Now in the last quarter of the year and the stock market indexes back in an uptrend, what are the best IPO stocks to buy and watch in 2021?
Including cryptocurrency stocks Argo Blockchain and Silvergate Capital, here are 18 stocks looking for at least 50% earnings growth in their current fiscal year. InMode, Olaplex, Endeavor Group, and Datadog also make the cut.
This list of top IPOs that have debuted since 2019 also includes swimming pool equipment retailer Hayward (HAYW), semiconductor sector stock SiTime (SITM) and Telus International (TIXT).
Built using MarketSmith, the screen filters the entire IBD database identifying only those companies that meet the criteria listed below.
All the IPO stocks on this screen must:
- Have gone public since 2019.
- Trade 200,000+ shares per day on average
- Expect 50% or higher EPS growth in 2021.
- Have sales growth above 25% last quarter.
- Earn a Composite Rating 80 or higher.
Stock Checkup requires a Composite Rating of 95 or higher to earn a passing grade. Many IPOs, even ones showing strong promise, have not been trading on the stock market long enough — or lag on other metrics — to meet that benchmark.
But each of the IPO stocks featured here have an 80 or better Composite Rating to show their fundamental and technical performance puts them in the top 20% of all stocks.
Crypto play SI stock already earn the highest-possible 99 Composite Rating. So does Endeavor, which traces its roots back to 1898 with the William Morris Agency and was just profiled in The New America.
DDOG stock comes in just behind with a 97 Composite Rating, meaning it’s outpacing 97% of all stocks in terms of key stock-picking traits.
IPOs On Leading Stock Lists
Regularly checking IBD stock lists is a good way to stay on top of promising IPOs, as well other leading growth stocks.
The IPO Leaders screen currently features SiTime, Hayward, Olaplex, Driven Brands (DRVN), Argo Blockchain and Datadog, among others.
In addition to IPO Leaders, DDOG stock is also on the IBD 50 list of top growth stocks.
While newer IPOs, such as Argo Blockchain and Olaplex, can be volatile, Endeavor is one of several top IPOs setting up new chart patterns and potential breakouts.
Top IPOs, Crypto Stocks Expecting Over 50% EPS Growth In 2021
| Company | Symbol | EPS Est Cur Yr % | Comp Rating | RS Rating | EPS Rating | SMR Rating |
|---|---|---|---|---|---|---|
| Argo Blockchain plc Ads | ARBK | 2964 | 90 | 68 | 67 | A |
| Endeavor Group Hldg Cl A | EDR | 650 | 99 | 66 | 97 | B |
| ZIM Integ Shipping Svcs | ZIM | 602 | 98 | 99 | 84 | A |
| Sitime Corporation | SITM | 520 | 99 | 99 | 71 | A |
| Hayward Holdings Inc | HAYW | 484 | 94 | 87 | 67 | B |
| Core & Main Inc Cl A | CNM | 438 | 90 | 70 | 64 | C |
| Driven Brands Hldgs Inc | DRVN | 240 | 90 | 66 | 93 | B |
| Agiliti Inc | AGTI | 236 | 81 | 85 | 68 | B |
| P10 Inc Cl A | PX | 150 | 94 | 77 | 98 | A |
| Ryan Specialty Grp Cl A | RYAN | 142 | 82 | 92 | 62 | |
| G F L Environmental Inc | GFL | 141 | 94 | 89 | 65 | C |
| Telus International Inc | TIXT | 119 | 96 | 70 | 97 | A |
| Silvergate Cap Corp Cl A | SI | 109 | 99 | 99 | 99 | A |
| Olaplex Holdings Inc | OLPX | 95 | 80 | 66 | 64 | A |
| Broadstone Net Lease Inc | BNL | 91 | 88 | 82 | 88 | C |
| InMode Ltd | INMD | 83 | 97 | 99 | 99 | A |
| Allegro Microsystems Inc | ALGM | 77 | 87 | 79 | 67 | A |
| Datadog Inc Cl A | DDOG | 77 | 97 | 97 | 66 | A |
-Read original story on Investor’s Business Daily