10 Undervalued growth stocks

Here’s the new list of Value Sense’s top underpriced analyst growth picks to buy for the third quarter of 2024.

10 Undervalued Growth Stocks to Buy for Q3 2024

Based on intrinsic value, where we calculated DCF value and relative value, if you want to check how much stocks are undervalued and see the exact intrinsic value and fundamentals, visit Value Sense. There, you can also find curated watchlists of undervalued dividend stocks, growth stocks, and more.

Novo Nordisk A/S (NVO)

Revenue growth - 31.3%
Net income growth - 50.7%

Bruker Corporation (BRKR)

Revenue growth - 17.1%
Net income growth - 44.0%

Block, Inc. (SQ)

Revenue growth - 25.0%
Net income growth - 101.81%

Trip.com (TCOM)

Revenue growth - 122.1%
Net income growth - 407.8%

Lululemon Athletica Inc. (LULU)

Revenue growth - 18.6%
Net income growth - 81.4%

AppLovin Corporation (APP)

Revenue growth - 16.5%
Net income growth - 4014.96%

Splunk Inc. (SPLK)

Revenue growth - 15.4%
Net income growth - 79.25%

Super Micro Computer, Inc. (SMCI)

Revenue growth - 109.8%
Net income growth - 88.8%

Robinhood Markets, Inc. (HOOD)

Revenue growth - 37.3%
Net income growth - 47.37%

Dayforce Inc. (CDAY)

Revenue growth - 21.5%
Net income growth - -174,66%

How to Find Undervalued Stocks to Buy

Undervalued stocks are those trading below their intrinsic worth. To assess a stock's value, investors often use various metrics. Common methods include evaluating the price-to-earnings ratio or price-to-cash flow ratio. Others might consider a stock's price relative to future growth prospects or its position compared to the 52-week high.

At Value Sense, we define undervalued stocks as those trading below our calculated intrinsic value, which includes both Discounted Cash Flow (DCF) analysis and Relative Value.