12 High-Risk High-Reward Growth Stocks to Buy Right Now

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1. Morningstar, Inc. (NASDAQ:MORN)

Beta: 1.01

Upside Potential: 37.07%

Morningstar, Inc. (NASDAQ:MORN) ranks at the top among our list of 12 high-risk high-reward growth stocks to buy right now. The company launched a new benchmark and announced the acquisition of CRSP, following significant revenue growth.

On July 30, 2025, Morningstar, Inc. (NASDAQ:MORN) reported its Q2 2025 financial results, highlighting a revenue increase of 5.8% year-over-year to $605.1 million. The growth was primarily attributed to the strong performance of its PitchBook and Morningstar Direct platforms.

Later, on September 10, 2025, Morningstar, Inc. (NASDAQ:MORN) announced the launch of the Morningstar PitchBook US Modern Market 100 Index. This benchmark, created in collaboration with PitchBook, is the first of its kind to track public and private market companies in a single index. With this launch, the company gains a stronger foothold as a research and data pioneer in the investment environment. In addition to this, the company also announced that it had agreed to acquire the Center for Research in Security Prices from the University of Chicago. With this $375 million acquisition, Morningstar, Inc. (NASDAQ:MORN) will have access to the CRSP Market Indexes, which are the benchmarks for more than $3 trillion in U.S. equities.

Though the company’s beta of 1.01 raises concerns about its sensitivity to the market, the consensus upside potential of 37.07% remains attractive, making Morningstar, Inc. (NASDAQ:MORN)a significant contender for the best growth stocks.

Based in Illinois, Morningstar, Inc. (NASDAQ:MORN) is a global financial services company that provides a wide range of investment research and investment management services. Founded in 1984, the company has become an influential source of independent analysis for individual investors, financial advisors, and institutional clients.

While we acknowledge the potential of MORN 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 MORN and that has 100x upside potential, check out our report about this cheapest AI stock.

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