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Top Ranked Growth Stocks to Buy for June 1st

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Here are four stocks with buy ranks and strong growth characteristics for investors to consider today, June 1st:

Perdoceo Education Corporation (PRDO - Free Report) : This operator of colleges, institutions and universities, which carries a Zacks Rank #1 (Strong Buy), has witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.1% over the last 60 days.

Perdoceo Education has a PEG ratio of 0.72 compared with 3.15 for the industry. The company possesses a Growth Score of A.

Acacia Communications, Inc. (ACIA - Free Report) : This developer of high-speed coherent optical interconnect products, which carries a Zacks Rank #1, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 18.7% over the last 60 days.

Acacia Communications has a PEG ratio of 0.93, compared with 1.73 for the industry. The company possesses a Growth Score of B.

PTC Inc. (PTC - Free Report) : This software and services company, which carries a Zacks Rank #2 (Buy), has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.9% over the last 60 days.

PTC Inc. Price and Consensus

PTC Inc. Price and Consensus

PTC Inc. price-consensus-chart | PTC Inc. Quote

PTC has a PEG ratio of 1.02, compared with 2.80 for the industry. The company possesses a Growth Score of B.

PTC Inc. PEG Ratio (TTM)

PTC Inc. PEG Ratio (TTM)

PTC Inc. peg-ratio-ttm | PTC Inc. Quote

Universal Technical Institute, Inc. (UTI - Free Report) : This provider of postsecondary education, which carries a Zacks Rank #2, has witnessed the Zacks Consensus Estimate for its current year earnings increasing more than 100% over the last 60 days.

Universal Technical Institute has a PEG ratio of 1.41, compared with 3.15 for the industry. The company possesses a Growth Score of A.

See the full list of top ranked stocks here.

Learn more about the Growth score and how it is calculated here.

Zacks’ Single Best Pick to Double

From thousands of stocks, 5 Zacks experts each picked their favorite to gain +100% or more in months to come. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.

This young company’s gigantic growth was hidden by low-volume trading, then cut short by the coronavirus. But its digital products stand out in a region where the internet economy has tripled since 2015 and looks to triple again by 2025.

Its stock price is already starting to resume its upward arc. The sky’s the limit! And the earlier you get in, the greater your potential gain.

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