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.
8. Healthpeak Properties, Inc. (NYSE:DOC)
On May 13, 2026, Baird analyst Wesley Golladay raised the firm’s price target on Healthpeak Properties, Inc. (NYSE:DOC) to $21 from $19 while maintaining an Outperform rating on the shares. The firm updated its model following the company’s Q1 results and improved outlook.
Meanwhile, Evercore ISI downgraded Healthpeak Properties, Inc. (NYSE:DOC) to In Line from Outperform and raised its price target to $21 from $20. The firm noted that while the quarter was complicated by the IPO of Janus Living, Healthpeak modestly increased its FY26 FFO guidance. Evercore added that the Q1 update drove a strong valuation rerating, leaving less upside potential in the shares following the recent move higher.
Earlier in May, Healthpeak Properties, Inc. (NYSE:DOC) reported net income of $0.28 per share, Nareit FFO of $0.42 per share, and FFO as Adjusted of $0.45 per share. The company also updated its FY26 guidance ranges, raising diluted earnings per common share guidance to $0.46-$0.50 from $0.34-$0.38 previously. Healthpeak also revised diluted Nareit FFO guidance to $1.68-$1.72 from $1.70-$1.74 and increased diluted FFO as Adjusted guidance to $1.71-$1.75 from $1.70-$1.74. The company reaffirmed its FY26 Total Same-Store Cash Adjusted NOI growth outlook of negative 1.0% to positive 1.0%.
Healthpeak Properties, Inc. (NYSE:DOC) is an S&P 500 real estate investment trust focused on owning, operating, and developing healthcare-related properties across the United States.
7. Corning Incorporated (NYSE:GLW)
On May 12, 2026, Mizuho raised the firm’s price target on Corning Incorporated (NYSE:GLW) to $220 from $190 while maintaining an Outperform rating on the shares.
On May 7, 2026, Oppenheimer also raised the firm’s price target on Corning Incorporated (NYSE:GLW) to $210 from $120 and maintained an Outperform rating following the company’s investor day on May 6. The firm said it came away encouraged by Corning’s updated Springboard plan and its long-term AI optical infrastructure growth framework, including the introduction of its photonic MAP platform. Management outlined plans targeting annualized sales of $27B by year-end 2028 and $35B by year-end 2030, with internal targets reaching as high as $30B and $40B, respectively.
Citi also raised the firm’s price target on Corning Incorporated (NYSE:GLW) to $225 from $175 while maintaining a Buy rating on the shares. The firm pointed to Corning’s plans to increase optical connectivity manufacturing capacity by 10-times and expand U.S. fiber production capacity by more than 50% to address accelerating AI infrastructure demand.
Corning Incorporated (NYSE:GLW) operates businesses spanning optical communications, display technologies, specialty materials, automotive, and life sciences markets globally.
6. Broadcom Inc. (NASDAQ:AVGO)
On May 14, 2026, Wells Fargo raised the firm’s price target on Broadcom Inc. (NASDAQ:AVGO) to $545 from $430 while maintaining an Overweight rating on the shares. The firm raised its fiscal 2027 and fiscal 2028 revenue estimates by 22% and 19%, respectively, while also increasing EPS forecasts by 28% and 23% relative to consensus expectations. Wells Fargo said its updated analysis suggests Broadcom’s AI semiconductor revenue opportunity could be running 30%-40% above prior assumptions.
Citi analyst Atif Malik also raised the firm’s price target on Broadcom Inc. (NASDAQ:AVGO) to $500 from $475 while maintaining a Buy rating on the shares ahead of earnings. Citi said stronger AI demand should help Broadcom deliver April quarter results modestly above expectations and cited improving earnings visibility for the target increase.
On May 8, 2026, reports indicated that Apollo Global Management and Blackstone were among private credit firms involved in discussions with Broadcom regarding a potential $35B financing package tied to the company’s AI infrastructure expansion efforts. According to the report, the financing would support Broadcom’s development of AI-focused semiconductor products and could rank among the largest private credit deals completed to date.
Broadcom Inc. (NASDAQ:AVGO) designs, develops, and supplies semiconductor devices and infrastructure software solutions globally.
While we acknowledge the potential of AVGO to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AVGO and that has 100x upside potential, check out our report about the cheapest AI stock.
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