In this article, we will look at the 10 Fastest Growing S&P 500 Stocks to Buy Now.
Fast-growing S&P 500 stocks are getting more attention as investors look for companies where revenue and earnings are still expanding faster than the broader market. BlackRock says “earnings are broadening beyond a highly concentrated group of mega-cap technology names tied to AI,” adding that this expansion gives investors “greater choice for sourcing growth” and creates an opportunity for stock selection. In summary, the fastest growers inside the S&P 500 may no longer be limited to the same small group of market leaders.
The earnings backdrop also supports that shift. J.P. Morgan Asset Management says S&P 500 profits are expected to grow “12.6% in Q1,” marking the “6th consecutive quarter of double-digit earnings growth,” while “companies are issuing positive guidance above both 5- and 10-year averages.” Capital Group adds that investors can still “Tap into dynamic growth potential,” especially where stock prices are backed by “solid earnings growth” and companies “generate strong free cash flow.” Fast growth looks more durable when it is showing up not only in sales, but also in margins, guidance, and cash generation.
Against this backdrop, the fastest-growing S&P 500 stocks deserve a closer look. The more interesting names are those where revenue growth is still strong, earnings are improving, and analysts see enough momentum for the trend to continue. With that in mind, let’s take a look at the 10 Fastest Growing S&P 500 Stocks to Buy Now.
Our Methodology
We used the Finviz screener to identify S&P 500 stocks that are forecasted to grow their earnings by over 30% annually in the next 5 years. We then limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also popular among analysts and elite hedge funds.
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 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
10. Coherent Corp. (NYSE:COHR)
On May 13, 2026, BofA raised the firm’s price target on Coherent Corp. (NYSE:COHR) to $400 from $365 while maintaining a Neutral rating on the shares. The firm updated its 2030 AI data center systems total addressable market estimate to approximately $1.7T from $1.4T previously, saying 2026 should remain a year of accelerating AI-related sales and returns on investment, while 2027 could benefit from improving token economics and efficiency as next-generation compute and memory architectures ramp.
Meanwhile, TD Cowen analyst Sean O’Loughlin raised the firm’s price target on Coherent Corp. (NYSE:COHR) to $395 from $340 while maintaining a Buy rating on the shares. The firm said the company’s largely in-line quarterly results and guidance may have initially disappointed investors, though management’s confident commentary around its 6-inch production ramp should reinforce expectations for a meaningful inflection in datacenter and communications revenue in fiscal 2027.
On May 6, 2026, Coherent Corp. (NYSE:COHR) reported Q3 EPS of $1.41, versus the consensus estimate of $1.39. Revenue totaled $1.81B, versus the consensus estimate of $1.78B. CEO Jim Anderson said the company delivered another quarter of accelerating revenue growth, expanding margins, and improving profitability, driven primarily by strong demand across its datacenter and communications businesses. Anderson added that Coherent is rapidly expanding manufacturing capacity to meet growing AI infrastructure demand and believes its photonics portfolio and manufacturing scale position the company well for a multi-year growth cycle.
Coherent Corp. (NYSE:COHR) develops, manufactures, and markets engineered materials, optoelectronic components, devices, and laser systems for industrial, communications, electronics, and instrumentation markets worldwide.
9. CoStar Group, Inc. (NASDAQ:CSGP)
On May 14, 2026, CoStar Group, Inc. (NASDAQ:CSGP)’s Apartments.com released its inaugural Apartments.com RentPulse Index, a new quarterly index designed to track the financial and behavioral health of renters across the United States. Unlike traditional rental reports focused primarily on pricing trends, the RentPulse Index combines proprietary Apartments.com and CoStar Group data to measure factors such as affordability pressure, renter behavior, concessions, supply conditions, and demand trends. The first quarter 2026 report highlighted an increasingly bifurcated rental market, with renters in supply-heavy Sun Belt markets benefiting from falling rents and elevated concessions, while renters in constrained coastal and Northeastern markets continue facing rising costs and affordability challenges.
Earlier in May, Stephens lowered the firm’s price target on CoStar Group to $42 from $50 while maintaining an Overweight rating on the shares. The firm said it remains constructive on CoStar’s self-reinforcing platform model but noted investor frustration surrounding slower bookings growth despite the company’s sizable organic and inorganic investments.
CoStar Group, Inc. (NASDAQ:CSGP) provides information, analytics, and online marketplace services to the real estate industry across the United States and international markets.
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