BRP (DOO): 2 Catalysts to Catapult THIS Stock

BRP Inc. (DOO) is already an exciting growth stock thanks to the popularity of their powersport products like Sea-Doo watercraft (jet skis), Ski-Doo snowmobiles and Alumacraft boats.

Wall Street analysts predict strong 19% earnings growth this year over last. And that is expected to accelerate to 28% growth next year. 

That is plenty of reason enough to be attracted to shares. Gladly there are 2 more catalysts to consider that should propel shares even higher. 

These catalysts will be unleashed once the war with Iran is over (which seems to be fairly imminent). 

1. Lower oil prices to make it less expensive to use this powersport products
2. Lower interest rates as inflation subsides allowing the Fed to get back on their rate cutting path. This makes loans more affordable for attracting more people to purchase DOO products.  

Again, the company was already growing at a healthy clip without these items in place. This is just a “cherry on top” to make the investment all the more appealing. 

As always, we focus on stocks that score well with the Zen Ratings. Beyond their A rating overall they are also impressive in these categories: 

Top 22% Growth

Top 16% Financials

Top 15% AI Factor

Top 14% Value

Top 4% Sentiment

Top 1.5% Overall Rating

Right now the street high target price is $131 implying over 70% upside in the year ahead. 

However, given that they have averaged a 42% earnings beat the past 4 quarters…then more of the same in the quarters ahead would have earnings and fair value targets much higher. Like $150+. 

That makes it very attractive to purchase now under $80. Heck, we might even make enough on these shares to buy a Sea-Doo for ourselves ;-) 

What To Do Next?

BRP Inc. (DOO) is just one of 20 stellar stocks found in my Zen Investor portfolio.

Each of these 20 stocks was selected based on my stringent process that helps pinpoint those with 100%+ upside potential in the next 12 to 24 months.

Clearly this process is working given the +18.43% gain for the Zen Investor portfolio year to date even as the S&P 500 is still in the red. 

To learn more about my unique investment process…and how to get access to my current top 20 stocks…then just click the link below: 

Discover Zen Investor & Top 20 Stocks > 

Wishing you a world of investment success!

Steve Reitmeister…but everyone calls me Reity (pronounced “Righty”)

Editor of the Zen Investor

Want to get in touch? Email us at news@wallstreetzen.com.