3 Red-Hot Growth Stocks That Are Still Cheap Buys
Are you looking for some exciting growth stocks to put in your portfolio? While some stocks may have risen to absurd valuations, there are still deals out there, especially for long-term investors. Three stocks that are doing well this year and that arguably still look cheap are Vertex Pharmaceuticals (NASDAQ: VRTX), Carnival (NYSE: CCL), and Alphabet (NASDAQ: GOOG). At less than 25 times their future earnings and plenty of growth potential, these high-flying stocks could just be getting warmed up.
It has been a strong year for Vertex Pharmaceuticals stock. Up around 25% year to date, it's trading near its 52-week high as the business has continued to do well this year with revenue rising 13% year to date and more growth still on the horizon.
But despite its gains to date, this healthcare stock could be heading even higher in the future. That's because the business is getting bigger and more diverse. Today its revenue predominantly comes from its cystic fibrosis (CF) drugs -- but that could soon change.
Source Fool.com
Vertex Pharmaceuticals Inc. Stock
With 57 Buy predictions and 2 Sell predictions Vertex Pharmaceuticals Inc. is one of the favorites of our community.
However, we have a potential of -2.84% for Vertex Pharmaceuticals Inc. as the target price of 440 € is below the current price of 452.85 €.
