There are several sneaky growth plays with fair prices heading into next year, according to a recent Goldman Sachs analysis.
Goldman analyst Deep Mehta gave a list of names deemed to be "growth at a reasonable price," or GARP, stocks.
These are companies with strong growth potential that are considered to be trading at a generally attractive valuation, offering investors a middle ground between pure growth stocks and value stocks.
To find these "GARP" stocks, the firm screened for buy-rated laggards with at least 10% upside to price target, sales growth exceeding 10% and a price-earnings growth ratio below 1.
Take a look at few of the names below: Picks with strong growth expectations and reasonable valuations include clean energy names Fluence Energy and Enphase Energy , as well as Advanced Micro Devices and Teradyne .
Persons:
Goldman Sachs, Deep Mehta, Mehta, Goldman, Fluence, Jefferies, Julien Dumoulin, Smith, Trump, Pinterest, Eric Sheridan, MediaAlpha
Organizations:
Goldman, Energy, Enphase Energy, Devices, AMD, Bank of America
Locations:
U.S