In this article, we will look at the 12 Cheap Growth Stocks to Get Rich.
Ed Yardeni, Yarden Research president, appeared on CNBC’s ‘Squawk Box’ on June 15 to talk about the latest market trends, SpaceX IPO, state of the economy, and more.
He had suggested that there could be potential for a June swoon on June 3rd, and on June 5th, the payroll employment came out a lot stronger than expected. This led everyone to conclude that the Fed would maybe move towards a tightening bias and raise interest rates sooner rather than later. However, he stated that now with the price of oil coming down with the SpaceX IPO having been done very, very well, maybe the June swoon is what happened in one day back on June 5th, when the market actually dropped by over 2.5%.
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Yardeni further talked about how he has been discussing the roaring 2020s since August 2020, and to him, it sure feels like the roaring 2020s are here. This marks the seventh, not the sixth, year of the roaring 2020s, according to him, and he has been talking about 10,000 by the end of the decade, by the end of 2029.
With these broader market trends in view, let’s look at the cheap growth stocks to get rich.
Our Methodology
We used the Finviz stock screener to identify the best growth stocks with a forward P/E below 15 and then selected the top 12 stocks most popular among hedge funds as of Q1 2026, using the hedge fund sentiment data from Insider Monkey’s database. The stocks are arranged in ascending order of hedge fund sentiment.
Note: All data was recorded on June 20.
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. Insider Monkey’s quarterly newsletter strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).
12 Cheap Growth Stocks to Get Rich
12. Ecopetrol S.A. (NYSE:EC)
Number of Hedge Fund Holders: 16
Ecopetrol S.A. (NYSE:EC) is one of the top cheap growth stocks to get rich. Ecopetrol S.A. (NYSE:EC) announced on June 16 that the S&P Global Ratings affirmed the company’s global credit rating at BB- with a stable outlook, along with the company’s Stand-Alone Credit Profile at bb+. Management stated that the credit rating highlights S&P’s assessment as of the date hereof and is subject to change at any time.
It further reported that with respect to its stand-alone rating, S&P noted the continued strengthening of Ecopetrol’s liquidity sources, while also highlighting that the company secured a committed credit facility of approximately USD190 million, has benefited from higher operating cash flows, and has refinanced its short-term debt maturities. Furthermore, according to S&P, Ecopetrol S.A. is anticipated to “maintain solid leverage metrics, with an adjusted net debt-to-EBITDA ratio close to 2.0x over the coming years, supported by a favorable price environment and no significant debt increases in the short term”.
Ecopetrol S.A. explores, develops, and produces crude oil and natural gas. Its operations are divided into the following segments: Exploration and Production, Transportation and Logistics, and Refining and Petrochemicals.
11. Credicorp Ltd. (NYSE:BAP)
Number of Hedge Fund Holders: 33
Credicorp Ltd. (NYSE:BAP) is one of the top cheap growth stocks to get rich. BofA lifted the price target on Credicorp Ltd. (NYSE:BAP) to $408 from $361 on June 15 and maintained a Buy rating on the shares. The firm stated that it is rolling over its valuation basis to 2027 and is remaining bullish on Peru banks.
In its financial results for fiscal Q1 2026, Credicorp Ltd. reported record high net income, which reached S/2,063 million, up 16.1% year-over-year and 30.0% quarter-over-quarter, attributed to solid results across all lines of business. ROE reached a record 21.1%, driven by broad-based business strength and favorable operating momentum. The company’s loan book rose 8.2% year-over-year, led by BCP and Mibanco, while asset quality improved with the NPL ratio at 4.3% and the Cost of Risk at 1.3%. Total loans measured in quarter-end balances rose 8.2% year-over-year, and 1.9% quarter-over-quarter, while total deposits expanded 13.3% year-over-year and 4.8% quarter-over-quarter.
Credicorp Ltd. is a holding company that provides financial services. The company conducts its operations through the following segments: Universal Banking, Microfinance, Insurance and Pensions, and Investment Banking and Wealth Management.
10. Edison International (NYSE:EIX)
Number of Hedge Fund Holders: 35
Edison International (NYSE:EIX) is one of the top cheap growth stocks to get rich. Truist cut the price target on Edison International (NYSE:EIX) to $79 from $82 on May 18 and maintained a Hold rating on the shares. The rating update came as part of a broader research note with the firm updating its models in Power and Utilities ahead of the American Gas Association’s Financial Forum. It told investors in a research note that, standing in year three of the data center wave, sector investment continues to march higher and growth expectations alongside this, with vertically integrated electric utilities seen as clear winners in building the infrastructure to serve this load growth.
Edison International also received a rating update from Morgan Stanley on May 21. The firm cut the price target on the stock to $64 from $70 and maintained an Underweight rating on the shares, telling investors that it updated its price targets for Regulated & Diversified Utilities / IPPs in North America for April. The firm also noted that utilities underperformed the S&P’s return that month.
Edison International is a renewable energy company that operates through its subsidiaries. It is involved in the supply and distribution of electric power, as well as investments in energy services and technologies.
9. Barclays PLC (NYSE:BCS)
Number of Hedge Fund Holders: 36
Barclays PLC (NYSE:BCS) is one of the top cheap growth stocks to get rich. JPMorgan lifted the price target on Barclays PLC (NYSE:BCS) to 600 GBp from 590 GBp on June 12 and maintained an Overweight rating on the shares. The rating update came the same day Barclays PLC announced that Barclays Bank UK PLC entered into an agreement to acquire GoHenry, operating through GoHenry Limited, from Acorns Grow Incorporated. It expects the completion of the transaction to occur in fiscal Q4 2026, subject to certain regulatory approvals and other conditions.
Management stated that GoHenry is one of the most recognised brands for youth banking in the UK youth banking segment, and currently serves more than half a million UK children.
Barclays PLC further reported that the transaction is anticipated to reduce its CET1 ratio by approximately 5bps upon completion, based on its CET1 ratio as at 31 March 2026, and that the transaction will not affect financial guidance or targets for Barclays Group or Barclays UK for 2026 or 2028.
Barclays PLC is a bank holding company that provides credit cards, retail banking, corporate and investment banking, and wealth management services. The company’s operations are divided into the following segments: Barclays United Kingdom (UK), Barclays United Kingdom (UK) Corporate Bank, Barclays Private Bank and Wealth Management, Barclays Investment Bank, Barclays United States (US) Consumer Bank, and Head Office.
8. Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)
Number of Hedge Fund Holders: 41
Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) is one of the top cheap growth stocks to get rich. Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) announced on June 19 that its Board of Directors approved the Final Investment Decision (FID) for the RPBC Biorefining project. It provides for the implementation of a dedicated plant to produce bio-jet fuel and renewable diesel at the Presidente Bernardes Refinery (RPBC), which is located in Cubatão (São Paulo state) and has an estimated investment of around US$ 1.2 billion.
The company further reported that with this approval, it will move towards the final phase of contracting and execution of agreements, and expects construction works to begin by the end of 2026. It added that the project is included in Petróleo Brasileiro’s Business Plan 2026–2030 and has been incorporated into the Base Implementation Portfolio after a consideration of financing conditions. Management stated that the plant will have a production capacity of up to 15,000 barrels per day of renewable fuels (biojet fuel and renewable diesel), and the start‑up is scheduled for 2030.
Petróleo Brasileiro S.A. – Petrobras is involved in exploration, production, and distribution activities involving oil and gas. The company’s operations are divided into the following segments: Exploration and Production; Refining, Transportation, and Marketing; and Gas and Low Carbon Energies.
7. Nutrien Ltd. (NYSE:NTR)
Number of Hedge Fund Holders: 43
Nutrien Ltd. (NYSE:NTR) is one of the top cheap growth stocks to get rich. Berenberg downgraded Nutrien Ltd. (NYSE:NTR) to Hold from Buy on June 10 and adjusted the price target on the stock to $65, up from $61. It told investors in a research note that the company is likely to deliver another year of solid earnings, supported by elevated fertilizer prices and a recovered retail business. However, it also added that the firm is concerned the consensus estimates “will continue to anchor on earnings levels that remain above mid-cycle.”
Berenberg contended that the debate is no longer whether fertilizer earnings will normalize, but rather where normalized earnings will ultimately settle. The firm stated that it sees an 8% downside to 2028 consensus EBITDA estimates on lower nitrogen and potash price assumptions.
Nutrien Ltd. also received a rating update from Scotiabank on May 11. The firm raised the price target on the stock to $80 from $75 and reiterated a Sector Perform rating on the shares, stating that it is warming up to the company despite the downside risk to N prices near-term, as well as regional challenges to grower economics.
Nutrien Ltd. is a crop nutrient company involved in the production and distribution of products for agricultural, industrial, and feed customers. Its operations are divided into the following segments: Retail, Potash, Nitrogen, and Phosphate.
6. Alamos Gold Inc. (NYSE:AGI)
Number of Hedge Fund Holders: 48
Alamos Gold Inc. (NYSE:AGI) is one of the top cheap growth stocks to get rich. BMO Capital cut the price target on Alamos Gold Inc. (NYSE:AGI) to C$73 from C$79 on June 19 and maintained an Outperform rating on the shares. The firm told investors in a research note that the company provided an operational update, noting that two seismic events occurred at Young-Davidson, with one at an active mining front. BMP believes that Alamos Gold Inc. now sees reduced mining rates throughout the remainder of 2026.
For reference, in its financial results for fiscal Q1 2026, Alamos Gold Inc. reported that it produced 123,900 ounces of gold in the quarter, in line with quarterly guidance, with solid results from the Island Gold District offsetting lower than planned production at Young-Davidson. The company expects production to increase in Q2, along with additional growth in H2 2026, putting Alamos Gold Inc. on track to attain full-year production guidance.
Management further reported that the company sold 121,924 ounces of gold at an average realized price of $4,829 per ounce, which generated record quarterly revenues of $596.7 million, including silver sales. This reflects a 79% growth from fiscal Q1 2025 and marks the fourth consecutive quarter of record revenues.
Alamos Gold Inc. is a Canadian-based intermediate gold producer. The company’s operations are divided into the following segments: Young-Davidson, Mulatos, and Island Gold, with the three segments representing its three operating mine sites.
5. Ulta Beauty, Inc. (NASDAQ:ULTA)
Number of Hedge Fund Holders: 56
Ulta Beauty, Inc. (NASDAQ:ULTA) is one of the top cheap growth stocks to get rich. Argus cut the price target on Ulta Beauty, Inc. (NASDAQ:ULTA) to $550 from $615 on June 18 and reiterated a Buy rating on the shares, stating that the stock’s shares have underperformed over the past quarter, falling 13%, compared to gains of 12% for the S&P 500 and 2% for the sector ETF IYC. However, the firm pointed out that although there have been concerns over consumer spending, Ulta customers continue to prove their commitment to beauty regimens.
Ulta Beauty, Inc. also received a rating update from Citi on June 4. The firm cut the price target on the stock to $560 from $600 and reiterated a Neutral rating on the shares, telling investors in a research note that the firm views the company’s fiscal Q1 earnings report as solid. However, Citi also stated that Ulta Beauty, Inc. still faces a competitive category.
Ulta Beauty, Inc. is involved in the retail of beauty products, with its products including makeup, skin care, fragrance, tools, brushes, and bath and body.
4. Toll Brothers, Inc. (NYSE:TOL)
Number of Hedge Fund Holders: 59
Toll Brothers, Inc. (NYSE:TOL) is one of the top cheap growth stocks to get rich. Keefe Bruyette upgraded Toll Brothers, Inc. (NYSE:TOL) to Outperform from Market Perform on June 8, adjusting the price target on the stock to $161, up from $158. The firm adjusted two homebuilder ratings, stating that in a “challenging, K-shaped” housing market, homebuilders leveraged to the entry-level consumer face earnings risk. It also added that those exposed to the affluent, move-up, and active adult segments are better positioned to defend margins.
Keefe Bruyette paired the upgrade of Toll Brothers, Inc. with a downgrade of Lennar, telling investors in a research note that the upgrade highlights Toll Brothers, Inc.’s exposure to “resilient” luxury demand, its long-land inflation hedge, and improved fundamentals post the fiscal Q2 report.
In another development, Argus lifted the price target on Toll Brothers, Inc. to $170 from $165 on June 2 and reaffirmed a Buy rating on the shares.
Toll Brothers, Inc. is involved in the building, design, marketing, and arranging of financing for detached and attached homes in residential communities. The company’s operations are divided into the following geographical segments: North Region, Mid-Atlantic Region, South Region, Mountain Region, and Pacific Region.
3. Fiserv, Inc. (NASDAQ:FISV)
Number of Hedge Fund Holders: 61
Fiserv, Inc. (NASDAQ:FISV) is one of the top cheap growth stocks to get rich. Morgan Stanley maintained an Equal Weight rating on Fiserv, Inc. (NASDAQ:FISV) on June 17, setting a $65 price target on the stock and telling investors that the departure of the company’s CEO adds to uncertainty. However, it also added that the new CEO offers some continuity and has shown early success within the merchant solutions segment. The firm further stated that the question is whether the new leadership team can stabilize execution, rebuild credibility, and deliver against 2026 guidance.
Fiserv, Inc. also received a rating update from Truist on May 29. The firm cut the price target on the stock to $58 from $64 and reaffirmed a Hold rating on the shares, telling investors in a research note that the firm is updating its model after the company’s fiscal Q1 earnings report. It noted that its near-term revenue expectations are reset lower while its full-year expectations decrease to a lesser extent, accounting for the non-recurring hardware revenues impacting the merchant solutions segment.
Fiserv, Inc. is involved in the provision of financial services technology. The company’s operations are divided into the Merchant and Financial segments.
2. IQVIA Holdings Inc. (NYSE:IQV)
Number of Hedge Fund Holders: 64
IQVIA Holdings Inc. (NYSE:IQV) is one of the top cheap growth stocks to get rich. HSBC cut the price target on IQVIA Holdings Inc. (NYSE:IQV) to $210 from $240 on June 3 and reiterated a Buy rating on the shares, stating that the market expectations on life science tools “remain bearish” with allocation tilted towards managed care and therapeutics within healthcare. The firm further told investors in a research note that although the tools sector is priced for disappointment, HSBC sees “green shoots of recovery,” notably in bioprocessing and quality assurance. It adjusted price targets to take into account risk-adjusted return expectations, with the firm’s preferred ideas being Waters, Iqvia, and Sartorius.
For reference, in its financial results for fiscal Q1 2026, IQVIA Holdings Inc. reported revenue of $4,151 million, up 8.4% year-over-year. GAAP Net Income for the quarter reached $274 million, with an adjusted EBITDA of $932 million, GAAP Diluted Earnings per Share of $1.61, and adjusted Diluted Earnings per Share of $2.90.
IQVIA Holdings Inc. provides technology solutions, analytics, and clinical research services to the life sciences industry. The company’s operations are divided into the following segments: Technology and Analytics Solutions, Research and Development Solutions, and Contract Sales and Medical Solutions.
1. First Solar, Inc. (NASDAQ:FSLR)
Number of Hedge Fund Holders: 67
First Solar, Inc. (NASDAQ:FSLR) is one of the top cheap growth stocks to get rich. Bernstein initiated coverage of First Solar, Inc. (NASDAQ:FSLR) with an Underperform rating on June 16 and set a price target of $217. The firm told investors in a research note that the stock’s bull case is entirely contingent on policy, with the market pricing in that it is permanent. It added that the company has 75% of its gross margin coming from tax credits, which may be vulnerable to a policy change or different administration. Bernstein believes that the company’s shares are priced at an indefinite 45X tax credits.
First Solar, Inc. also received a rating update from Mizuho on June 15. The firm lifted the price target on the stock to $300 from $243 and reaffirmed an Outperform rating on the shares, citing higher U.S. import prices versus its prior estimate of a 3c per watt tariff for the target boost. The firm further told investors in a research note that more ad-valorem tariffs could push selling prices above 40c per watt in a bull case.
First Solar, Inc. is a solar technology company involved in the provision of solar modules. The company is involved in the manufacture, design, and sale of cadmium telluride (CdTe) solar modules, which convert sunlight into electricity.
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