Fastest-Growing IPOs: Upstart, Crypto Stocks Expect Over 100% Growth In 2021

investors2021-10-29

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? In addition to Upstart (UPST) and BioNTech (BNTX), cryptocurrency plays Coinbase Global (COIN) and Silvergate Capital (SI) are among 12 IPOs that have debuted since 2019 and expect at least 100% earnings growth in 2021 or their current fiscal year.

Progyny(PGNY),DLocal(DLO),ZIM Integrated Shipping Services(ZIM),Hayward(HAYW), and Dutch Bros Coffee(BROS) also make the cut.

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 400,000+ shares per day on average
  • Expect 100% or higher EPS growth in 2021.
  • Have sales growth above 25% last quarter.
  • Earn a Composite Rating 80 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. 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.

UPST stock and Silvergate Capital, however, already earn the highest-possible 99Composite Rating.Coinbase stockearns a score of 97.

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 $13 billion in loans with 71% fully automated.

In addition to the Alphabet(GOOGL) pedigree, UPST stock is boosted by analyst estimates of 871% 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.

Upstart'sindustry group ranks an impressive No. 4 out of the 197 groups IBD tracks.

IPOs On Leading Stock Lists

Regularly checking IBDstock lists is a good way to stay on top of promising IPOs, as well other leading growth stocks. The IPO Leadersscreen currently features Progyny, Dutch Bros, and Ryan Specialty Group.

UPST stock, Dutch Bros Coffee and Progynyare also on the IBD 50. list of top growth stocks. Upstart also earns a spot on the IBD Big Cap 20.

In a sign of stock market leadership, the relative strength lines for Dutch Bros and cryptocurrency stock Coinbase have been rising. As its RS line rises, Dutch Bros has brewed its own IPO base breakout.

Top IPOs, Crypto Stocks Expecting Over 100% EPS Growth In 2021

Company Symbol EPS Est Cur Yr % Comp Rating EPS Rating RS Rating SMR Rating
Biontech Se Ads BNTX 25360 86 66 97 C
Upstart Holdings Inc UPST 871 99 66 99 A
Coinbase Global Inc Cl A COIN 655 97 74 60 A
ZIM Integ Shipping Svcs ZIM 630 99 71 99 A
Hayward Holdings Inc HAYW 532 86 66 71 B
Endeavor Group Hldg Cl A EDR 517 88 94 54 B
Dutch Bros Inc Cl A BROS 425 82 37 98 C
Maravai Lifesciences ClA MRVI 396 83 66 75 A
Ryan Specialty Grp Cl A RYAN 203 85 65 86
Progyny Inc PGNY 176 90 66 91 A
Dlocal Limited Cl A DLO 160 88 66 88 A
Silvergate Cap Corp Cl A SI 111 99 99 99 A
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