🎉6 high-growth stocks finally turned to profitability: OKTA, DASH, RELY & More
Hi Tigers! Below metrics mentioned below are explained here! CAGR = Growth potential. 2020 Net Margin = Past profitability snapshot. LTM Net Margin = Current profitability trend. Together, they tell the story of growth + profitability evolution, which is critical for evaluating performance.
1. $Okta Inc.(OKTA)$
Core Business & Latest Business Developments: Okta provides identity and access management solutions, helping organizations secure access to applications and data while enabling remote work. It has introduced new Workforce Identity Cloud capabilities, including Secure SaaS Service Accounts and Governance Analyzer, to address unmanaged SaaS accounts and improve governance decisions.
Analyst Target Price Expectations: Morgan Stanley upgraded Okta from “Equal Weight” to “Overweight” with a price target increase from $92 to $97.
5yr Revenue CAGR: +33%
2020 Net Margin: -31%
LTM Net Margin: 5%
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2. $DoorDash, Inc.(DASH)$
Core Business & Latest Business Developments: DoorDash is a leading food delivery platform connecting consumers with local restaurants and businesses. It has been expanding its AI and robotics initiatives and is set to acquire SevenRooms and Deliveroo to enhance its services.
Analyst Target Price Expectations: Analysts have a “Buy” consensus rating on DoorDash, with an average price target of $285. The highest price target is $315, and the lowest is $250.
5yr Revenue CAGR: +50%
2020 Net Margin: -16%
LTM Net Margin: 7%
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3. $Remitly Global, Inc.(RELY)$
Core Business & Latest Business Developments: Remitly is a digital remittance company enabling users to send money internationally through its platform. It has been expanding its product offerings with innovations like Remitly One, Remitly Business, and exploring stablecoin enablement for faster and cheaper transfers.
Analyst Target Price Expectations: Analysts have a positive outlook on Remitly, with price targets ranging from $27 to $32. KeyBanc Capital Markets set a target of $28, JMP Securities at $32, Barclays at $27, and BMO Capital Markets at $32.
5yr Revenue CAGR: +47%
2020 Net Margin: -13%
LTM Net Margin: 1%
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4. $Toast, Inc.(TOST)$
Core Business & Latest Business Developments: Toast provides cloud-based technology and financial solutions for the restaurant and retail industries. It has been expanding its footprint in the restaurant industry with a focus on streamlining operations and enhancing customer engagement.
Analyst Target Price Expectations: Analysts have a “Buy” consensus rating on Toast, with an average price target of $70. The highest price target is $80, and the lowest is $60.
5yr Revenue CAGR: +53%
2020 Net Margin: -30%
LTM Net Margin: 4%
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5. $Nutanix Inc.(NTNX)$
Core Business & Latest Business Developments: Nutanix offers cloud computing and infrastructure solutions, helping organizations transition to hybrid and multi-cloud environments. It continues to focus on innovation in hyper-converged infrastructure and cloud management. Recent highlights include the company reporting solid third-quarter results for fiscal 2025, with 18% year-over-year growth in annual recurring revenue (ARR) and strong free cash flow generation.
Analyst Target Price Expectations: Analysts have a “Buy” consensus rating on Nutanix, with an average price target of $120. The highest price target is $130, and the lowest is $110.
5yr Revenue CAGR: +14%
2020 Net Margin: -75%
LTM Net Margin: 1%
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6. $TransMedics Group, Inc.(TMDX)$
Core Business & Latest Business Developments: TransMedics is a medical technology company focused on developing and commercializing products for organ preservation and transplantation. Its flagship product, the Organ Care System (OCS), helps maintain organs in a physiological state outside the body.
Analyst Target Price Expectations: Analysts have a “Buy” consensus rating on TransMedics, with an average price target of $142.29. The highest price target is $146.00, and the lowest is $103.00. 5yr Revenue CAGR: +85%
2020 Net Margin: -112%
LTM Net Margin: 13%
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