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Our monthly Fire Best Buys Now are designed to highlight our teamâs three favourite, most timely Buys from our growing list of growth-focused Fire recommendations, to help Fools build out their portfolios.
âBest Buys Nowâ Pick #1:
PayPal (NASDAQ:PYPL)
PayPal is the global leader in digital payments.
Its Q3 earnings were mixed, with the company reporting 9% sales growth at constant currency and 20% adjusted EPS growth, both ahead of guidance
However, it has lowered the revenue growth forecast for the fourth quarter, as growth in the legacy PayPal checkout business wasnât as âelevatedâas the company planned.
The longer-term strategy seems reassuring, with new CEO Alex Chriss aiming for âhigh-quality customer growth and profitable revenue growthâ.
Itâs also a positive that the company is managing its cost structure, which it believes is too high, partly stemming from acquisitions over the past few years resulting in lots of duplication of work. The efficiency drive should boost margins and cash flow in the medium term.
With the share price down by some 23% in the past 12 months, itâs currently trading at 12x expected earnings for 2023, which seems like a reasonable valuation for a growing, highly profitable business returning cash to its investors.
âBest Buys Nowâ Pick #2:
Redacted
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The post Just released: the 3 best growth-focused stocks to buy in January [PREMIUM PICKS] appeared first on The Motley Fool UK.
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The Motley Fool UK has recommended PayPal. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.
