Recently, the independent rating institution Zacks in USA released a report stating that stocks with the best growth potential can beat the market, and Lenovo Group(LNVGY) is an incredible growth stock, given a 'strongly recommended' rating.

Reasons are as follows:

Revenue growth exceeds industry average.

The soaring profit level is what most investors pursue. For growth investors, double-digit revenue growth is definitely the preferred option and usually an indicator of a company's stock price increase.

Although Lenovo Group's historical EPS growth rate is 15.6%, investors should actually pay attention to expected growth. The company's EPS is expected to grow by 54% this year, far exceeding the industry average of 30.7%.

Impressive asset utilization rate.

Asset utilization rate is often overlooked by investors, but it is an important indicator in growth investment. This indicator shows the efficiency of the company in using its assets to generate sales.

Currently, Lenovo Group's S/TA ratio is 1.46, which means that the company can generate $1.46 in sales revenue for every $1 it invests in production, making it more efficient than the industry average of 1.28.

In addition to the efficiency of generating sales, sales growth also plays an important role. Lenovo Group is also in a favorable position in terms of sales growth. The company's sales is expected to grow by 8.2% this year, while the industry average is only 0.1%.

Projected earnings are revised upward.

In addition to the above indicators, investors should also consider the trend of earnings forecast revisions, which is a bonus for positive trends. Research shows that there is a strong correlation between the trend in earnings forecast revisions and recent stock price trends. Lenovo Group's earnings forecast for this year has been revised upward. In the past month, the comprehensive forecast for this year's estimate by Zacks has soared by 3.3%.

In summary, Lenovo Group (LNVGY) is an incredible growth stock, given a 'strongly recommended' rating.