TipRanks' 'Perfect 10' Picks: 2 Top-Scoring Stocks for the Rest of 2024

As the bulls charge into 2024, investors are on the hunt for stocks with strong growth potential and solid fundamentals. TipRanks, a leading financial analytics platform, has identified two 'Perfect 10' stocks that are primed for gains in the remainder of the year. These top-scoring stocks, NCR Voyix (VYX) and Primo Water Corporation (PRMW), have caught the attention of analysts and investors alike.
NCR Voyix (VYX) - A Digital Commerce PowerhouseNCR Voyix, a spin-off from NCR Corporation, has emerged as a leader in enterprise technology for various sectors, including banks, retailers, and telecom operators. The company's broad suite of comprehensive solutions, such as point-of-sale, digital transactions, and consumer engagement, positions it well for growth in the digital commerce landscape.
VYX's strong core business and blue-chip customer base have contributed to its 'Perfect 10' Smart Score rating. The company's financial performance is robust, with $2 billion in quarterly revenue and a 1.5% year-over-year increase. Analysts, such as Mayank Tandon from Needham, are bullish on VYX, rating it a Buy with a $22 price target, suggesting a 43% upside in the next 12 months.

Primo Water Corporation (PRMW) - A Pure-Play Provider of Water SolutionsPrimo Water Corporation, a pure-play provider of water solutions, has earned a 'Perfect 10' score from TipRanks. The company's focus on recurring revenue streams, driven by subscription-based water deliveries, reduces customer acquisition costs and ensures a steady revenue stream. This low-risk, high-growth opportunity is supported by a growing demand for clean, convenient, and sustainable hydration options.
PRMW's market position as a pure-play provider of water solutions presents a significant growth opportunity. The company's commitment to sustainability and environmental responsibility resonates with environmentally conscious consumers, driving demand and growth. With around half of its annual revenue generated from recurring sources, PRMW is well-positioned for long-term success.

Investing in 'Perfect 10' Stocks for the Rest of 2024As the market continues to gain momentum in 2024, investors should consider adding these 'Perfect 10' stocks to their portfolios. NCR Voyix (VYX) and Primo Water Corporation (PRMW) offer compelling growth prospects, solid fundamentals, and the support of analysts and investors alike. By focusing on undervalued opportunities with strong growth potential and low-risk business models, investors can position themselves for substantial returns in the remainder of the year.
In conclusion, TipRanks' 'Perfect 10' picks, NCR Voyix (VYX) and Primo Water Corporation (PRMW), present attractive investment opportunities for the rest of 2024. With their strong core businesses, blue-chip customer bases, and growth potential, these top-scoring stocks are well-positioned to deliver impressive gains in the coming months.