":"阿特斯太阳能","BK4566":"资本集团","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4535":"淡马锡持仓","LU2023251221.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (USD) INC","BK4524":"宅经济概念","BK4550":"红杉资本持仓","BK4141":"半导体产品"},"source_url":"https://investorplace.com/2023/03/7-undervalued-growth-stocks-to-buy-before-they-take-off/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2323745014","content_text":"Roku (ROKU): Roku is getting a lift from the rebounding TV ad market.Plug Power (PLUG): PLUG is poised to become a major supplier of green hydrogen to a large airlines.Darden (DRI): DRI reported outstanding quarterly results this month.Keep reading to find the complete list of undervalued growth stocks!Source: REDPIXEL.PL / Shutterstock.comWith the mini-banking crisis ebbing, the Fed poised to stop raising interest rates, and strong economic growth, it’s a good time to find undervalued growth stocks to buy.Significant parts of most of the American banks that have failed in recent weeks have been acquired, while a troublesome European bank, Credit Suisse, was bought by UBS (NYSE:UBS). Meanwhile, the flow of deposits from small banks to large banks “has slowed to a trickle in recent days, CNBC reported on March 25. The latter data indicate that the banking sector is quickly returning to normal after the mini-crisis. As a result, the mini-crisis is unlikely to trigger a recession and almost certainly won’t result in a credit crunch.Further, the Fed is poised to finally take its foot off the brake, as most Fed officials expect to raise rates minimally for the rest of this year.On the economic front, the labor market continues to be very strong, and the central bank expects the economy to grow at a scintillating, annualized pace of 3.2% this quarter.Here are seven undervalued stocks to buy that will enable investors to take advantage of these favorable macro conditions.Undervalued Growth Stocks: Roku (ROKU)Source: Michael Vi / ShutterstockAs I’ve pointed out in past columns, Roku (NASDAQ:ROKU) provides the leading operating system for streaming TV, which has become consumers’ favorite way to watch television. And I’ve noted that the supply chain and ad issues that have plagued the company in recent years should ebb as supply chains continue to improve.Now the Street is catching on to ROKU stock’s strong, positive catalysts. That’s because investment bank Susquehanna raised its rating on ROKU to “positive” from “neutral.” The firm thinks the company’s financial results are “bottoming,” It will benefit over the long term as marketers move more ads to streaming channels.The firm reported that the ad market appears to be improving, while Roku could soon start selling ads to other digital platforms. According to the investment bank, the latter initiative could enable Roku to collect additional “high margin revenue.”ROKU is currently changing hands at a relatively low forward price-sales ratio of 2.35. Given Roku’s tremendous growth potential, I think the shares are meaningfully undervalued at current levels.Plug Power (PLUG)Source: Postmodern Studio / ShutterstockPlug Power (NASDAQ:PLUG) continues to progress toward becoming a green-hydrogen giant. Specifically, the company announced on March 21 that it had found a way to make hydrogen-powered forklifts economical for the first time “for warehouses that operate fewer than 100 electric forklifts.”According to PLUG, such warehouses buy “more than 25% of all forklifts sold in the U.S.”Moreover, Plug provided hydrogen fuel cells for a recent successful test flight of a small plane that was partially powered by hydrogen. The plane is owned by Universal Hydrogen, which carried out the test and has made a deal to supply hydrogen to American Airlines (NASDAQ:AAL) “by 2025.” And America’s smaller, main planes are expected to start utilizing hydrogen around 2029.Since PLUG is a major supplier of green hydrogen and is working with Universal Hydrogen, the latter company will likely buy a great deal of green hydrogen from Plug Power, lifting Plug’s financial results and PLUG stock in the process.Plug Power is trading for just 1.3 times its 2026 revenue guidance of $5 billion, making the shares’ valuation quite attractive.Darden (DRI)Source: ShutterstockDarden (NYSE:DRI), which owns and operates many casual-dining restaurants, delivered beat-and-raise quarterly results on March 23.Specifically, the company’s revenue soared 14% year-over-year, while its same-store sales climbed 11.7%. Meanwhile, Darden’s earnings per share came in at $2.34, and it increased its fiscal 2023 EPS estimate to $7.85-$8 from $7.60-$8.Bank of America responded to the news by raising its price target on DRI stock to $172 from $170. The firm is upbeat on the company’s low-price strategy, and it thinks that DRI could beat its same-restaurant-sales-growth guidance of 3%-5% for the current quarter. The bank maintained a “buy” rating on the shares.And calling Darden’s Q3 results “solid,” RBC Capital raised its price target on the shares to $165 from $160. The bank says that commodity prices are trending downwards, which maintained an “outperform” rating on DRI stock.Given Darden’s strong growth, its forward price-to-earnings ratio of 16.8 times is quite attractive regarding undervalued growth stocks.Air Products & Chemicals (APD)Source: Andy Borysowski / Shutterstock.comInvestorPlace columnist Chris Markoch recently reported that Air Products & Chemicals (NYSE:APD) plans to spend “over $15 billion by 2027 to deliver large amounts of clean hydrogen.”Thus, over the long term, APD will likely deliver strong growth as the demand for green hydrogen by trucking companies, airlines, and many other companies surges tremendously.Supporting my theory, APD CEO Seifi Ghasemi said in February, “We continue to see significant opportunities…to bring green hydrogen to consumers around the world,”And as Markoch points out, the company has low debt and a stable gas business, making the shares appealing to conservative investors. Also noteworthy is that APD expects its earnings per share, excluding certain items, to soar 9%-12% this year to $11.20-$11.50.On March 7, investment bank Evercore added APD to its “Tactical Outpeform” list, citing the company’s favorable valuation and the strong outlook of its industrial gases business.At the midpoint, that equates to a forward price-to-earnings ratio of 23.7 for APD stock. That valuation is very attractive, given the company’s strong profitability and a huge opportunity in green hydrogen.Canadian Solar (CSIQ)Source: Shutter B Photo / Shutterstock.comCanadian Solar (NASDAQ:CSIQ) reported very strong fourth-quarter results, showing that it’s benefiting a great deal from the very rapid proliferation of solar energy. Specifically, the company’s shipments of solar modules soared 68% year-over-year, while its net income jumped almost 300% to $77.8 million. Moreover, its gross margin came in at nearly 17.7%, near the upper end of its guidance range. And analysts, on average, expect its EPS to soar 69% in 2023.Importantly CEO Shawn Qu, speaking on the company’s Q4 earnings call, stated that he thinks gross margins can reach “20% to 30%..in [the] mid to long term.”And impressively, CSIQ stock has a Composite Rating of 89 from IBD, including an RS score of 90,. The latter score indicates that CSIQ stock has meaningfully outperformed the market in the last year.CSIQ should continue to benefit from the quickly increasing use of solar energy in many parts of the world, especially China and Europe, and from the electrification of transportation.The stock’s forward price-to-earnings ratio of 5.75x is extremely low, making it one of the top undervalued growth stocks.PayPal (PYPL)Source: Michael Vi / Shutterstock.comPayPal (NASDAQ:PYPL) is clearly continuing to benefit from the ongoing growth of e-commerce and digital payments, along with strong consumer spending trends. Last quarter, its free cash flow climbed 4%, while it expects its earnings per share, excluding some items, to rise around 24% this quarter versus the same period a year earlier.Going forward, the company may also get a boost from the accusations made by Hindenburg Research against Block (NYSE:SQ). First, some investors who have sold SQ stock because of the accusations could look to buy PayPal instead. And secondly, PayPal does compete with Block to some extent, and some small businesses could give up Block and turn to PayPal in the wake of Hindenburg’s charges.Also noteworthy is that outgoing CEO Dan Schulman, on March 9, said that “I think across our business, we’re seeing strength that’s beyond what we expected.” Schulman said that a rebound of e-commerce, or “discretionary spending,” may be responsible for the rebound.Alternatively, PayPal could be gaining market share, he stated.PYPL stock has a very attractive forward price-to-earnings ratio of 15x.Volkswagen (VWAGY)Source: multitel / Shutterstock.comVolkswagen’s (OTCMKTS:VWAGY) revenue climbed 11.6% last year, and it is second when it comes to global sales of automobiles. Additionally, the company’s earnings before taxes jumped 9.5% last year to 22 billion euros. And in the fourth quarter, its global auto sales climbed 11% compared to a year earlier.Going forward, the automaker should benefit from improving economic trends in the EU. Indeed, the number of “new car registrations” in the bloc jumped 11.5% year-over-year last month.Moreover, Volkswagen is a leader in the rapidly growing EV sector. Last quarter, its global EV sales jumped 24% year-over-year to 118,000. In the EU, overall EV sales soared 40% YOY last month, so Volkswagen’s leadership in the EV sector should boost its growth within Europe. And with the automaker planning to invest a great deal in its EV transformation going forward, it should benefit tremendously from the continued proliferation of EVs in Europe, the U.S., and China.Despite all of these positive catalysts, Volkswagen has a tiny forward price-to-earnings ratio of just 4.9x. That makes it among the best undervalued growth stocks in my book.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":106179450,"gmtCreate":1680244691223,"gmtModify":1680244697679,"authorId":3575595150850001,"author":{"id":3575595150850001,"idStr":"3575595150850001","authorId":3575595150850001,"name":"OngCK","avatar":"https://static.tigerbbs.com/d48712c91608dbd0ea50712fabae2287","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9941678552,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":9941671772,"gmtCreate":1680239150596,"gmtModify":1680239154862,"author":{"id":"4131533669626532","authorId":"4131533669626532","name":"tonylim","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":1,"authorIdStr":"4131533669626532","idStr":"4131533669626532"},"htmlText":"Good read","listText":"Good read","text":"Good read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941671772","repostId":2323745014,"repostType":2,"repost":{"id":"2323745014","pubTimestamp":1680222146,"share":"https://ttm.financial/m/news/2323745014?lang=&edition=fundamental","pubTime":"2023-03-31 08:22","market":"us","language":"en","title":"7 Undervalued Growth Stocks to Buy Before They Take Off","url":"https://stock-news.laohu8.com/highlight/detail?id=2323745014","media":"InvestorPlace","summary":"Roku (ROKU): Roku is getting a lift from the rebounding TV ad market.Plug Power (PLUG): PLUG is pois","content":"<html><head></head><body><ul><li>Roku (ROKU): Roku is getting a lift from the rebounding TV ad market.</li><li>Plug Power (PLUG): PLUG is poised to become a major supplier of green hydrogen to a large airlines.</li><li>Darden (DRI): DRI reported outstanding quarterly results this month.</li><li>Keep reading to find the complete list of undervalued growth stocks!</li></ul><img src=\"https://static.tigerbbs.com/d9691c73d2c90fafebcc65ae4d5ebc19\" tg-width=\"768\" tg-height=\"432\"/>Source: REDPIXEL.PL / Shutterstock.comWith the mini-banking crisis ebbing, the Fed poised to stop raising interest rates, and strong economic growth, it’s a good time to find undervalued growth stocks to buy.Significant parts of most of the American banks that have failed in recent weeks have been acquired, while a troublesome European bank, Credit Suisse, was bought by UBS (NYSE:UBS). Meanwhile, the flow of deposits from small banks to large banks “has slowed to a trickle in recent days, CNBC reported on March 25. The latter data indicate that the banking sector is quickly returning to normal after the mini-crisis. As a result, the mini-crisis is unlikely to trigger a recession and almost certainly won’t result in a credit crunch.Further, the Fed is poised to finally take its foot off the brake, as most Fed officials expect to raise rates minimally for the rest of this year.On the economic front, the labor market continues to be very strong, and the central bank expects the economy to grow at a scintillating, annualized pace of 3.2% this quarter.Here are seven undervalued stocks to buy that will enable investors to take advantage of these favorable macro conditions.<h2>Undervalued Growth Stocks: Roku (ROKU)</h2><img src=\"https://static.tigerbbs.com/a667fe0ddb71e20f994e71009e4d7590\" tg-width=\"300\" tg-height=\"169\"/>Source: Michael Vi / ShutterstockAs I’ve pointed out in past columns, Roku (NASDAQ:ROKU) provides the leading operating system for streaming TV, which has become consumers’ favorite way to watch television. And I’ve noted that the supply chain and ad issues that have plagued the company in recent years should ebb as supply chains continue to improve.Now the Street is catching on to ROKU stock’s strong, positive catalysts. That’s because investment bank Susquehanna raised its rating on ROKU to “positive” from “neutral.” The firm thinks the company’s financial results are “bottoming,” It will benefit over the long term as marketers move more ads to streaming channels.The firm reported that the ad market appears to be improving, while Roku could soon start selling ads to other digital platforms. According to the investment bank, the latter initiative could enable Roku to collect additional “high margin revenue.”ROKU is currently changing hands at a relatively low forward price-sales ratio of 2.35. Given Roku’s tremendous growth potential, I think the shares are meaningfully undervalued at current levels.<h2>Plug Power (PLUG)</h2><img src=\"https://static.tigerbbs.com/8baac56f5c9242be08f484dc5169a823\" tg-width=\"300\" tg-height=\"169\"/>Source: Postmodern Studio / ShutterstockPlug Power (NASDAQ:PLUG) continues to progress toward becoming a green-hydrogen giant. Specifically, the company announced on March 21 that it had found a way to make hydrogen-powered forklifts economical for the first time “for warehouses that operate fewer than 100 electric forklifts.”According to PLUG, such warehouses buy “more than 25% of all forklifts sold in the U.S.”Moreover, Plug provided hydrogen fuel cells for a recent successful test flight of a small plane that was partially powered by hydrogen. The plane is owned by Universal Hydrogen, which carried out the test and has made a deal to supply hydrogen to American Airlines (NASDAQ:AAL) “by 2025.” And America’s smaller, main planes are expected to start utilizing hydrogen around 2029.Since PLUG is a major supplier of green hydrogen and is working with Universal Hydrogen, the latter company will likely buy a great deal of green hydrogen from Plug Power, lifting Plug’s financial results and PLUG stock in the process.Plug Power is trading for just 1.3 times its 2026 revenue guidance of $5 billion, making the shares’ valuation quite attractive.<h2>Darden (DRI)</h2><img src=\"https://static.tigerbbs.com/7bfb9f537e8a9add6ff029343c9197ab\" tg-width=\"300\" tg-height=\"169\"/>Source: ShutterstockDarden (NYSE:DRI), which owns and operates many casual-dining restaurants, delivered beat-and-raise quarterly results on March 23.Specifically, the company’s revenue soared 14% year-over-year, while its same-store sales climbed 11.7%. Meanwhile, Darden’s earnings per share came in at $2.34, and it increased its fiscal 2023 EPS estimate to $7.85-$8 from $7.60-$8.Bank of America responded to the news by raising its price target on DRI stock to $172 from $170. The firm is upbeat on the company’s low-price strategy, and it thinks that DRI could beat its same-restaurant-sales-growth guidance of 3%-5% for the current quarter. The bank maintained a “buy” rating on the shares.And calling Darden’s Q3 results “solid,” RBC Capital raised its price target on the shares to $165 from $160. The bank says that commodity prices are trending downwards, which maintained an “outperform” rating on DRI stock.Given Darden’s strong growth, its forward price-to-earnings ratio of 16.8 times is quite attractive regarding undervalued growth stocks.<h2>Air Products &amp; Chemicals (APD)</h2><img src=\"https://static.tigerbbs.com/0b2f5b1fa69ce6ff3b5589cb9595c036\" tg-width=\"300\" tg-height=\"169\"/>Source: Andy Borysowski / Shutterstock.comInvestorPlace columnist Chris Markoch recently reported that Air Products &amp; Chemicals (NYSE:APD) plans to spend “over $15 billion by 2027 to deliver large amounts of clean hydrogen.”Thus, over the long term, APD will likely deliver strong growth as the demand for green hydrogen by trucking companies, airlines, and many other companies surges tremendously.Supporting my theory, APD CEO Seifi Ghasemi said in February, “We continue to see significant opportunities…to bring green hydrogen to consumers around the world,”And as Markoch points out, the company has low debt and a stable gas business, making the shares appealing to conservative investors. Also noteworthy is that APD expects its earnings per share, excluding certain items, to soar 9%-12% this year to $11.20-$11.50.On March 7, investment bank Evercore added APD to its “Tactical Outpeform” list, citing the company’s favorable valuation and the strong outlook of its industrial gases business.At the midpoint, that equates to a forward price-to-earnings ratio of 23.7 for APD stock. That valuation is very attractive, given the company’s strong profitability and a huge opportunity in green hydrogen.<h2>Canadian Solar (CSIQ)</h2><img src=\"https://static.tigerbbs.com/5f004b89489d4cb1df4ad5b421940e4b\" tg-width=\"300\" tg-height=\"169\"/>Source: Shutter B Photo / Shutterstock.comCanadian Solar (NASDAQ:CSIQ) reported very strong fourth-quarter results, showing that it’s benefiting a great deal from the very rapid proliferation of solar energy. Specifically, the company’s shipments of solar modules soared 68% year-over-year, while its net income jumped almost 300% to $77.8 million. Moreover, its gross margin came in at nearly 17.7%, near the upper end of its guidance range. And analysts, on average, expect its EPS to soar 69% in 2023.Importantly CEO Shawn Qu, speaking on the company’s Q4 earnings call, stated that he thinks gross margins can reach “20% to 30%..in [the] mid to long term.”And impressively, CSIQ stock has a Composite Rating of 89 from IBD, including an RS score of 90,. The latter score indicates that CSIQ stock has meaningfully outperformed the market in the last year.CSIQ should continue to benefit from the quickly increasing use of solar energy in many parts of the world, especially China and Europe, and from the electrification of transportation.The stock’s forward price-to-earnings ratio of 5.75x is extremely low, making it one of the top undervalued growth stocks.<h2><a href=\"https://laohu8.com/S/PYPL\">PayPal</a> (PYPL)</h2><img src=\"https://static.tigerbbs.com/d31459f9b0c14e33810dd1f29612c85a\" tg-width=\"300\" tg-height=\"169\"/>Source: Michael Vi / Shutterstock.comPayPal (NASDAQ:PYPL) is clearly continuing to benefit from the ongoing growth of e-commerce and digital payments, along with strong consumer spending trends. Last quarter, its free cash flow climbed 4%, while it expects its earnings per share, excluding some items, to rise around 24% this quarter versus the same period a year earlier.Going forward, the company may also get a boost from the accusations made by Hindenburg Research against <a href=\"https://laohu8.com/S/SQ\">Block</a> (NYSE:SQ). First, some investors who have sold SQ stock because of the accusations could look to buy PayPal instead. And secondly, PayPal does compete with Block to some extent, and some small businesses could give up Block and turn to PayPal in the wake of Hindenburg’s charges.Also noteworthy is that outgoing CEO Dan Schulman, on March 9, said that “I think across our business, we’re seeing strength that’s beyond what we expected.” Schulman said that a rebound of e-commerce, or “discretionary spending,” may be responsible for the rebound.Alternatively, PayPal could be gaining market share, he stated.PYPL stock has a very attractive forward price-to-earnings ratio of 15x.<h2>Volkswagen (VWAGY)</h2><img src=\"https://static.tigerbbs.com/1245be8a7f8896e9c3e078dcc4bd0ce6\" tg-width=\"300\" tg-height=\"169\"/>Source: multitel / Shutterstock.comVolkswagen’s (OTCMKTS:VWAGY) revenue climbed 11.6% last year, and it is second when it comes to global sales of automobiles. Additionally, the company’s earnings before taxes jumped 9.5% last year to 22 billion euros. And in the fourth quarter, its global auto sales climbed 11% compared to a year earlier.Going forward, the automaker should benefit from improving economic trends in the EU. Indeed, the number of “new car registrations” in the bloc jumped 11.5% year-over-year last month.Moreover, Volkswagen is a leader in the rapidly growing EV sector. Last quarter, its global EV sales jumped 24% year-over-year to 118,000. In the EU, overall EV sales soared 40% YOY last month, so Volkswagen’s leadership in the EV sector should boost its growth within Europe. And with the automaker planning to invest a great deal in its EV transformation going forward, it should benefit tremendously from the continued proliferation of EVs in Europe, the U.S., and China.Despite all of these positive catalysts, Volkswagen has a tiny forward price-to-earnings ratio of just 4.9x. That makes it among the best undervalued growth stocks in my book.</body></html>","source":"investorplace","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>7 Undervalued Growth Stocks to Buy Before They Take Off</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n7 Undervalued Growth Stocks to Buy Before They Take Off\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-31 08:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/03/7-undervalued-growth-stocks-to-buy-before-they-take-off/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nRoku (ROKU): Roku is getting a lift from the rebounding TV ad market.Plug Power (PLUG): PLUG is poised to become a major supplier of green hydrogen to a large airlines.Darden (DRI): DRI reported ...\n\n<a href=\"https://investorplace.com/2023/03/7-undervalued-growth-stocks-to-buy-before-they-take-off/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU2089284900.SGD":"Allianz Global Sustainability Cl AM Dis H2-SGD","BK4503":"景林资产持仓","QID":"纳指两倍做空ETF","BK4118":"综合性资本市场","BK4519":"光伏太阳能","PLUG":"普拉格能源","LU1861217088.USD":"贝莱德金融科技A2","BK4581":"高盛持仓","PYPL":"PayPal","SQQQ":"纳指三倍做空ETF","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","BK4096":"电气部件与设备","BK4209":"餐馆","BK4099":"汽车制造商","BK4548":"巴美列捷福持仓","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","BK4541":"氢能源","LU2089283258.USD":"安联环球可持续基金Cl AM Dis","LU1548497426.USD":"安联环球人工智能AT Acc","QLD":"纳指两倍做多ETF","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4528":"SaaS概念","TQQQ":"纳指三倍做多ETF","AAL":"美国航空","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","VWAGY":"大众汽车ADR","BK4532":"文艺复兴科技持仓","BK4554":"元宇宙及AR概念","PSQ":"纳指反向ETF","BK4008":"航空公司","ROKU":"Roku Inc","SQ":"Block","BK4585":"ETF&股票定投概念","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","BK4500":"航空公司","APD":"空气化工","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4101":"工业气体","DRI":"达登饭店","CSIQ":"阿特斯太阳能","BK4566":"资本集团","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4535":"淡马锡持仓","LU2023251221.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (USD) INC","BK4524":"宅经济概念","BK4550":"红杉资本持仓","BK4141":"半导体产品"},"source_url":"https://investorplace.com/2023/03/7-undervalued-growth-stocks-to-buy-before-they-take-off/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2323745014","content_text":"Roku (ROKU): Roku is getting a lift from the rebounding TV ad market.Plug Power (PLUG): PLUG is poised to become a major supplier of green hydrogen to a large airlines.Darden (DRI): DRI reported outstanding quarterly results this month.Keep reading to find the complete list of undervalued growth stocks!Source: REDPIXEL.PL / Shutterstock.comWith the mini-banking crisis ebbing, the Fed poised to stop raising interest rates, and strong economic growth, it’s a good time to find undervalued growth stocks to buy.Significant parts of most of the American banks that have failed in recent weeks have been acquired, while a troublesome European bank, Credit Suisse, was bought by UBS (NYSE:UBS). Meanwhile, the flow of deposits from small banks to large banks “has slowed to a trickle in recent days, CNBC reported on March 25. The latter data indicate that the banking sector is quickly returning to normal after the mini-crisis. As a result, the mini-crisis is unlikely to trigger a recession and almost certainly won’t result in a credit crunch.Further, the Fed is poised to finally take its foot off the brake, as most Fed officials expect to raise rates minimally for the rest of this year.On the economic front, the labor market continues to be very strong, and the central bank expects the economy to grow at a scintillating, annualized pace of 3.2% this quarter.Here are seven undervalued stocks to buy that will enable investors to take advantage of these favorable macro conditions.Undervalued Growth Stocks: Roku (ROKU)Source: Michael Vi / ShutterstockAs I’ve pointed out in past columns, Roku (NASDAQ:ROKU) provides the leading operating system for streaming TV, which has become consumers’ favorite way to watch television. And I’ve noted that the supply chain and ad issues that have plagued the company in recent years should ebb as supply chains continue to improve.Now the Street is catching on to ROKU stock’s strong, positive catalysts. That’s because investment bank Susquehanna raised its rating on ROKU to “positive” from “neutral.” The firm thinks the company’s financial results are “bottoming,” It will benefit over the long term as marketers move more ads to streaming channels.The firm reported that the ad market appears to be improving, while Roku could soon start selling ads to other digital platforms. According to the investment bank, the latter initiative could enable Roku to collect additional “high margin revenue.”ROKU is currently changing hands at a relatively low forward price-sales ratio of 2.35. Given Roku’s tremendous growth potential, I think the shares are meaningfully undervalued at current levels.Plug Power (PLUG)Source: Postmodern Studio / ShutterstockPlug Power (NASDAQ:PLUG) continues to progress toward becoming a green-hydrogen giant. Specifically, the company announced on March 21 that it had found a way to make hydrogen-powered forklifts economical for the first time “for warehouses that operate fewer than 100 electric forklifts.”According to PLUG, such warehouses buy “more than 25% of all forklifts sold in the U.S.”Moreover, Plug provided hydrogen fuel cells for a recent successful test flight of a small plane that was partially powered by hydrogen. The plane is owned by Universal Hydrogen, which carried out the test and has made a deal to supply hydrogen to American Airlines (NASDAQ:AAL) “by 2025.” And America’s smaller, main planes are expected to start utilizing hydrogen around 2029.Since PLUG is a major supplier of green hydrogen and is working with Universal Hydrogen, the latter company will likely buy a great deal of green hydrogen from Plug Power, lifting Plug’s financial results and PLUG stock in the process.Plug Power is trading for just 1.3 times its 2026 revenue guidance of $5 billion, making the shares’ valuation quite attractive.Darden (DRI)Source: ShutterstockDarden (NYSE:DRI), which owns and operates many casual-dining restaurants, delivered beat-and-raise quarterly results on March 23.Specifically, the company’s revenue soared 14% year-over-year, while its same-store sales climbed 11.7%. Meanwhile, Darden’s earnings per share came in at $2.34, and it increased its fiscal 2023 EPS estimate to $7.85-$8 from $7.60-$8.Bank of America responded to the news by raising its price target on DRI stock to $172 from $170. The firm is upbeat on the company’s low-price strategy, and it thinks that DRI could beat its same-restaurant-sales-growth guidance of 3%-5% for the current quarter. The bank maintained a “buy” rating on the shares.And calling Darden’s Q3 results “solid,” RBC Capital raised its price target on the shares to $165 from $160. The bank says that commodity prices are trending downwards, which maintained an “outperform” rating on DRI stock.Given Darden’s strong growth, its forward price-to-earnings ratio of 16.8 times is quite attractive regarding undervalued growth stocks.Air Products & Chemicals (APD)Source: Andy Borysowski / Shutterstock.comInvestorPlace columnist Chris Markoch recently reported that Air Products & Chemicals (NYSE:APD) plans to spend “over $15 billion by 2027 to deliver large amounts of clean hydrogen.”Thus, over the long term, APD will likely deliver strong growth as the demand for green hydrogen by trucking companies, airlines, and many other companies surges tremendously.Supporting my theory, APD CEO Seifi Ghasemi said in February, “We continue to see significant opportunities…to bring green hydrogen to consumers around the world,”And as Markoch points out, the company has low debt and a stable gas business, making the shares appealing to conservative investors. Also noteworthy is that APD expects its earnings per share, excluding certain items, to soar 9%-12% this year to $11.20-$11.50.On March 7, investment bank Evercore added APD to its “Tactical Outpeform” list, citing the company’s favorable valuation and the strong outlook of its industrial gases business.At the midpoint, that equates to a forward price-to-earnings ratio of 23.7 for APD stock. That valuation is very attractive, given the company’s strong profitability and a huge opportunity in green hydrogen.Canadian Solar (CSIQ)Source: Shutter B Photo / Shutterstock.comCanadian Solar (NASDAQ:CSIQ) reported very strong fourth-quarter results, showing that it’s benefiting a great deal from the very rapid proliferation of solar energy. Specifically, the company’s shipments of solar modules soared 68% year-over-year, while its net income jumped almost 300% to $77.8 million. Moreover, its gross margin came in at nearly 17.7%, near the upper end of its guidance range. And analysts, on average, expect its EPS to soar 69% in 2023.Importantly CEO Shawn Qu, speaking on the company’s Q4 earnings call, stated that he thinks gross margins can reach “20% to 30%..in [the] mid to long term.”And impressively, CSIQ stock has a Composite Rating of 89 from IBD, including an RS score of 90,. The latter score indicates that CSIQ stock has meaningfully outperformed the market in the last year.CSIQ should continue to benefit from the quickly increasing use of solar energy in many parts of the world, especially China and Europe, and from the electrification of transportation.The stock’s forward price-to-earnings ratio of 5.75x is extremely low, making it one of the top undervalued growth stocks.PayPal (PYPL)Source: Michael Vi / Shutterstock.comPayPal (NASDAQ:PYPL) is clearly continuing to benefit from the ongoing growth of e-commerce and digital payments, along with strong consumer spending trends. Last quarter, its free cash flow climbed 4%, while it expects its earnings per share, excluding some items, to rise around 24% this quarter versus the same period a year earlier.Going forward, the company may also get a boost from the accusations made by Hindenburg Research against Block (NYSE:SQ). First, some investors who have sold SQ stock because of the accusations could look to buy PayPal instead. And secondly, PayPal does compete with Block to some extent, and some small businesses could give up Block and turn to PayPal in the wake of Hindenburg’s charges.Also noteworthy is that outgoing CEO Dan Schulman, on March 9, said that “I think across our business, we’re seeing strength that’s beyond what we expected.” Schulman said that a rebound of e-commerce, or “discretionary spending,” may be responsible for the rebound.Alternatively, PayPal could be gaining market share, he stated.PYPL stock has a very attractive forward price-to-earnings ratio of 15x.Volkswagen (VWAGY)Source: multitel / Shutterstock.comVolkswagen’s (OTCMKTS:VWAGY) revenue climbed 11.6% last year, and it is second when it comes to global sales of automobiles. Additionally, the company’s earnings before taxes jumped 9.5% last year to 22 billion euros. And in the fourth quarter, its global auto sales climbed 11% compared to a year earlier.Going forward, the automaker should benefit from improving economic trends in the EU. Indeed, the number of “new car registrations” in the bloc jumped 11.5% year-over-year last month.Moreover, Volkswagen is a leader in the rapidly growing EV sector. Last quarter, its global EV sales jumped 24% year-over-year to 118,000. In the EU, overall EV sales soared 40% YOY last month, so Volkswagen’s leadership in the EV sector should boost its growth within Europe. And with the automaker planning to invest a great deal in its EV transformation going forward, it should benefit tremendously from the continued proliferation of EVs in Europe, the U.S., and China.Despite all of these positive catalysts, Volkswagen has a tiny forward price-to-earnings ratio of just 4.9x. That makes it among the best undervalued growth stocks in my book.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9941673252,"gmtCreate":1680237787977,"gmtModify":1680237791775,"author":{"id":"4137359088130892","authorId":"4137359088130892","name":"cooked","avatar":"https://community-static.tradeup.com/news/9ba35703e783a13eb2c1c3c2d3aba0a6","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"4137359088130892","idStr":"4137359088130892"},"htmlText":"Thank you","listText":"Thank you","text":"Thank you","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9941673252","repostId":2323745014,"repostType":4,"repost":{"id":"2323745014","pubTimestamp":1680222146,"share":"https://ttm.financial/m/news/2323745014?lang=&edition=fundamental","pubTime":"2023-03-31 08:22","market":"us","language":"en","title":"7 Undervalued Growth Stocks to Buy Before They Take Off","url":"https://stock-news.laohu8.com/highlight/detail?id=2323745014","media":"InvestorPlace","summary":"Roku (ROKU): Roku is getting a lift from the rebounding TV ad market.Plug Power (PLUG): PLUG is pois","content":"<html><head></head><body><ul><li>Roku (ROKU): Roku is getting a lift from the rebounding TV ad market.</li><li>Plug Power (PLUG): PLUG is poised to become a major supplier of green hydrogen to a large airlines.</li><li>Darden (DRI): DRI reported outstanding quarterly results this month.</li><li>Keep reading to find the complete list of undervalued growth stocks!</li></ul><img src=\"https://static.tigerbbs.com/d9691c73d2c90fafebcc65ae4d5ebc19\" tg-width=\"768\" tg-height=\"432\"/>Source: REDPIXEL.PL / Shutterstock.comWith the mini-banking crisis ebbing, the Fed poised to stop raising interest rates, and strong economic growth, it’s a good time to find undervalued growth stocks to buy.Significant parts of most of the American banks that have failed in recent weeks have been acquired, while a troublesome European bank, Credit Suisse, was bought by UBS (NYSE:UBS). Meanwhile, the flow of deposits from small banks to large banks “has slowed to a trickle in recent days, CNBC reported on March 25. The latter data indicate that the banking sector is quickly returning to normal after the mini-crisis. As a result, the mini-crisis is unlikely to trigger a recession and almost certainly won’t result in a credit crunch.Further, the Fed is poised to finally take its foot off the brake, as most Fed officials expect to raise rates minimally for the rest of this year.On the economic front, the labor market continues to be very strong, and the central bank expects the economy to grow at a scintillating, annualized pace of 3.2% this quarter.Here are seven undervalued stocks to buy that will enable investors to take advantage of these favorable macro conditions.<h2>Undervalued Growth Stocks: Roku (ROKU)</h2><img src=\"https://static.tigerbbs.com/a667fe0ddb71e20f994e71009e4d7590\" tg-width=\"300\" tg-height=\"169\"/>Source: Michael Vi / ShutterstockAs I’ve pointed out in past columns, Roku (NASDAQ:ROKU) provides the leading operating system for streaming TV, which has become consumers’ favorite way to watch television. And I’ve noted that the supply chain and ad issues that have plagued the company in recent years should ebb as supply chains continue to improve.Now the Street is catching on to ROKU stock’s strong, positive catalysts. That’s because investment bank Susquehanna raised its rating on ROKU to “positive” from “neutral.” The firm thinks the company’s financial results are “bottoming,” It will benefit over the long term as marketers move more ads to streaming channels.The firm reported that the ad market appears to be improving, while Roku could soon start selling ads to other digital platforms. According to the investment bank, the latter initiative could enable Roku to collect additional “high margin revenue.”ROKU is currently changing hands at a relatively low forward price-sales ratio of 2.35. Given Roku’s tremendous growth potential, I think the shares are meaningfully undervalued at current levels.<h2>Plug Power (PLUG)</h2><img src=\"https://static.tigerbbs.com/8baac56f5c9242be08f484dc5169a823\" tg-width=\"300\" tg-height=\"169\"/>Source: Postmodern Studio / ShutterstockPlug Power (NASDAQ:PLUG) continues to progress toward becoming a green-hydrogen giant. Specifically, the company announced on March 21 that it had found a way to make hydrogen-powered forklifts economical for the first time “for warehouses that operate fewer than 100 electric forklifts.”According to PLUG, such warehouses buy “more than 25% of all forklifts sold in the U.S.”Moreover, Plug provided hydrogen fuel cells for a recent successful test flight of a small plane that was partially powered by hydrogen. The plane is owned by Universal Hydrogen, which carried out the test and has made a deal to supply hydrogen to American Airlines (NASDAQ:AAL) “by 2025.” And America’s smaller, main planes are expected to start utilizing hydrogen around 2029.Since PLUG is a major supplier of green hydrogen and is working with Universal Hydrogen, the latter company will likely buy a great deal of green hydrogen from Plug Power, lifting Plug’s financial results and PLUG stock in the process.Plug Power is trading for just 1.3 times its 2026 revenue guidance of $5 billion, making the shares’ valuation quite attractive.<h2>Darden (DRI)</h2><img src=\"https://static.tigerbbs.com/7bfb9f537e8a9add6ff029343c9197ab\" tg-width=\"300\" tg-height=\"169\"/>Source: ShutterstockDarden (NYSE:DRI), which owns and operates many casual-dining restaurants, delivered beat-and-raise quarterly results on March 23.Specifically, the company’s revenue soared 14% year-over-year, while its same-store sales climbed 11.7%. Meanwhile, Darden’s earnings per share came in at $2.34, and it increased its fiscal 2023 EPS estimate to $7.85-$8 from $7.60-$8.Bank of America responded to the news by raising its price target on DRI stock to $172 from $170. The firm is upbeat on the company’s low-price strategy, and it thinks that DRI could beat its same-restaurant-sales-growth guidance of 3%-5% for the current quarter. The bank maintained a “buy” rating on the shares.And calling Darden’s Q3 results “solid,” RBC Capital raised its price target on the shares to $165 from $160. The bank says that commodity prices are trending downwards, which maintained an “outperform” rating on DRI stock.Given Darden’s strong growth, its forward price-to-earnings ratio of 16.8 times is quite attractive regarding undervalued growth stocks.<h2>Air Products &amp; Chemicals (APD)</h2><img src=\"https://static.tigerbbs.com/0b2f5b1fa69ce6ff3b5589cb9595c036\" tg-width=\"300\" tg-height=\"169\"/>Source: Andy Borysowski / Shutterstock.comInvestorPlace columnist Chris Markoch recently reported that Air Products &amp; Chemicals (NYSE:APD) plans to spend “over $15 billion by 2027 to deliver large amounts of clean hydrogen.”Thus, over the long term, APD will likely deliver strong growth as the demand for green hydrogen by trucking companies, airlines, and many other companies surges tremendously.Supporting my theory, APD CEO Seifi Ghasemi said in February, “We continue to see significant opportunities…to bring green hydrogen to consumers around the world,”And as Markoch points out, the company has low debt and a stable gas business, making the shares appealing to conservative investors. Also noteworthy is that APD expects its earnings per share, excluding certain items, to soar 9%-12% this year to $11.20-$11.50.On March 7, investment bank Evercore added APD to its “Tactical Outpeform” list, citing the company’s favorable valuation and the strong outlook of its industrial gases business.At the midpoint, that equates to a forward price-to-earnings ratio of 23.7 for APD stock. That valuation is very attractive, given the company’s strong profitability and a huge opportunity in green hydrogen.<h2>Canadian Solar (CSIQ)</h2><img src=\"https://static.tigerbbs.com/5f004b89489d4cb1df4ad5b421940e4b\" tg-width=\"300\" tg-height=\"169\"/>Source: Shutter B Photo / Shutterstock.comCanadian Solar (NASDAQ:CSIQ) reported very strong fourth-quarter results, showing that it’s benefiting a great deal from the very rapid proliferation of solar energy. Specifically, the company’s shipments of solar modules soared 68% year-over-year, while its net income jumped almost 300% to $77.8 million. Moreover, its gross margin came in at nearly 17.7%, near the upper end of its guidance range. And analysts, on average, expect its EPS to soar 69% in 2023.Importantly CEO Shawn Qu, speaking on the company’s Q4 earnings call, stated that he thinks gross margins can reach “20% to 30%..in [the] mid to long term.”And impressively, CSIQ stock has a Composite Rating of 89 from IBD, including an RS score of 90,. The latter score indicates that CSIQ stock has meaningfully outperformed the market in the last year.CSIQ should continue to benefit from the quickly increasing use of solar energy in many parts of the world, especially China and Europe, and from the electrification of transportation.The stock’s forward price-to-earnings ratio of 5.75x is extremely low, making it one of the top undervalued growth stocks.<h2><a href=\"https://laohu8.com/S/PYPL\">PayPal</a> (PYPL)</h2><img src=\"https://static.tigerbbs.com/d31459f9b0c14e33810dd1f29612c85a\" tg-width=\"300\" tg-height=\"169\"/>Source: Michael Vi / Shutterstock.comPayPal (NASDAQ:PYPL) is clearly continuing to benefit from the ongoing growth of e-commerce and digital payments, along with strong consumer spending trends. Last quarter, its free cash flow climbed 4%, while it expects its earnings per share, excluding some items, to rise around 24% this quarter versus the same period a year earlier.Going forward, the company may also get a boost from the accusations made by Hindenburg Research against <a href=\"https://laohu8.com/S/SQ\">Block</a> (NYSE:SQ). First, some investors who have sold SQ stock because of the accusations could look to buy PayPal instead. And secondly, PayPal does compete with Block to some extent, and some small businesses could give up Block and turn to PayPal in the wake of Hindenburg’s charges.Also noteworthy is that outgoing CEO Dan Schulman, on March 9, said that “I think across our business, we’re seeing strength that’s beyond what we expected.” Schulman said that a rebound of e-commerce, or “discretionary spending,” may be responsible for the rebound.Alternatively, PayPal could be gaining market share, he stated.PYPL stock has a very attractive forward price-to-earnings ratio of 15x.<h2>Volkswagen (VWAGY)</h2><img src=\"https://static.tigerbbs.com/1245be8a7f8896e9c3e078dcc4bd0ce6\" tg-width=\"300\" tg-height=\"169\"/>Source: multitel / Shutterstock.comVolkswagen’s (OTCMKTS:VWAGY) revenue climbed 11.6% last year, and it is second when it comes to global sales of automobiles. Additionally, the company’s earnings before taxes jumped 9.5% last year to 22 billion euros. And in the fourth quarter, its global auto sales climbed 11% compared to a year earlier.Going forward, the automaker should benefit from improving economic trends in the EU. Indeed, the number of “new car registrations” in the bloc jumped 11.5% year-over-year last month.Moreover, Volkswagen is a leader in the rapidly growing EV sector. Last quarter, its global EV sales jumped 24% year-over-year to 118,000. In the EU, overall EV sales soared 40% YOY last month, so Volkswagen’s leadership in the EV sector should boost its growth within Europe. And with the automaker planning to invest a great deal in its EV transformation going forward, it should benefit tremendously from the continued proliferation of EVs in Europe, the U.S., and China.Despite all of these positive catalysts, Volkswagen has a tiny forward price-to-earnings ratio of just 4.9x. That makes it among the best undervalued growth stocks in my book.</body></html>","source":"investorplace","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>7 Undervalued Growth Stocks to Buy Before They Take Off</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n7 Undervalued Growth Stocks to Buy Before They Take Off\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-31 08:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/03/7-undervalued-growth-stocks-to-buy-before-they-take-off/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nRoku (ROKU): Roku is getting a lift from the rebounding TV ad market.Plug Power (PLUG): PLUG is poised to become a major supplier of green hydrogen to a large airlines.Darden (DRI): DRI reported ...\n\n<a href=\"https://investorplace.com/2023/03/7-undervalued-growth-stocks-to-buy-before-they-take-off/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU2089284900.SGD":"Allianz Global Sustainability Cl AM Dis H2-SGD","BK4503":"景林资产持仓","QID":"纳指两倍做空ETF","BK4118":"综合性资本市场","BK4519":"光伏太阳能","PLUG":"普拉格能源","LU1861217088.USD":"贝莱德金融科技A2","BK4581":"高盛持仓","PYPL":"PayPal","SQQQ":"纳指三倍做空ETF","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","BK4096":"电气部件与设备","BK4209":"餐馆","BK4099":"汽车制造商","BK4548":"巴美列捷福持仓","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","BK4541":"氢能源","LU2089283258.USD":"安联环球可持续基金Cl AM Dis","LU1548497426.USD":"安联环球人工智能AT Acc","QLD":"纳指两倍做多ETF","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4528":"SaaS概念","TQQQ":"纳指三倍做多ETF","AAL":"美国航空","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","VWAGY":"大众汽车ADR","BK4532":"文艺复兴科技持仓","BK4554":"元宇宙及AR概念","PSQ":"纳指反向ETF","BK4008":"航空公司","ROKU":"Roku Inc","SQ":"Block","BK4585":"ETF&股票定投概念","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","BK4500":"航空公司","APD":"空气化工","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4101":"工业气体","DRI":"达登饭店","CSIQ":"阿特斯太阳能","BK4566":"资本集团","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4535":"淡马锡持仓","LU2023251221.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (USD) INC","BK4524":"宅经济概念","BK4550":"红杉资本持仓","BK4141":"半导体产品"},"source_url":"https://investorplace.com/2023/03/7-undervalued-growth-stocks-to-buy-before-they-take-off/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2323745014","content_text":"Roku (ROKU): Roku is getting a lift from the rebounding TV ad market.Plug Power (PLUG): PLUG is poised to become a major supplier of green hydrogen to a large airlines.Darden (DRI): DRI reported outstanding quarterly results this month.Keep reading to find the complete list of undervalued growth stocks!Source: REDPIXEL.PL / Shutterstock.comWith the mini-banking crisis ebbing, the Fed poised to stop raising interest rates, and strong economic growth, it’s a good time to find undervalued growth stocks to buy.Significant parts of most of the American banks that have failed in recent weeks have been acquired, while a troublesome European bank, Credit Suisse, was bought by UBS (NYSE:UBS). Meanwhile, the flow of deposits from small banks to large banks “has slowed to a trickle in recent days, CNBC reported on March 25. The latter data indicate that the banking sector is quickly returning to normal after the mini-crisis. As a result, the mini-crisis is unlikely to trigger a recession and almost certainly won’t result in a credit crunch.Further, the Fed is poised to finally take its foot off the brake, as most Fed officials expect to raise rates minimally for the rest of this year.On the economic front, the labor market continues to be very strong, and the central bank expects the economy to grow at a scintillating, annualized pace of 3.2% this quarter.Here are seven undervalued stocks to buy that will enable investors to take advantage of these favorable macro conditions.Undervalued Growth Stocks: Roku (ROKU)Source: Michael Vi / ShutterstockAs I’ve pointed out in past columns, Roku (NASDAQ:ROKU) provides the leading operating system for streaming TV, which has become consumers’ favorite way to watch television. And I’ve noted that the supply chain and ad issues that have plagued the company in recent years should ebb as supply chains continue to improve.Now the Street is catching on to ROKU stock’s strong, positive catalysts. That’s because investment bank Susquehanna raised its rating on ROKU to “positive” from “neutral.” The firm thinks the company’s financial results are “bottoming,” It will benefit over the long term as marketers move more ads to streaming channels.The firm reported that the ad market appears to be improving, while Roku could soon start selling ads to other digital platforms. According to the investment bank, the latter initiative could enable Roku to collect additional “high margin revenue.”ROKU is currently changing hands at a relatively low forward price-sales ratio of 2.35. Given Roku’s tremendous growth potential, I think the shares are meaningfully undervalued at current levels.Plug Power (PLUG)Source: Postmodern Studio / ShutterstockPlug Power (NASDAQ:PLUG) continues to progress toward becoming a green-hydrogen giant. Specifically, the company announced on March 21 that it had found a way to make hydrogen-powered forklifts economical for the first time “for warehouses that operate fewer than 100 electric forklifts.”According to PLUG, such warehouses buy “more than 25% of all forklifts sold in the U.S.”Moreover, Plug provided hydrogen fuel cells for a recent successful test flight of a small plane that was partially powered by hydrogen. The plane is owned by Universal Hydrogen, which carried out the test and has made a deal to supply hydrogen to American Airlines (NASDAQ:AAL) “by 2025.” And America’s smaller, main planes are expected to start utilizing hydrogen around 2029.Since PLUG is a major supplier of green hydrogen and is working with Universal Hydrogen, the latter company will likely buy a great deal of green hydrogen from Plug Power, lifting Plug’s financial results and PLUG stock in the process.Plug Power is trading for just 1.3 times its 2026 revenue guidance of $5 billion, making the shares’ valuation quite attractive.Darden (DRI)Source: ShutterstockDarden (NYSE:DRI), which owns and operates many casual-dining restaurants, delivered beat-and-raise quarterly results on March 23.Specifically, the company’s revenue soared 14% year-over-year, while its same-store sales climbed 11.7%. Meanwhile, Darden’s earnings per share came in at $2.34, and it increased its fiscal 2023 EPS estimate to $7.85-$8 from $7.60-$8.Bank of America responded to the news by raising its price target on DRI stock to $172 from $170. The firm is upbeat on the company’s low-price strategy, and it thinks that DRI could beat its same-restaurant-sales-growth guidance of 3%-5% for the current quarter. The bank maintained a “buy” rating on the shares.And calling Darden’s Q3 results “solid,” RBC Capital raised its price target on the shares to $165 from $160. The bank says that commodity prices are trending downwards, which maintained an “outperform” rating on DRI stock.Given Darden’s strong growth, its forward price-to-earnings ratio of 16.8 times is quite attractive regarding undervalued growth stocks.Air Products & Chemicals (APD)Source: Andy Borysowski / Shutterstock.comInvestorPlace columnist Chris Markoch recently reported that Air Products & Chemicals (NYSE:APD) plans to spend “over $15 billion by 2027 to deliver large amounts of clean hydrogen.”Thus, over the long term, APD will likely deliver strong growth as the demand for green hydrogen by trucking companies, airlines, and many other companies surges tremendously.Supporting my theory, APD CEO Seifi Ghasemi said in February, “We continue to see significant opportunities…to bring green hydrogen to consumers around the world,”And as Markoch points out, the company has low debt and a stable gas business, making the shares appealing to conservative investors. Also noteworthy is that APD expects its earnings per share, excluding certain items, to soar 9%-12% this year to $11.20-$11.50.On March 7, investment bank Evercore added APD to its “Tactical Outpeform” list, citing the company’s favorable valuation and the strong outlook of its industrial gases business.At the midpoint, that equates to a forward price-to-earnings ratio of 23.7 for APD stock. That valuation is very attractive, given the company’s strong profitability and a huge opportunity in green hydrogen.Canadian Solar (CSIQ)Source: Shutter B Photo / Shutterstock.comCanadian Solar (NASDAQ:CSIQ) reported very strong fourth-quarter results, showing that it’s benefiting a great deal from the very rapid proliferation of solar energy. Specifically, the company’s shipments of solar modules soared 68% year-over-year, while its net income jumped almost 300% to $77.8 million. Moreover, its gross margin came in at nearly 17.7%, near the upper end of its guidance range. And analysts, on average, expect its EPS to soar 69% in 2023.Importantly CEO Shawn Qu, speaking on the company’s Q4 earnings call, stated that he thinks gross margins can reach “20% to 30%..in [the] mid to long term.”And impressively, CSIQ stock has a Composite Rating of 89 from IBD, including an RS score of 90,. The latter score indicates that CSIQ stock has meaningfully outperformed the market in the last year.CSIQ should continue to benefit from the quickly increasing use of solar energy in many parts of the world, especially China and Europe, and from the electrification of transportation.The stock’s forward price-to-earnings ratio of 5.75x is extremely low, making it one of the top undervalued growth stocks.PayPal (PYPL)Source: Michael Vi / Shutterstock.comPayPal (NASDAQ:PYPL) is clearly continuing to benefit from the ongoing growth of e-commerce and digital payments, along with strong consumer spending trends. Last quarter, its free cash flow climbed 4%, while it expects its earnings per share, excluding some items, to rise around 24% this quarter versus the same period a year earlier.Going forward, the company may also get a boost from the accusations made by Hindenburg Research against Block (NYSE:SQ). First, some investors who have sold SQ stock because of the accusations could look to buy PayPal instead. And secondly, PayPal does compete with Block to some extent, and some small businesses could give up Block and turn to PayPal in the wake of Hindenburg’s charges.Also noteworthy is that outgoing CEO Dan Schulman, on March 9, said that “I think across our business, we’re seeing strength that’s beyond what we expected.” Schulman said that a rebound of e-commerce, or “discretionary spending,” may be responsible for the rebound.Alternatively, PayPal could be gaining market share, he stated.PYPL stock has a very attractive forward price-to-earnings ratio of 15x.Volkswagen (VWAGY)Source: multitel / Shutterstock.comVolkswagen’s (OTCMKTS:VWAGY) revenue climbed 11.6% last year, and it is second when it comes to global sales of automobiles. Additionally, the company’s earnings before taxes jumped 9.5% last year to 22 billion euros. And in the fourth quarter, its global auto sales climbed 11% compared to a year earlier.Going forward, the automaker should benefit from improving economic trends in the EU. Indeed, the number of “new car registrations” in the bloc jumped 11.5% year-over-year last month.Moreover, Volkswagen is a leader in the rapidly growing EV sector. Last quarter, its global EV sales jumped 24% year-over-year to 118,000. In the EU, overall EV sales soared 40% YOY last month, so Volkswagen’s leadership in the EV sector should boost its growth within Europe. And with the automaker planning to invest a great deal in its EV transformation going forward, it should benefit tremendously from the continued proliferation of EVs in Europe, the U.S., and China.Despite all of these positive catalysts, Volkswagen has a tiny forward price-to-earnings ratio of just 4.9x. That makes it among the best undervalued growth stocks in my book.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":106179148,"gmtCreate":1680238660587,"gmtModify":1680238664490,"authorId":3568965050760713,"author":{"id":3568965050760713,"idStr":"3568965050760713","authorId":3568965050760713,"name":"TK63","avatar":"https://static.tigerbbs.com/a4080eac72045136aac680a580145aba","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9941673252,"type":1,"supId":0,"prevId":0,"content":"tq","text":"tq","html":"tq"}],"langContent":"EN"},{"id":9941645475,"gmtCreate":1680233877798,"gmtModify":1680233881440,"author":{"id":"4116569270341752","authorId":"4116569270341752","name":"valentia","avatar":"https://community-static.tradeup.com/news/64f8204fb4e5976eb0c1960943ccb2a2","vip":1,"crmLevel":4,"crmLevelSwitch":1,"authorIdStr":"4116569270341752","idStr":"4116569270341752"},"htmlText":"Okie&nbsp;","listText":"Okie&nbsp;","text":"Okie","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941645475","repostId":2323745014,"repostType":2,"repost":{"id":"2323745014","pubTimestamp":1680222146,"share":"https://ttm.financial/m/news/2323745014?lang=&edition=fundamental","pubTime":"2023-03-31 08:22","market":"us","language":"en","title":"7 Undervalued Growth Stocks to Buy Before They Take Off","url":"https://stock-news.laohu8.com/highlight/detail?id=2323745014","media":"InvestorPlace","summary":"Roku (ROKU): Roku is getting a lift from the rebounding TV ad market.Plug Power (PLUG): PLUG is pois","content":"<html><head></head><body><ul><li>Roku (ROKU): Roku is getting a lift from the rebounding TV ad market.</li><li>Plug Power (PLUG): PLUG is poised to become a major supplier of green hydrogen to a large airlines.</li><li>Darden (DRI): DRI reported outstanding quarterly results this month.</li><li>Keep reading to find the complete list of undervalued growth stocks!</li></ul><img src=\"https://static.tigerbbs.com/d9691c73d2c90fafebcc65ae4d5ebc19\" tg-width=\"768\" tg-height=\"432\"/>Source: REDPIXEL.PL / Shutterstock.comWith the mini-banking crisis ebbing, the Fed poised to stop raising interest rates, and strong economic growth, it’s a good time to find undervalued growth stocks to buy.Significant parts of most of the American banks that have failed in recent weeks have been acquired, while a troublesome European bank, Credit Suisse, was bought by UBS (NYSE:UBS). Meanwhile, the flow of deposits from small banks to large banks “has slowed to a trickle in recent days, CNBC reported on March 25. The latter data indicate that the banking sector is quickly returning to normal after the mini-crisis. As a result, the mini-crisis is unlikely to trigger a recession and almost certainly won’t result in a credit crunch.Further, the Fed is poised to finally take its foot off the brake, as most Fed officials expect to raise rates minimally for the rest of this year.On the economic front, the labor market continues to be very strong, and the central bank expects the economy to grow at a scintillating, annualized pace of 3.2% this quarter.Here are seven undervalued stocks to buy that will enable investors to take advantage of these favorable macro conditions.<h2>Undervalued Growth Stocks: Roku (ROKU)</h2><img src=\"https://static.tigerbbs.com/a667fe0ddb71e20f994e71009e4d7590\" tg-width=\"300\" tg-height=\"169\"/>Source: Michael Vi / ShutterstockAs I’ve pointed out in past columns, Roku (NASDAQ:ROKU) provides the leading operating system for streaming TV, which has become consumers’ favorite way to watch television. And I’ve noted that the supply chain and ad issues that have plagued the company in recent years should ebb as supply chains continue to improve.Now the Street is catching on to ROKU stock’s strong, positive catalysts. That’s because investment bank Susquehanna raised its rating on ROKU to “positive” from “neutral.” The firm thinks the company’s financial results are “bottoming,” It will benefit over the long term as marketers move more ads to streaming channels.The firm reported that the ad market appears to be improving, while Roku could soon start selling ads to other digital platforms. According to the investment bank, the latter initiative could enable Roku to collect additional “high margin revenue.”ROKU is currently changing hands at a relatively low forward price-sales ratio of 2.35. Given Roku’s tremendous growth potential, I think the shares are meaningfully undervalued at current levels.<h2>Plug Power (PLUG)</h2><img src=\"https://static.tigerbbs.com/8baac56f5c9242be08f484dc5169a823\" tg-width=\"300\" tg-height=\"169\"/>Source: Postmodern Studio / ShutterstockPlug Power (NASDAQ:PLUG) continues to progress toward becoming a green-hydrogen giant. Specifically, the company announced on March 21 that it had found a way to make hydrogen-powered forklifts economical for the first time “for warehouses that operate fewer than 100 electric forklifts.”According to PLUG, such warehouses buy “more than 25% of all forklifts sold in the U.S.”Moreover, Plug provided hydrogen fuel cells for a recent successful test flight of a small plane that was partially powered by hydrogen. The plane is owned by Universal Hydrogen, which carried out the test and has made a deal to supply hydrogen to American Airlines (NASDAQ:AAL) “by 2025.” And America’s smaller, main planes are expected to start utilizing hydrogen around 2029.Since PLUG is a major supplier of green hydrogen and is working with Universal Hydrogen, the latter company will likely buy a great deal of green hydrogen from Plug Power, lifting Plug’s financial results and PLUG stock in the process.Plug Power is trading for just 1.3 times its 2026 revenue guidance of $5 billion, making the shares’ valuation quite attractive.<h2>Darden (DRI)</h2><img src=\"https://static.tigerbbs.com/7bfb9f537e8a9add6ff029343c9197ab\" tg-width=\"300\" tg-height=\"169\"/>Source: ShutterstockDarden (NYSE:DRI), which owns and operates many casual-dining restaurants, delivered beat-and-raise quarterly results on March 23.Specifically, the company’s revenue soared 14% year-over-year, while its same-store sales climbed 11.7%. Meanwhile, Darden’s earnings per share came in at $2.34, and it increased its fiscal 2023 EPS estimate to $7.85-$8 from $7.60-$8.Bank of America responded to the news by raising its price target on DRI stock to $172 from $170. The firm is upbeat on the company’s low-price strategy, and it thinks that DRI could beat its same-restaurant-sales-growth guidance of 3%-5% for the current quarter. The bank maintained a “buy” rating on the shares.And calling Darden’s Q3 results “solid,” RBC Capital raised its price target on the shares to $165 from $160. The bank says that commodity prices are trending downwards, which maintained an “outperform” rating on DRI stock.Given Darden’s strong growth, its forward price-to-earnings ratio of 16.8 times is quite attractive regarding undervalued growth stocks.<h2>Air Products &amp; Chemicals (APD)</h2><img src=\"https://static.tigerbbs.com/0b2f5b1fa69ce6ff3b5589cb9595c036\" tg-width=\"300\" tg-height=\"169\"/>Source: Andy Borysowski / Shutterstock.comInvestorPlace columnist Chris Markoch recently reported that Air Products &amp; Chemicals (NYSE:APD) plans to spend “over $15 billion by 2027 to deliver large amounts of clean hydrogen.”Thus, over the long term, APD will likely deliver strong growth as the demand for green hydrogen by trucking companies, airlines, and many other companies surges tremendously.Supporting my theory, APD CEO Seifi Ghasemi said in February, “We continue to see significant opportunities…to bring green hydrogen to consumers around the world,”And as Markoch points out, the company has low debt and a stable gas business, making the shares appealing to conservative investors. Also noteworthy is that APD expects its earnings per share, excluding certain items, to soar 9%-12% this year to $11.20-$11.50.On March 7, investment bank Evercore added APD to its “Tactical Outpeform” list, citing the company’s favorable valuation and the strong outlook of its industrial gases business.At the midpoint, that equates to a forward price-to-earnings ratio of 23.7 for APD stock. That valuation is very attractive, given the company’s strong profitability and a huge opportunity in green hydrogen.<h2>Canadian Solar (CSIQ)</h2><img src=\"https://static.tigerbbs.com/5f004b89489d4cb1df4ad5b421940e4b\" tg-width=\"300\" tg-height=\"169\"/>Source: Shutter B Photo / Shutterstock.comCanadian Solar (NASDAQ:CSIQ) reported very strong fourth-quarter results, showing that it’s benefiting a great deal from the very rapid proliferation of solar energy. Specifically, the company’s shipments of solar modules soared 68% year-over-year, while its net income jumped almost 300% to $77.8 million. Moreover, its gross margin came in at nearly 17.7%, near the upper end of its guidance range. And analysts, on average, expect its EPS to soar 69% in 2023.Importantly CEO Shawn Qu, speaking on the company’s Q4 earnings call, stated that he thinks gross margins can reach “20% to 30%..in [the] mid to long term.”And impressively, CSIQ stock has a Composite Rating of 89 from IBD, including an RS score of 90,. The latter score indicates that CSIQ stock has meaningfully outperformed the market in the last year.CSIQ should continue to benefit from the quickly increasing use of solar energy in many parts of the world, especially China and Europe, and from the electrification of transportation.The stock’s forward price-to-earnings ratio of 5.75x is extremely low, making it one of the top undervalued growth stocks.<h2><a href=\"https://laohu8.com/S/PYPL\">PayPal</a> (PYPL)</h2><img src=\"https://static.tigerbbs.com/d31459f9b0c14e33810dd1f29612c85a\" tg-width=\"300\" tg-height=\"169\"/>Source: Michael Vi / Shutterstock.comPayPal (NASDAQ:PYPL) is clearly continuing to benefit from the ongoing growth of e-commerce and digital payments, along with strong consumer spending trends. Last quarter, its free cash flow climbed 4%, while it expects its earnings per share, excluding some items, to rise around 24% this quarter versus the same period a year earlier.Going forward, the company may also get a boost from the accusations made by Hindenburg Research against <a href=\"https://laohu8.com/S/SQ\">Block</a> (NYSE:SQ). First, some investors who have sold SQ stock because of the accusations could look to buy PayPal instead. And secondly, PayPal does compete with Block to some extent, and some small businesses could give up Block and turn to PayPal in the wake of Hindenburg’s charges.Also noteworthy is that outgoing CEO Dan Schulman, on March 9, said that “I think across our business, we’re seeing strength that’s beyond what we expected.” Schulman said that a rebound of e-commerce, or “discretionary spending,” may be responsible for the rebound.Alternatively, PayPal could be gaining market share, he stated.PYPL stock has a very attractive forward price-to-earnings ratio of 15x.<h2>Volkswagen (VWAGY)</h2><img src=\"https://static.tigerbbs.com/1245be8a7f8896e9c3e078dcc4bd0ce6\" tg-width=\"300\" tg-height=\"169\"/>Source: multitel / Shutterstock.comVolkswagen’s (OTCMKTS:VWAGY) revenue climbed 11.6% last year, and it is second when it comes to global sales of automobiles. Additionally, the company’s earnings before taxes jumped 9.5% last year to 22 billion euros. And in the fourth quarter, its global auto sales climbed 11% compared to a year earlier.Going forward, the automaker should benefit from improving economic trends in the EU. Indeed, the number of “new car registrations” in the bloc jumped 11.5% year-over-year last month.Moreover, Volkswagen is a leader in the rapidly growing EV sector. Last quarter, its global EV sales jumped 24% year-over-year to 118,000. In the EU, overall EV sales soared 40% YOY last month, so Volkswagen’s leadership in the EV sector should boost its growth within Europe. And with the automaker planning to invest a great deal in its EV transformation going forward, it should benefit tremendously from the continued proliferation of EVs in Europe, the U.S., and China.Despite all of these positive catalysts, Volkswagen has a tiny forward price-to-earnings ratio of just 4.9x. That makes it among the best undervalued growth stocks in my book.</body></html>","source":"investorplace","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>7 Undervalued Growth Stocks to Buy Before They Take Off</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n7 Undervalued Growth Stocks to Buy Before They Take Off\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-31 08:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/03/7-undervalued-growth-stocks-to-buy-before-they-take-off/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nRoku (ROKU): Roku is getting a lift from the rebounding TV ad market.Plug Power (PLUG): PLUG is poised to become a major supplier of green hydrogen to a large airlines.Darden (DRI): DRI reported ...\n\n<a href=\"https://investorplace.com/2023/03/7-undervalued-growth-stocks-to-buy-before-they-take-off/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU2089284900.SGD":"Allianz Global Sustainability Cl AM Dis H2-SGD","BK4503":"景林资产持仓","QID":"纳指两倍做空ETF","BK4118":"综合性资本市场","BK4519":"光伏太阳能","PLUG":"普拉格能源","LU1861217088.USD":"贝莱德金融科技A2","BK4581":"高盛持仓","PYPL":"PayPal","SQQQ":"纳指三倍做空ETF","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","BK4096":"电气部件与设备","BK4209":"餐馆","BK4099":"汽车制造商","BK4548":"巴美列捷福持仓","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","BK4541":"氢能源","LU2089283258.USD":"安联环球可持续基金Cl AM Dis","LU1548497426.USD":"安联环球人工智能AT Acc","QLD":"纳指两倍做多ETF","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4528":"SaaS概念","TQQQ":"纳指三倍做多ETF","AAL":"美国航空","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","VWAGY":"大众汽车ADR","BK4532":"文艺复兴科技持仓","BK4554":"元宇宙及AR概念","PSQ":"纳指反向ETF","BK4008":"航空公司","ROKU":"Roku Inc","SQ":"Block","BK4585":"ETF&股票定投概念","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","BK4500":"航空公司","APD":"空气化工","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4101":"工业气体","DRI":"达登饭店","CSIQ":"阿特斯太阳能","BK4566":"资本集团","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4535":"淡马锡持仓","LU2023251221.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (USD) INC","BK4524":"宅经济概念","BK4550":"红杉资本持仓","BK4141":"半导体产品"},"source_url":"https://investorplace.com/2023/03/7-undervalued-growth-stocks-to-buy-before-they-take-off/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2323745014","content_text":"Roku (ROKU): Roku is getting a lift from the rebounding TV ad market.Plug Power (PLUG): PLUG is poised to become a major supplier of green hydrogen to a large airlines.Darden (DRI): DRI reported outstanding quarterly results this month.Keep reading to find the complete list of undervalued growth stocks!Source: REDPIXEL.PL / Shutterstock.comWith the mini-banking crisis ebbing, the Fed poised to stop raising interest rates, and strong economic growth, it’s a good time to find undervalued growth stocks to buy.Significant parts of most of the American banks that have failed in recent weeks have been acquired, while a troublesome European bank, Credit Suisse, was bought by UBS (NYSE:UBS). Meanwhile, the flow of deposits from small banks to large banks “has slowed to a trickle in recent days, CNBC reported on March 25. The latter data indicate that the banking sector is quickly returning to normal after the mini-crisis. As a result, the mini-crisis is unlikely to trigger a recession and almost certainly won’t result in a credit crunch.Further, the Fed is poised to finally take its foot off the brake, as most Fed officials expect to raise rates minimally for the rest of this year.On the economic front, the labor market continues to be very strong, and the central bank expects the economy to grow at a scintillating, annualized pace of 3.2% this quarter.Here are seven undervalued stocks to buy that will enable investors to take advantage of these favorable macro conditions.Undervalued Growth Stocks: Roku (ROKU)Source: Michael Vi / ShutterstockAs I’ve pointed out in past columns, Roku (NASDAQ:ROKU) provides the leading operating system for streaming TV, which has become consumers’ favorite way to watch television. And I’ve noted that the supply chain and ad issues that have plagued the company in recent years should ebb as supply chains continue to improve.Now the Street is catching on to ROKU stock’s strong, positive catalysts. That’s because investment bank Susquehanna raised its rating on ROKU to “positive” from “neutral.” The firm thinks the company’s financial results are “bottoming,” It will benefit over the long term as marketers move more ads to streaming channels.The firm reported that the ad market appears to be improving, while Roku could soon start selling ads to other digital platforms. According to the investment bank, the latter initiative could enable Roku to collect additional “high margin revenue.”ROKU is currently changing hands at a relatively low forward price-sales ratio of 2.35. Given Roku’s tremendous growth potential, I think the shares are meaningfully undervalued at current levels.Plug Power (PLUG)Source: Postmodern Studio / ShutterstockPlug Power (NASDAQ:PLUG) continues to progress toward becoming a green-hydrogen giant. Specifically, the company announced on March 21 that it had found a way to make hydrogen-powered forklifts economical for the first time “for warehouses that operate fewer than 100 electric forklifts.”According to PLUG, such warehouses buy “more than 25% of all forklifts sold in the U.S.”Moreover, Plug provided hydrogen fuel cells for a recent successful test flight of a small plane that was partially powered by hydrogen. The plane is owned by Universal Hydrogen, which carried out the test and has made a deal to supply hydrogen to American Airlines (NASDAQ:AAL) “by 2025.” And America’s smaller, main planes are expected to start utilizing hydrogen around 2029.Since PLUG is a major supplier of green hydrogen and is working with Universal Hydrogen, the latter company will likely buy a great deal of green hydrogen from Plug Power, lifting Plug’s financial results and PLUG stock in the process.Plug Power is trading for just 1.3 times its 2026 revenue guidance of $5 billion, making the shares’ valuation quite attractive.Darden (DRI)Source: ShutterstockDarden (NYSE:DRI), which owns and operates many casual-dining restaurants, delivered beat-and-raise quarterly results on March 23.Specifically, the company’s revenue soared 14% year-over-year, while its same-store sales climbed 11.7%. Meanwhile, Darden’s earnings per share came in at $2.34, and it increased its fiscal 2023 EPS estimate to $7.85-$8 from $7.60-$8.Bank of America responded to the news by raising its price target on DRI stock to $172 from $170. The firm is upbeat on the company’s low-price strategy, and it thinks that DRI could beat its same-restaurant-sales-growth guidance of 3%-5% for the current quarter. The bank maintained a “buy” rating on the shares.And calling Darden’s Q3 results “solid,” RBC Capital raised its price target on the shares to $165 from $160. The bank says that commodity prices are trending downwards, which maintained an “outperform” rating on DRI stock.Given Darden’s strong growth, its forward price-to-earnings ratio of 16.8 times is quite attractive regarding undervalued growth stocks.Air Products & Chemicals (APD)Source: Andy Borysowski / Shutterstock.comInvestorPlace columnist Chris Markoch recently reported that Air Products & Chemicals (NYSE:APD) plans to spend “over $15 billion by 2027 to deliver large amounts of clean hydrogen.”Thus, over the long term, APD will likely deliver strong growth as the demand for green hydrogen by trucking companies, airlines, and many other companies surges tremendously.Supporting my theory, APD CEO Seifi Ghasemi said in February, “We continue to see significant opportunities…to bring green hydrogen to consumers around the world,”And as Markoch points out, the company has low debt and a stable gas business, making the shares appealing to conservative investors. Also noteworthy is that APD expects its earnings per share, excluding certain items, to soar 9%-12% this year to $11.20-$11.50.On March 7, investment bank Evercore added APD to its “Tactical Outpeform” list, citing the company’s favorable valuation and the strong outlook of its industrial gases business.At the midpoint, that equates to a forward price-to-earnings ratio of 23.7 for APD stock. That valuation is very attractive, given the company’s strong profitability and a huge opportunity in green hydrogen.Canadian Solar (CSIQ)Source: Shutter B Photo / Shutterstock.comCanadian Solar (NASDAQ:CSIQ) reported very strong fourth-quarter results, showing that it’s benefiting a great deal from the very rapid proliferation of solar energy. Specifically, the company’s shipments of solar modules soared 68% year-over-year, while its net income jumped almost 300% to $77.8 million. Moreover, its gross margin came in at nearly 17.7%, near the upper end of its guidance range. And analysts, on average, expect its EPS to soar 69% in 2023.Importantly CEO Shawn Qu, speaking on the company’s Q4 earnings call, stated that he thinks gross margins can reach “20% to 30%..in [the] mid to long term.”And impressively, CSIQ stock has a Composite Rating of 89 from IBD, including an RS score of 90,. The latter score indicates that CSIQ stock has meaningfully outperformed the market in the last year.CSIQ should continue to benefit from the quickly increasing use of solar energy in many parts of the world, especially China and Europe, and from the electrification of transportation.The stock’s forward price-to-earnings ratio of 5.75x is extremely low, making it one of the top undervalued growth stocks.PayPal (PYPL)Source: Michael Vi / Shutterstock.comPayPal (NASDAQ:PYPL) is clearly continuing to benefit from the ongoing growth of e-commerce and digital payments, along with strong consumer spending trends. Last quarter, its free cash flow climbed 4%, while it expects its earnings per share, excluding some items, to rise around 24% this quarter versus the same period a year earlier.Going forward, the company may also get a boost from the accusations made by Hindenburg Research against Block (NYSE:SQ). First, some investors who have sold SQ stock because of the accusations could look to buy PayPal instead. And secondly, PayPal does compete with Block to some extent, and some small businesses could give up Block and turn to PayPal in the wake of Hindenburg’s charges.Also noteworthy is that outgoing CEO Dan Schulman, on March 9, said that “I think across our business, we’re seeing strength that’s beyond what we expected.” Schulman said that a rebound of e-commerce, or “discretionary spending,” may be responsible for the rebound.Alternatively, PayPal could be gaining market share, he stated.PYPL stock has a very attractive forward price-to-earnings ratio of 15x.Volkswagen (VWAGY)Source: multitel / Shutterstock.comVolkswagen’s (OTCMKTS:VWAGY) revenue climbed 11.6% last year, and it is second when it comes to global sales of automobiles. Additionally, the company’s earnings before taxes jumped 9.5% last year to 22 billion euros. And in the fourth quarter, its global auto sales climbed 11% compared to a year earlier.Going forward, the automaker should benefit from improving economic trends in the EU. Indeed, the number of “new car registrations” in the bloc jumped 11.5% year-over-year last month.Moreover, Volkswagen is a leader in the rapidly growing EV sector. Last quarter, its global EV sales jumped 24% year-over-year to 118,000. In the EU, overall EV sales soared 40% YOY last month, so Volkswagen’s leadership in the EV sector should boost its growth within Europe. And with the automaker planning to invest a great deal in its EV transformation going forward, it should benefit tremendously from the continued proliferation of EVs in Europe, the U.S., and China.Despite all of these positive catalysts, Volkswagen has a tiny forward price-to-earnings ratio of just 4.9x. That makes it among the best undervalued growth stocks in my book.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9941642853,"gmtCreate":1680232815573,"gmtModify":1680232819225,"author":{"id":"4102135564535180","authorId":"4102135564535180","name":"Seah CL","avatar":"https://community-static.tradeup.com/news/970bca7b04e85a42a2c8eabed7ec96d0","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"4102135564535180","idStr":"4102135564535180"},"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941642853","repostId":2323745014,"repostType":2,"repost":{"id":"2323745014","pubTimestamp":1680222146,"share":"https://ttm.financial/m/news/2323745014?lang=&edition=fundamental","pubTime":"2023-03-31 08:22","market":"us","language":"en","title":"7 Undervalued Growth Stocks to Buy Before They Take Off","url":"https://stock-news.laohu8.com/highlight/detail?id=2323745014","media":"InvestorPlace","summary":"Roku (ROKU): Roku is getting a lift from the rebounding TV ad market.Plug Power (PLUG): PLUG is pois","content":"<html><head></head><body><ul><li>Roku (ROKU): Roku is getting a lift from the rebounding TV ad market.</li><li>Plug Power (PLUG): PLUG is poised to become a major supplier of green hydrogen to a large airlines.</li><li>Darden (DRI): DRI reported outstanding quarterly results this month.</li><li>Keep reading to find the complete list of undervalued growth stocks!</li></ul><img src=\"https://static.tigerbbs.com/d9691c73d2c90fafebcc65ae4d5ebc19\" tg-width=\"768\" tg-height=\"432\"/>Source: REDPIXEL.PL / Shutterstock.comWith the mini-banking crisis ebbing, the Fed poised to stop raising interest rates, and strong economic growth, it’s a good time to find undervalued growth stocks to buy.Significant parts of most of the American banks that have failed in recent weeks have been acquired, while a troublesome European bank, Credit Suisse, was bought by UBS (NYSE:UBS). Meanwhile, the flow of deposits from small banks to large banks “has slowed to a trickle in recent days, CNBC reported on March 25. The latter data indicate that the banking sector is quickly returning to normal after the mini-crisis. As a result, the mini-crisis is unlikely to trigger a recession and almost certainly won’t result in a credit crunch.Further, the Fed is poised to finally take its foot off the brake, as most Fed officials expect to raise rates minimally for the rest of this year.On the economic front, the labor market continues to be very strong, and the central bank expects the economy to grow at a scintillating, annualized pace of 3.2% this quarter.Here are seven undervalued stocks to buy that will enable investors to take advantage of these favorable macro conditions.<h2>Undervalued Growth Stocks: Roku (ROKU)</h2><img src=\"https://static.tigerbbs.com/a667fe0ddb71e20f994e71009e4d7590\" tg-width=\"300\" tg-height=\"169\"/>Source: Michael Vi / ShutterstockAs I’ve pointed out in past columns, Roku (NASDAQ:ROKU) provides the leading operating system for streaming TV, which has become consumers’ favorite way to watch television. And I’ve noted that the supply chain and ad issues that have plagued the company in recent years should ebb as supply chains continue to improve.Now the Street is catching on to ROKU stock’s strong, positive catalysts. That’s because investment bank Susquehanna raised its rating on ROKU to “positive” from “neutral.” The firm thinks the company’s financial results are “bottoming,” It will benefit over the long term as marketers move more ads to streaming channels.The firm reported that the ad market appears to be improving, while Roku could soon start selling ads to other digital platforms. According to the investment bank, the latter initiative could enable Roku to collect additional “high margin revenue.”ROKU is currently changing hands at a relatively low forward price-sales ratio of 2.35. Given Roku’s tremendous growth potential, I think the shares are meaningfully undervalued at current levels.<h2>Plug Power (PLUG)</h2><img src=\"https://static.tigerbbs.com/8baac56f5c9242be08f484dc5169a823\" tg-width=\"300\" tg-height=\"169\"/>Source: Postmodern Studio / ShutterstockPlug Power (NASDAQ:PLUG) continues to progress toward becoming a green-hydrogen giant. Specifically, the company announced on March 21 that it had found a way to make hydrogen-powered forklifts economical for the first time “for warehouses that operate fewer than 100 electric forklifts.”According to PLUG, such warehouses buy “more than 25% of all forklifts sold in the U.S.”Moreover, Plug provided hydrogen fuel cells for a recent successful test flight of a small plane that was partially powered by hydrogen. The plane is owned by Universal Hydrogen, which carried out the test and has made a deal to supply hydrogen to American Airlines (NASDAQ:AAL) “by 2025.” And America’s smaller, main planes are expected to start utilizing hydrogen around 2029.Since PLUG is a major supplier of green hydrogen and is working with Universal Hydrogen, the latter company will likely buy a great deal of green hydrogen from Plug Power, lifting Plug’s financial results and PLUG stock in the process.Plug Power is trading for just 1.3 times its 2026 revenue guidance of $5 billion, making the shares’ valuation quite attractive.<h2>Darden (DRI)</h2><img src=\"https://static.tigerbbs.com/7bfb9f537e8a9add6ff029343c9197ab\" tg-width=\"300\" tg-height=\"169\"/>Source: ShutterstockDarden (NYSE:DRI), which owns and operates many casual-dining restaurants, delivered beat-and-raise quarterly results on March 23.Specifically, the company’s revenue soared 14% year-over-year, while its same-store sales climbed 11.7%. Meanwhile, Darden’s earnings per share came in at $2.34, and it increased its fiscal 2023 EPS estimate to $7.85-$8 from $7.60-$8.Bank of America responded to the news by raising its price target on DRI stock to $172 from $170. The firm is upbeat on the company’s low-price strategy, and it thinks that DRI could beat its same-restaurant-sales-growth guidance of 3%-5% for the current quarter. The bank maintained a “buy” rating on the shares.And calling Darden’s Q3 results “solid,” RBC Capital raised its price target on the shares to $165 from $160. The bank says that commodity prices are trending downwards, which maintained an “outperform” rating on DRI stock.Given Darden’s strong growth, its forward price-to-earnings ratio of 16.8 times is quite attractive regarding undervalued growth stocks.<h2>Air Products &amp; Chemicals (APD)</h2><img src=\"https://static.tigerbbs.com/0b2f5b1fa69ce6ff3b5589cb9595c036\" tg-width=\"300\" tg-height=\"169\"/>Source: Andy Borysowski / Shutterstock.comInvestorPlace columnist Chris Markoch recently reported that Air Products &amp; Chemicals (NYSE:APD) plans to spend “over $15 billion by 2027 to deliver large amounts of clean hydrogen.”Thus, over the long term, APD will likely deliver strong growth as the demand for green hydrogen by trucking companies, airlines, and many other companies surges tremendously.Supporting my theory, APD CEO Seifi Ghasemi said in February, “We continue to see significant opportunities…to bring green hydrogen to consumers around the world,”And as Markoch points out, the company has low debt and a stable gas business, making the shares appealing to conservative investors. Also noteworthy is that APD expects its earnings per share, excluding certain items, to soar 9%-12% this year to $11.20-$11.50.On March 7, investment bank Evercore added APD to its “Tactical Outpeform” list, citing the company’s favorable valuation and the strong outlook of its industrial gases business.At the midpoint, that equates to a forward price-to-earnings ratio of 23.7 for APD stock. That valuation is very attractive, given the company’s strong profitability and a huge opportunity in green hydrogen.<h2>Canadian Solar (CSIQ)</h2><img src=\"https://static.tigerbbs.com/5f004b89489d4cb1df4ad5b421940e4b\" tg-width=\"300\" tg-height=\"169\"/>Source: Shutter B Photo / Shutterstock.comCanadian Solar (NASDAQ:CSIQ) reported very strong fourth-quarter results, showing that it’s benefiting a great deal from the very rapid proliferation of solar energy. Specifically, the company’s shipments of solar modules soared 68% year-over-year, while its net income jumped almost 300% to $77.8 million. Moreover, its gross margin came in at nearly 17.7%, near the upper end of its guidance range. And analysts, on average, expect its EPS to soar 69% in 2023.Importantly CEO Shawn Qu, speaking on the company’s Q4 earnings call, stated that he thinks gross margins can reach “20% to 30%..in [the] mid to long term.”And impressively, CSIQ stock has a Composite Rating of 89 from IBD, including an RS score of 90,. The latter score indicates that CSIQ stock has meaningfully outperformed the market in the last year.CSIQ should continue to benefit from the quickly increasing use of solar energy in many parts of the world, especially China and Europe, and from the electrification of transportation.The stock’s forward price-to-earnings ratio of 5.75x is extremely low, making it one of the top undervalued growth stocks.<h2><a href=\"https://laohu8.com/S/PYPL\">PayPal</a> (PYPL)</h2><img src=\"https://static.tigerbbs.com/d31459f9b0c14e33810dd1f29612c85a\" tg-width=\"300\" tg-height=\"169\"/>Source: Michael Vi / Shutterstock.comPayPal (NASDAQ:PYPL) is clearly continuing to benefit from the ongoing growth of e-commerce and digital payments, along with strong consumer spending trends. Last quarter, its free cash flow climbed 4%, while it expects its earnings per share, excluding some items, to rise around 24% this quarter versus the same period a year earlier.Going forward, the company may also get a boost from the accusations made by Hindenburg Research against <a href=\"https://laohu8.com/S/SQ\">Block</a> (NYSE:SQ). First, some investors who have sold SQ stock because of the accusations could look to buy PayPal instead. And secondly, PayPal does compete with Block to some extent, and some small businesses could give up Block and turn to PayPal in the wake of Hindenburg’s charges.Also noteworthy is that outgoing CEO Dan Schulman, on March 9, said that “I think across our business, we’re seeing strength that’s beyond what we expected.” Schulman said that a rebound of e-commerce, or “discretionary spending,” may be responsible for the rebound.Alternatively, PayPal could be gaining market share, he stated.PYPL stock has a very attractive forward price-to-earnings ratio of 15x.<h2>Volkswagen (VWAGY)</h2><img src=\"https://static.tigerbbs.com/1245be8a7f8896e9c3e078dcc4bd0ce6\" tg-width=\"300\" tg-height=\"169\"/>Source: multitel / Shutterstock.comVolkswagen’s (OTCMKTS:VWAGY) revenue climbed 11.6% last year, and it is second when it comes to global sales of automobiles. Additionally, the company’s earnings before taxes jumped 9.5% last year to 22 billion euros. And in the fourth quarter, its global auto sales climbed 11% compared to a year earlier.Going forward, the automaker should benefit from improving economic trends in the EU. Indeed, the number of “new car registrations” in the bloc jumped 11.5% year-over-year last month.Moreover, Volkswagen is a leader in the rapidly growing EV sector. Last quarter, its global EV sales jumped 24% year-over-year to 118,000. In the EU, overall EV sales soared 40% YOY last month, so Volkswagen’s leadership in the EV sector should boost its growth within Europe. And with the automaker planning to invest a great deal in its EV transformation going forward, it should benefit tremendously from the continued proliferation of EVs in Europe, the U.S., and China.Despite all of these positive catalysts, Volkswagen has a tiny forward price-to-earnings ratio of just 4.9x. That makes it among the best undervalued growth stocks in my book.</body></html>","source":"investorplace","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>7 Undervalued Growth Stocks to Buy Before They Take Off</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n7 Undervalued Growth Stocks to Buy Before They Take Off\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-31 08:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/03/7-undervalued-growth-stocks-to-buy-before-they-take-off/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nRoku (ROKU): Roku is getting a lift from the rebounding TV ad market.Plug Power (PLUG): PLUG is poised to become a major supplier of green hydrogen to a large airlines.Darden (DRI): DRI reported ...\n\n<a href=\"https://investorplace.com/2023/03/7-undervalued-growth-stocks-to-buy-before-they-take-off/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU2089284900.SGD":"Allianz Global Sustainability Cl AM Dis H2-SGD","BK4503":"景林资产持仓","QID":"纳指两倍做空ETF","BK4118":"综合性资本市场","BK4519":"光伏太阳能","PLUG":"普拉格能源","LU1861217088.USD":"贝莱德金融科技A2","BK4581":"高盛持仓","PYPL":"PayPal","SQQQ":"纳指三倍做空ETF","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","BK4096":"电气部件与设备","BK4209":"餐馆","BK4099":"汽车制造商","BK4548":"巴美列捷福持仓","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","BK4541":"氢能源","LU2089283258.USD":"安联环球可持续基金Cl AM Dis","LU1548497426.USD":"安联环球人工智能AT Acc","QLD":"纳指两倍做多ETF","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4528":"SaaS概念","TQQQ":"纳指三倍做多ETF","AAL":"美国航空","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","VWAGY":"大众汽车ADR","BK4532":"文艺复兴科技持仓","BK4554":"元宇宙及AR概念","PSQ":"纳指反向ETF","BK4008":"航空公司","ROKU":"Roku Inc","SQ":"Block","BK4585":"ETF&股票定投概念","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","BK4500":"航空公司","APD":"空气化工","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4101":"工业气体","DRI":"达登饭店","CSIQ":"阿特斯太阳能","BK4566":"资本集团","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4535":"淡马锡持仓","LU2023251221.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (USD) INC","BK4524":"宅经济概念","BK4550":"红杉资本持仓","BK4141":"半导体产品"},"source_url":"https://investorplace.com/2023/03/7-undervalued-growth-stocks-to-buy-before-they-take-off/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2323745014","content_text":"Roku (ROKU): Roku is getting a lift from the rebounding TV ad market.Plug Power (PLUG): PLUG is poised to become a major supplier of green hydrogen to a large airlines.Darden (DRI): DRI reported outstanding quarterly results this month.Keep reading to find the complete list of undervalued growth stocks!Source: REDPIXEL.PL / Shutterstock.comWith the mini-banking crisis ebbing, the Fed poised to stop raising interest rates, and strong economic growth, it’s a good time to find undervalued growth stocks to buy.Significant parts of most of the American banks that have failed in recent weeks have been acquired, while a troublesome European bank, Credit Suisse, was bought by UBS (NYSE:UBS). Meanwhile, the flow of deposits from small banks to large banks “has slowed to a trickle in recent days, CNBC reported on March 25. The latter data indicate that the banking sector is quickly returning to normal after the mini-crisis. As a result, the mini-crisis is unlikely to trigger a recession and almost certainly won’t result in a credit crunch.Further, the Fed is poised to finally take its foot off the brake, as most Fed officials expect to raise rates minimally for the rest of this year.On the economic front, the labor market continues to be very strong, and the central bank expects the economy to grow at a scintillating, annualized pace of 3.2% this quarter.Here are seven undervalued stocks to buy that will enable investors to take advantage of these favorable macro conditions.Undervalued Growth Stocks: Roku (ROKU)Source: Michael Vi / ShutterstockAs I’ve pointed out in past columns, Roku (NASDAQ:ROKU) provides the leading operating system for streaming TV, which has become consumers’ favorite way to watch television. And I’ve noted that the supply chain and ad issues that have plagued the company in recent years should ebb as supply chains continue to improve.Now the Street is catching on to ROKU stock’s strong, positive catalysts. That’s because investment bank Susquehanna raised its rating on ROKU to “positive” from “neutral.” The firm thinks the company’s financial results are “bottoming,” It will benefit over the long term as marketers move more ads to streaming channels.The firm reported that the ad market appears to be improving, while Roku could soon start selling ads to other digital platforms. According to the investment bank, the latter initiative could enable Roku to collect additional “high margin revenue.”ROKU is currently changing hands at a relatively low forward price-sales ratio of 2.35. Given Roku’s tremendous growth potential, I think the shares are meaningfully undervalued at current levels.Plug Power (PLUG)Source: Postmodern Studio / ShutterstockPlug Power (NASDAQ:PLUG) continues to progress toward becoming a green-hydrogen giant. Specifically, the company announced on March 21 that it had found a way to make hydrogen-powered forklifts economical for the first time “for warehouses that operate fewer than 100 electric forklifts.”According to PLUG, such warehouses buy “more than 25% of all forklifts sold in the U.S.”Moreover, Plug provided hydrogen fuel cells for a recent successful test flight of a small plane that was partially powered by hydrogen. The plane is owned by Universal Hydrogen, which carried out the test and has made a deal to supply hydrogen to American Airlines (NASDAQ:AAL) “by 2025.” And America’s smaller, main planes are expected to start utilizing hydrogen around 2029.Since PLUG is a major supplier of green hydrogen and is working with Universal Hydrogen, the latter company will likely buy a great deal of green hydrogen from Plug Power, lifting Plug’s financial results and PLUG stock in the process.Plug Power is trading for just 1.3 times its 2026 revenue guidance of $5 billion, making the shares’ valuation quite attractive.Darden (DRI)Source: ShutterstockDarden (NYSE:DRI), which owns and operates many casual-dining restaurants, delivered beat-and-raise quarterly results on March 23.Specifically, the company’s revenue soared 14% year-over-year, while its same-store sales climbed 11.7%. Meanwhile, Darden’s earnings per share came in at $2.34, and it increased its fiscal 2023 EPS estimate to $7.85-$8 from $7.60-$8.Bank of America responded to the news by raising its price target on DRI stock to $172 from $170. The firm is upbeat on the company’s low-price strategy, and it thinks that DRI could beat its same-restaurant-sales-growth guidance of 3%-5% for the current quarter. The bank maintained a “buy” rating on the shares.And calling Darden’s Q3 results “solid,” RBC Capital raised its price target on the shares to $165 from $160. The bank says that commodity prices are trending downwards, which maintained an “outperform” rating on DRI stock.Given Darden’s strong growth, its forward price-to-earnings ratio of 16.8 times is quite attractive regarding undervalued growth stocks.Air Products & Chemicals (APD)Source: Andy Borysowski / Shutterstock.comInvestorPlace columnist Chris Markoch recently reported that Air Products & Chemicals (NYSE:APD) plans to spend “over $15 billion by 2027 to deliver large amounts of clean hydrogen.”Thus, over the long term, APD will likely deliver strong growth as the demand for green hydrogen by trucking companies, airlines, and many other companies surges tremendously.Supporting my theory, APD CEO Seifi Ghasemi said in February, “We continue to see significant opportunities…to bring green hydrogen to consumers around the world,”And as Markoch points out, the company has low debt and a stable gas business, making the shares appealing to conservative investors. Also noteworthy is that APD expects its earnings per share, excluding certain items, to soar 9%-12% this year to $11.20-$11.50.On March 7, investment bank Evercore added APD to its “Tactical Outpeform” list, citing the company’s favorable valuation and the strong outlook of its industrial gases business.At the midpoint, that equates to a forward price-to-earnings ratio of 23.7 for APD stock. That valuation is very attractive, given the company’s strong profitability and a huge opportunity in green hydrogen.Canadian Solar (CSIQ)Source: Shutter B Photo / Shutterstock.comCanadian Solar (NASDAQ:CSIQ) reported very strong fourth-quarter results, showing that it’s benefiting a great deal from the very rapid proliferation of solar energy. Specifically, the company’s shipments of solar modules soared 68% year-over-year, while its net income jumped almost 300% to $77.8 million. Moreover, its gross margin came in at nearly 17.7%, near the upper end of its guidance range. And analysts, on average, expect its EPS to soar 69% in 2023.Importantly CEO Shawn Qu, speaking on the company’s Q4 earnings call, stated that he thinks gross margins can reach “20% to 30%..in [the] mid to long term.”And impressively, CSIQ stock has a Composite Rating of 89 from IBD, including an RS score of 90,. The latter score indicates that CSIQ stock has meaningfully outperformed the market in the last year.CSIQ should continue to benefit from the quickly increasing use of solar energy in many parts of the world, especially China and Europe, and from the electrification of transportation.The stock’s forward price-to-earnings ratio of 5.75x is extremely low, making it one of the top undervalued growth stocks.PayPal (PYPL)Source: Michael Vi / Shutterstock.comPayPal (NASDAQ:PYPL) is clearly continuing to benefit from the ongoing growth of e-commerce and digital payments, along with strong consumer spending trends. Last quarter, its free cash flow climbed 4%, while it expects its earnings per share, excluding some items, to rise around 24% this quarter versus the same period a year earlier.Going forward, the company may also get a boost from the accusations made by Hindenburg Research against Block (NYSE:SQ). First, some investors who have sold SQ stock because of the accusations could look to buy PayPal instead. And secondly, PayPal does compete with Block to some extent, and some small businesses could give up Block and turn to PayPal in the wake of Hindenburg’s charges.Also noteworthy is that outgoing CEO Dan Schulman, on March 9, said that “I think across our business, we’re seeing strength that’s beyond what we expected.” Schulman said that a rebound of e-commerce, or “discretionary spending,” may be responsible for the rebound.Alternatively, PayPal could be gaining market share, he stated.PYPL stock has a very attractive forward price-to-earnings ratio of 15x.Volkswagen (VWAGY)Source: multitel / Shutterstock.comVolkswagen’s (OTCMKTS:VWAGY) revenue climbed 11.6% last year, and it is second when it comes to global sales of automobiles. Additionally, the company’s earnings before taxes jumped 9.5% last year to 22 billion euros. And in the fourth quarter, its global auto sales climbed 11% compared to a year earlier.Going forward, the automaker should benefit from improving economic trends in the EU. Indeed, the number of “new car registrations” in the bloc jumped 11.5% year-over-year last month.Moreover, Volkswagen is a leader in the rapidly growing EV sector. Last quarter, its global EV sales jumped 24% year-over-year to 118,000. In the EU, overall EV sales soared 40% YOY last month, so Volkswagen’s leadership in the EV sector should boost its growth within Europe. And with the automaker planning to invest a great deal in its EV transformation going forward, it should benefit tremendously from the continued proliferation of EVs in Europe, the U.S., and China.Despite all of these positive catalysts, Volkswagen has a tiny forward price-to-earnings ratio of just 4.9x. That makes it among the best undervalued growth stocks in my book.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":136,"commentSize":8,"repostSize":6,"favoriteSize":6,"likeStatus":false,"favoriteStatus":false}}