10 Best Fast Growth Stocks to Buy Now

In this article, we will take a look at the 10 Best Fast Growth Stocks to Buy Now.

The ongoing bull run on Wall Street propelled global share markets to a new high on September 18, while the U.S. currency strengthened vs major peers on reports that fewer Americans applied for jobless benefits. On September 17, the Fed lowered interest rates by 25 basis points while its closely followed “dot plot” indicated that it would lower rates twice during the remaining two meetings this year, but only once more in 2026.

Speaking on the rate cuts, Sam Stovall, chief investment strategist at CFRA Research, said the following:

“We are looking for support for economic growth and justification of stretched valuations, and the prospect of lower interest rates helps that.”

Meanwhile, Fawad Razaqzada of City Index and Forex.com states that investors are eager to purchase on every downturn, owing to the enthusiasm generated by AI and repeatedly positive earnings reports from leading tech companies. However, there is concern that once acceleration in the IT sector slows, the remainder of the market would struggle to maintain current valuation levels.

He emphasized that a more cautious approach to future prospects for S&P 500 companies is necessary given that this would make the current advance vulnerable when investor confidence falters.

Our Methodology

For this list, we utilized screeners to identify stocks with a quarterly revenue growth rate of at least 25%, thus indicating solid growth. In addition, we ranked these stocks based on the number of hedge funds invested in each of them, shedding light on growth stocks favored by market elites.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).

10. AeroVironment, Inc. (NASDAQ:AVAV)

Quarterly Revenue Growth: 139.96%

Number of Hedge Fund Holders: 31

AeroVironment, Inc. (NASDAQ:AVAV) ranks among the best fast growth stocks to buy now. Following the company’s first-quarter results, which revealed better-than-expected sales growth, Stifel maintained its Buy rating and $295 price target on AeroVironment, Inc. (NASDAQ:AVAV) on September 10.

The drone manufacturer reiterated its fiscal year projection for both sales and EBITDA and recorded a 16% organic sales growth in the quarter, exceeding the expectations of the market. Moreover, Stifel does not consider AeroVironment’s continued delay in turning its $3.1 billion unpaid backlog into funded contracts to be a serious concern.

Considering that AeroVironment, Inc. (NASDAQ:AVAV) is now pursuing more than 20 separate programs with potential worth surpassing $20 billion over the next five years, Stifel expects funding will eventually follow government priorities and the spike in backlog.

AeroVironment, Inc. (NASDAQ:AVAV) is a company that designs, develops, manufactures, delivers, and supports a range of robotic systems and associated services for businesses and government organizations both domestically and abroad.