Several growth stocks recently beat earnings expectations, showcasing their resilience in an uncertain macro environment. The Federal Reserve’s interest rate cuts are expected to provide relief and boost prospects for these companies.
In a comparison using TipRanks’ Stock Comparison Tool, Palantir Technologies (PLTR), Monday.com (MNDY), and SoFi Technologies (SOFI) were analyzed by analysts. Among the three, Palantir Technologies stood out with its impressive Q3 results, driven by artificial intelligence-led demand.
The company’s revenue grew 30% to $725.5 million in Q3, with a significant acceleration in its U.S. government business and top-line growth of 54%. PLTR shares have rallied 283% this year, but analysts remain divided on the stock’s prospects.
On the other hand, Monday.com reported better-than-expected Q3 results, raising its full-year guidance. The company’s revenue grew 33%, with adjusted EPS also rising 33%. Analysts see an upside potential of 24% for MNDY stock, given its strong Buy consensus rating and $325.67 average price target.
SoFi Technologies delivered stellar Q3 results, with revenue rising 30% year-over-year to $697 million. The company’s strategy to shift towards capital-light, fee-based revenue streams is delivering desired results. However, analysts remain cautious due to uncertainties regarding partner depth, pricing, and durability of the loan platform strategy.
Monday.com stands out as a top pick among growth stocks, according to TipRanks’ Smart Score System, with an average price target of $325.67 and 16 Buys versus four Holds. The stock’s strong Buy consensus rating and robust growth make it an attractive option for long-term investors.
Source: https://www.tipranks.com/news/article/pltr-mndy-or-sofi-which-growth-stock-is-the-most-attractive-pick