Entering the last quarter of the year, what are the best IPO stocks to buy and watch in 2021? Led by BioNTech(BNTX),Upstart(UPST) and TaskUs(TASK), here's a look at 10 IPOs that have debuted since 2019 and expect between 30% and up to a whopping 25,478% earnings growth this year.
InMode(INMD),Avantor(AVTR),Doximity(DOCS), and Zoominfo Technologies(ZI) also made the cut.
Built using MarketSmith, the screen filters the entire IBD database identifying only those companies that meet the criteria listed below.
UPST stock, TASK stock and all theIPO stockson this screen must:
- Have gone public since 2019.
- Trade 400,000+ shares per day on average
- Expect 25% or higher EPS growth in 2021.
- Have sales growth above 25% last quarter.
- Earn a Composite Rating 95 or higher.
Stock Checkuprequires 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. The IPO stocks featured here have met that high bar for both fundamental and technical performance.
Take UPST stock for example. Founded in 2020 by former employees Google, Upstart leverages cloud=basedartificial intelligence (AI)to streamline affordable consumer credit while reducing the risks and costs of lending for its bank partners. The San Mateo Calif.-based company has already originated over $9 billion in loans with more than two-thirds fully automated.
In addition to theAlphabet(GOOGL) pedigree, UPST stock is boosted by analyst estimates of 900% earnings growth for the full year. The leading cloud computing and AI stock has also generated average annual sales growth of 70% over the last three years.
Another IPO to watch is TaskUs, which has quickly emerged as a leading Business Process Outsourcing (BPO) company. Like Upstart, TaskUs has key stock-picking traits, including the highest-possible 99Composite Rating.
IPOs On Leading Stock Lists
TASK stock and UPST stock are both on theIBD 50, while TaskUs also earns a spot onIBD Sector Leaders.
Several other top IPOs are also on IBD stock lists. In Mode, Avantor, Doximity, and ZI stock join Upstart and TaskUs on the IBD 50.
Upstart, InMode, Avantor, Doximity,Revolve(RVLV) and ZIM Integrated Shipping Services(ZIM) all make the grade for the IPO Leaders screen.
Top IPO Stocks Expecting 30% To 25,478% EPS Growth In 2021
| Company | Symbol | EPS Est Cur Yr % | Comp Rating | EPS Rating | RS Rating | SMR Rating |
|---|---|---|---|---|---|---|
| Biontech Se Ads | BNTX | 25478 | 95 | 65 | 99 | C |
| Upstart Holdings Inc | UPST | 900 | 99 | 65 | 99 | A |
| ZIM Integ Shipping Svcs | ZIM | 619 | 99 | 70 | 99 | A |
| Dlocal Limited Cl A | DLO | 150 | 98 | 65 | 97 | A |
| Taskus Inc Class A | TASK | 68 | 99 | 98 | 97 | A |
| InMode Ltd | INMD | 55 | 99 | 99 | 98 | A |
| Avantor Inc | AVTR | 53 | 99 | 97 | 93 | A |
| Zoominfo Techs Cl A | ZI | 46 | 98 | 65 | 94 | A |
| Doximity Inc Class A | DOCS | 38 | 97 | 65 | 96 | A |
| Revolve Group Inc Cl A | RVLV | 30 | 95 | 98 | 97 | A |