Even though the Nasdaq and S&P 500 are hitting record highs, a lot of that growth is coming from just a few big tech and communication companies. When you take those out of the picture, earnings across the rest of the market are barely up at all, less than 1%, and revenue growth is only about 3%, which is basically in line with overall economic growth. As Peter Boockvar from BFG Wealth Partners pointed out in an interview with CNBC, this means the rally may not be as strong as it seems on the surface.
On top of that, inflation is still hanging around, and tariffs could start having a bigger impact in the second half of the year. This could lead to slower growth, making it harder for most companies to grow their earnings. But that doesn’t mean there aren’t still good opportunities out there.
In fact, outside of tech, there are still plenty of high-growth companies that analysts like, especially in areas like finance, energy, industrials, and consumer goods. These are businesses that are growing steadily, keeping costs under control, or taking advantage of long-term trends. Here are 10 high growth stocks outside tech analysts are bullish on, even in today’s tricky market.
A wide angle shot of a mixed-use property with office buildings, retail stores, and restaurants, capturing the diverse leasable area of the company.
Our Methodology
To arrive at 10 high growth stocks outsie tech analysts are bullish on, we used Finviz to weed out the tech stocks. Additionally, we only included stocks that have grown revenues at least 25% on a CAGR basis over the last five years. We also made sure the stocks have a minimum 20% average analyst upside. Finally we sorted the list in ascending order of analyst upside. We have also included the hedge fund sentiment around each stock as of Q1 2025.
Note: All data was recorded on July 29, 2025.
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 High Growth Stocks Outside Tech Analysts Are Bullish On
10. Western Alliance Bancorporation (NYSE:WAL)
5-Year Revenue CAGR: 31.59%
Average Analyst Upside: 20.06%
Number of Hedge Fund Holders: 24
Western Alliance Bancorporation (NYSE:WAL) is one of the high growth stocks outside tech analysts are bullish on. Western Alliance Bancorporation (NYSE:WAL) received a price target boost from DA Davidson on July 21, which raised its estimate from $90 to $98 while maintaining a Buy rating on the stock. At the current market price of $80.60, this suggests an upside potential of roughly 21.6%.
The firm’s latest upside report was somewhat muted by investor concerns around a rise in “other real estate owned” (OREO) assets, typically properties that have been repossessed by the bank. Although management has expressed confidence in resolving these assets without incurring losses, the optics have raised some caution in the market. Additionally, the bank announced that long-time CFO Dale Gibbons will transition to the role of Chief Banking Officer in January 2026, a move that may prompt questions around succession and continuity.
Despite these developments, DA Davidson’s bullish stance suggests confidence in the bank’s fundamentals and its ability to manage both operational and real estate risks effectively.
Western Alliance is a regional bank that provides a wide range of lending, deposit, and treasury services, primarily catering to commercial clients. It’s known for its strong presence in real estate lending and specialty financial services.
9. DraftKings Inc. (NASDAQ:DKNG)
5-Year Revenue CAGR: 71.28%
Average Analyst Upside: 22.06%
Number of Hedge Fund Holders: 70
DraftKings Inc. (NASDAQ:DKNG) is one of the high growth stocks outside tech analysts are bullish on. On July 25, Susquehanna analyst Joseph Stauff raised the price target on DraftKings Inc. (NASDAQ:DKNG) to $60, up from $52, while maintaining a Positive rating. Based on the current market price of $43.80, this implies an upside potential of about 37%.
The firm adjusted its estimates for Q2 and the years 2025 through 2027, factoring in several key developments. These include higher tax expectations, updated second-quarter trends, timing for state launches, and the impact of Jackpocket, a digital lottery platform recently acquired by DraftKings. These adjustments reflect stronger-than-expected performance and better clarity on market expansion.
The online gambling sector had a cloud hanging over it for much of the first half of 2025 due to regulatory concerns. This started when governors in Maryland and Ohio proposed doubling online sports betting (OSB) tax rates, which created uncertainty across the industry. Despite this, DraftKings appears well-positioned to weather these changes and continue growing.
DraftKings is a leading digital sports entertainment and gaming company. It operates online sports betting, iGaming, and daily fantasy sports platforms across multiple U.S. states, offering fans a wide range of interactive gaming experiences.
