Top Growth Stocks to Consider Purchasing on November 28
Top Stock Picks: Three stocks with strong growth characteristics and Zacks Rank #1 are highlighted: The Allstate Corporation (ALL), Great Lakes Dredge & Dock Corporation (GLDD), and Alarm.com Holdings, Inc. (ALRM), all showing significant earnings estimate increases over the past 60 days.
Allstate Corporation: This insurance company has a PEG ratio of 0.41 and a Growth Score of B, with a nearly 27% increase in current year earnings estimates.
Great Lakes Dredge & Dock Corporation: This dredging services company has a PEG ratio of 0.96 and a Growth Score of A, with a 7.8% increase in current year earnings estimates.
Quantum Computing Insights: The article discusses the rapid advancement of quantum computing, with major tech companies integrating it into their infrastructure, and highlights a report by Kevin Cook on stocks poised to lead in this emerging field.
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Great Lakes Dredge & Dock (GLDD) Initiated at Overweight by J.P. Morgan with $20 Price Target
- Positive Market Outlook: J.P. Morgan initiated coverage on Great Lakes Dredge & Dock (GLDD) with an Overweight rating and a $20 year-end price target, indicating the company is entering a multi-year upcycle driven by record government infrastructure spending, which is expected to significantly boost stock prices.
- Strong Backlog: The company boasts a backlog exceeding $1 billion, providing strong revenue visibility into 2026, while transitioning towards higher-margin capital projects and disciplined cost management is set to enhance profitability further.
- Offshore Energy Expansion: Great Lakes' entry into offshore energy creates a new growth vertical, positioning the company to benefit from the global energy transition, with analysts expecting double-digit EPS growth ahead, reflecting an attractive risk/reward profile.
- Industry Leadership: J.P. Morgan analysts noted that as the company expands into marine services, robust market demand and operational momentum will support sustained revenue growth and margin expansion, further solidifying its leadership position in the industry.

JPMorgan Sees Upside for Orion Group with 40% Price Target Increase
- Positive Market Outlook: JPMorgan analysts predict that Orion Group and Great Lakes Dredge & Dock will benefit from increased U.S. infrastructure spending, achieving double-digit earnings growth in the coming years, with a year-end price target of $16 for Orion implying over 40% upside from Wednesday's close.
- Operational Strengths: Following a site visit to Orion's Tampa office and Clearwater Marina project, the analyst highlighted the company's operational strengths and culture, which are expected to support sustained revenue growth and margin expansion, with projected revenue growth of 6% year-over-year to $896 million by 2026.
- Market Share and Competitiveness: As the largest dredging contractor in the U.S. with a 35% market share, Great Lakes Dredge & Dock's $1 billion backlog and approximately $194 million in pending awards provide strong revenue visibility for future growth, with the analyst noting the company will benefit from port deepening, coastal protection, and climate resilience projects.
- Diversification Strategy: Orion's concrete segment serves as a strategic growth engine beyond marine infrastructure, allowing the company to capitalize on megatrends such as AI-driven digital infrastructure, thereby enhancing long-term earnings resilience and growth potential.






