In this article, we will discuss the 12 Most Promising Growth Stocks to Buy Now.
Technology stocks are flashing bearish signals as a rotation from all-time highs gathers pace. According to strategists at Bank of America, investors should start managing risk amid mounting headwinds, which could trigger a broader market selloff.
The sentiments come on the heels of tech-heavy Nasdaq 100 tumbling by more than 4% in the aftermath of solid employment data, fueling talks of interest rate hikes amid soaring inflation.
“The NDX rally extended slightly beyond expectation, breaking above 30,000. The trend became stretched relative to our measured move targets,” the strategist said, explaining that the 14-week Relative Strength Index (RSI) reached overbought levels and turned down, forming a bearish engulfing week.”
While chip stocks have led the rally in recent years, technicals signal the group is overbought, suggesting a period of higher volatility as valuations get out of hand. Bank of America strategists insist that technical analysis supports the need for investors to start playing defense as the risk-reward balance deteriorates.
Amid heightened volatility, promising growth stocks offer one of the best ways to shrug off the selloff. The stocks stand out for their stronger tailwinds in artificial intelligence, cloud security, e-commerce, and medical technology. Capital is expected to gravitate towards companies with an impressive record in combining growth with strong fundamentals, such as earnings growth and consistent cash flow generation.
With that in mind, let’s take a look at some of the most promising growth stocks to buy now.
Our Methodology
To compile a list of 12 Most Promising Growth Stocks to Buy Now, we used the Finviz screener to identify Growth stocks that boast 10% or more sales growth over the past five years and projected to grow earnings by over 20% over the next five years. We trimmed the list by focusing on stocks with a Buy or better rating from analysts and with an upside potential of more than 20%. 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 elite hedge funds in Q1 2026. We ranked the stocks in ascending order based on the number of hedge funds that hold stakes in them.
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’s 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).
Most Promising Growth Stocks to Buy Now
12. Argenx SE (NASDAQ:ARGX)
Stock Upside Potential: 20.98%
Expected 5-Year Earnings Growth: 32.29%
Number of Hedge Fund Holders: 42
Argenx SE (NASDAQ:ARGX) is one of the most promising growth stocks to buy now. On June 4, H.C. Wainwright reiterated a Buy rating and a $940 price target on Argenx SE. The positive stance is in response to the company’s recent data showing VYVGART’s effectiveness across autoimmune rheumatic diseases.
According to Luc Truyen, Chief Medical Officer at Argenx, the data underscore the rationale for targeting FcRn in autoimmune diseases and the potential to address unmet patient needs. The data support a favorable safety profile across multiple autoimmune rheumatic diseases. The company expects additional positive results from evaluating VYVGART in myositis and Sjogren’s disease next year.
Trial results from the ALKIVIA+ study indicate that VYVGART has the potential to deliver meaningful and sustained clinical benefit for patients with myositis. The candidate drug remains favorable across rheumatology indications. The US Food and Drug Administration has already approved a label expansion for VYVGART for the treatment of patients with generalized myasthenia gravis. The approval is based on data from the Phase 3 ADAPT SERON study.
Argenx SE is a global immunology biotechnology company focused on developing antibody-based medicines for severe autoimmune diseases. Using proprietary research platforms like SIMPLE Antibody, they translate complex immunology breakthroughs into first-in-class therapies.
11. Snowflake Inc. (NYSE:SNOW)
Stock Upside Potential: 22.32%
Expected 5-Year Earnings Growth: 44.34%
Number of Hedge Fund Holders: 80
Snowflake Inc. (NYSE:SNOW) is one of the most promising growth stocks to buy now. On June 4, Cantor Fitzgerald reaffirmed its Overweight rating on Snowflake Inc. with a $282 price target, highlighting upside from the current $241.28 share price and $83.6 billion market cap. The firm’s bullish stance aligns with broader Wall Street consensus, reflecting optimism around Snowflake’s evolving role in the data cloud space.
At the Snowflake Summit 26 in San Francisco, management outlined its transformation from a traditional data warehouse to an enterprise agentic control plane. This strategic shift is reinforced by the recent Natoma acquisition and a $6 billion AWS infrastructure commitment, signaling that capital allocation is firmly aligned with long‑term platform growth. Cantor noted rising conviction that Snowflake will benefit near‑term from embedding intelligence and AI into its contextual data layer.
Looking ahead, management projects GAAP profitability by Q4 fiscal 2028, supported by margin leverage and tighter control of stock‑based compensation. SBC is expected to decline from 40% of revenue in FY25 to 13% by FY28, addressing a key investor concern. Combined with an expanding total addressable market and AI tailwinds, Snowflake’s trajectory suggests meaningful upside potential for shareholders.
Snowflake Inc. delivers cloud‑based data solutions through its Data Cloud platform, enabling businesses, partners, and providers to break down silos and unlock value. Its ecosystem supports diverse use cases, including data lakes, warehousing, engineering, application development, science, and secure data sharing.
10. Arista Networks, Inc. (NYSE:ANET)
Stock Upside Potential: 27.85%
Expected 5-Year Earnings Growth: 21.84%
Number of Hedge Fund Holders: 85
Arista Networks (NYSE:ANET) is one of the most promising growth stocks to buy now. On June 9, Arista Networks unveiled the 7060XE7 Series, a portfolio of 1.6T networking platforms. The platforms are designed for rack-scale AI infrastructure featuring multiple configurations to support the company’s EOS and open network operating systems.
The platforms come with Linear Pluggable Optics that reduce interconnect power consumption by up to 60%. It also provides a bandwidth of 100 terabits per second, with 1.6 terabits per second across ports. The platform’s ability to address the extreme density, power, and thermal efficiency of the AI era makes it well-suited to scale up and scale out AI fabrics for liquid- and hybrid-cooled environments.
The 7060XE7 Series underscores Arista Networks’ transition from high-performance switches to comprehensive rack-scale systems. Consequently, the company is well-positioned to deliver massive-scale 1.6T systems that combine world-class reliability with customer support in building AI fabrics for maximum performance.
Arista Networks, Inc. develops high-performance networking equipment and software for massive data centers, AI training clusters, and enterprise campuses. They compete with legacy vendors by providing high-speed Ethernet switches and open, automated network management software used by major cloud titans like Microsoft and Meta.
9. Shopify Inc. (NASDAQ:SHOP)
Stock Upside Potential: 44.46%
Expected 5-Year Earnings Growth: 30.62%
Number of Hedge Fund Holders: 88
Shopify Inc. (NASDAQ:SHOP) is one of the most promising growth stocks to buy now. On May 28, UBS reiterated a Neutral rating on Shopify Inc. and a $130 price target. The research firm expects the Retail POS business to be a key driver of growth, as it currently accounts for 12% of gross merchandise volume.
According to UBS, the Retail POS remains an underappreciated part of the business while being part of the long-term growth algorithm. It expects the business to contribute between 300 and 500 basis points of Shopify’s 10-year gross merchandise volume compound annual growth rate of up to 21%. It also expects the business to contribute between 100 and 200 basis points of a 10-year gross profit compound annual growth rate of between 15% and 20%.
The expected growth would come against the backdrop of the differentiated offering that combines Shopify’s eCommerce and ecosystem with in-store POS. The company will also benefit, as the market is relatively fragmented and lacks a clear leader.
Shopify Inc. is a comprehensive, cloud-based e-commerce platform used by individuals and businesses to create, manage, and scale online stores. It provides everything needed to run a digital business, including website building, inventory tracking, payment processing, and shipping management, without requiring coding or technical expertise.
8. AppLovin Corporation (NASDAQ:APP)
Stock Upside Potential: 30.20%
Expected 5-Year Earnings Growth: 41.74%
Number of Hedge Fund Holders: 91
AppLovin Corp (NASDAQ:APP) is one of the most promising growth stocks to buy now. On June 9, Piper Sandler reiterated an Overweight rating on AppLovin Corp and a $665 price target. The research firm remains optimistic despite growing concerns about Meta Platforms, which has the scale and first-party data to bypass ad tech platforms.
The company has come under pressure amid growing concerns that Meta Platforms’ more aggressive bidding for off-platform mobile gaming inventory could compress margins and volume share. Piper Sandler insists the competitive pressure has always existed, but has never stopped AppLovin from growing at above-market rates.
Separately, Applovin delivered impressive first-quarter results, driven by mobile gaming advertising and e-commerce growth. Revenue in the quarter was up 59% and exceeded guidance by 5%. It represented the company’s largest revenue beat in four quarters. The company has already confirmed its Axon advertising platform will open to all advertisers, a shift that will end the closed-ended system.
AppLovin Corporation is a leading AI-driven mobile technology platform that helps businesses and developers acquire users, monetize their applications, and analyze advertising performance. Its sophisticated machine-learning engine processes billions of in-app signals to optimize digital advertising in real-time.
7. Palantir Technologies Inc. (NASDAQ:PLTR)
Stock Upside Potential: 43.36%
Expected 5-Year Earnings Growth: 59.75%
Number of Hedge Fund Holders: 96
Palantir Technologies Inc. (NASDAQ:PLTR) is one of the most promising growth stocks to buy now. On June 4, Baird reiterated an Outperform rating on Palantir Technologies Inc. and a $200 price target. The positive stance follows a constructive discussion with management that centered on the company’s strategic position, product, and business model differentiation.
The research firm has since downplayed investor concerns about competition pressure from the likes of Anthropic and OpenAI. Consequently, it maintains a positive view of the company given its market differentiation. While foundational models are an important aspect of the technology landscape, they are allowing customers to extract greater value.
Palantir’s edge amid foundation models stems from its ability to harness artificial intelligence for customers. The company has already inked a multi-year, multimillion-dollar partnership with McCarthy Building Companies to integrate AI across construction operations. Additionally, it boasts industry-leading growth and margins, which make it a top investment idea.
Palantir Technologies Inc. is an American software company specializing in big data analytics and artificial intelligence. It builds platforms that allow organizations, governments, and enterprises to integrate vast, disconnected datasets, visualize information, and make complex, data-driven decisions.
6. Amphenol Corporation (NYSE:APH)
Stock Upside Potential: 25.50%
Expected 5-Year Earnings Growth: 23.51%
Number of Hedge Fund Holders: 112
Amphenol Corporation (NYSE:APH) is one of the most promising growth stocks to buy now. On May 27, Evercore ISI reiterated an Outperform rating on Amphenol Corporation and maintained a $180 price target.
The bullish stance comes as the research firm expects the company’s revenue base to receive a boost of between $1.2 billion and $1.5 billion from the CommScope acquisition. It also expects the company’s total data center fiber portfolio to reach about $3 billion, making it one of the largest in AI and data center fiber connectivity.
Consequently, Evercore ISI expects Amphenol’s annualized AI revenue run rate to exceed $9 billion by year-end, up from between $2 billion and $2.2 billion in the first quarter. It also estimates Corning’s enterprise fiber to reach approximately $4 billion. The robust growth would come as the CommScope acquisition continues to provide scaled positions across passive copper, active copper, and active fiber connectivity.
Amphenol Corporation designs, manufactures, and markets electrical, electronic, and fiber optic connectors, cable assemblies, antennas, and sensors. The company supplies mission-critical components that connect and power devices across virtually every major technology and industrial sector.
5. DoorDash, Inc. (NASDAQ:DASH)
Stock Upside Potential: 58.19%
Expected 5-Year Earnings Growth: 48.96%
Number of Hedge Fund Holders: 117
DoorDash (NYSE:DASH) is one of the most promising growth stocks to buy now. On June 8, Bank of America analysts reiterated that DoorDash is one of the growth stocks well-positioned to outperform once the current artificial intelligence phase turns.
According to the investment bank, the stock’s performance reflects the early stage of the AI cycle. That’s because investor conversations have mostly focused on semiconductor and hardware sectors at the expense of internet stocks. The investment bank expects the current AI phase to last until hardware and semiconductor capacity meet demand. Thereafter, services built on the infrastructure will take over and outperform.
On the other hand, DoorDash Ads has launched a new suite of tools spanning ad formats, offsite reach, and campaign automation. The new suite underscores the company’s push to help merchants drive sales and help brands reach new consumers. The suite will also offer advertisers a clearer view of what is working in their campaigns.
DoorDash, Inc. is a technology and logistics company that operates an on-demand food, grocery, and retail delivery platform. It connects consumers with local merchants through a mobile app or website, utilizing independent contractors (“Dashers”) to pick up and deliver the items.
4. Spotify Technology S.A. (NYSE:SPOT)
Stock Upside Potential: 22.47%
Expected 5-Year Earnings Growth: 22.98%
Number of Hedge Fund Holders: 123
Spotify Technology S.A. (NYSE:SPOT) is one of the most promising growth stocks to buy now. On June 3, Citizens reiterated that Spotify Technology SA is in a phase of robust growth. The research firm raised its 2027 EBITDA estimates for the company by 5%, buoyed by new product launches that improve monetization.
In addition, it expects the company to benefit from lower operating expense growth as it laps a year of investment. Consequently, it has reiterated a Market Outperform rating on the stock with a $625 price target. The bullish stance underscores confidence about the company’s outlook given its structural advantages.
Spotify Technology operates as a multi-vertical platform spanning music, podcasts, and video podcasts. It also offers audiobooks, engaging more than 750 million monthly active users. The company also generates a proprietary dataset that it uses to deliver differentiated, personalized experiences.
On the other hand, Cantor Fitzgerald raised its price target of the stock to $520, impressed by the strength of the company’s artificial intelligence product roadmap. It has already inked a strategic collaboration with UMG for artist cover creations.
Spotify Technology S.A. operates as a massive global audio-streaming platform. Spotify Strategy and Business Model – Umbrex. It provides users with instant access to millions of songs, podcasts, and audiobooks through both free, ad-supported tiers and paid subscriptions.
3. Broadcom Inc. (NASDAQ:AVGO)
Stock Upside Potential: 35.65%
Expected 5-Year Earnings Growth: 55.76%
Number of Hedge Fund Holders: 173
Broadcom Inc. (NASDAQ:AVGO) is one of the most promising growth stocks to buy now. On June 9, Broadcom Inc. announced it is teaming up with Apollo Global Management and Blackstone’s credit and insurance business to launch an artificial intelligence infrastructure platform.
AI XPV Platform will enable more than 20 gigawatts of compute capacity by 2028. Backed by an initial $35 billion in financing, the platform is to employ Broadcom’s chips and networking solutions to support AI-focused companies.
The $35 billion tranche is to support anthropic capacity expansion of more than 1 gigawatt of compute infrastructure. The platform will also establish a framework for future deployments of XPU-based compute capacity and networking infrastructure. The ultimate goal is to lower the cost and power requirements of AI model training and inference.
Apollo and Blackstone’s participation in the project underscores the growing role of private equity in financing and enhancing the buildout of digital infrastructure.
Broadcom Inc. is a global technology leader that designs, develops, and supplies a massive range of semiconductor and enterprise infrastructure software. Operating as a foundational pillar of modern computing, it is roughly split into two primary areas: hardware and software.
2. NVIDIA Corporation (NASDAQ:NVDA)
Stock Upside Potential: 53.44%
Expected 5-Year Earnings Growth: 45.51%
Number of Hedge Fund Holders: 275
NVIDIA Corporation (NASDAQ:NVDA) is one of the most promising growth stocks to buy now. On June 9, Nebius reiterated a strategic collaboration with NVIDIA Corporation to create a cloud platform for robotics and physical artificial intelligence. Nebius launched the Physical AI Living Lab for UK and European robotics startups, built with NVIDIA technologies.
The two companies are joining forces to extend the Physical AI Living Lab to other regions. Part of the plan entails providing British and European robotics startups with Nvidia’s Physical AI development tools. The startups will also gain access to Nebius AI’s cloud infrastructure. The six-month program will address barriers that early-stage robotics firms face in the race to access large-scale simulation, synthetic data, and accelerated compute resources.
Additionally, participating startups are to leverage Nvidia technologies, including OSMO for workload orchestration and Cosmos World Foundation models. The Physical AI lab seeks to bridge the gap between UK robotics innovation and market-ready physical AI solutions by offering access to affordable cloud–scale training.
NVIDIA Corporation is a technology company that designs and sells specialized computer chips, most notably Graphics Processing Units (GPUs). It has evolved from a gaming graphics card manufacturer into the leading full-stack infrastructure provider powering the global artificial intelligence (AI) revolution.
1. Amazon.com, Inc. (NASDAQ:AMZN)
Stock Upside Potential: 31.85%
Expected 5-Year Earnings Growth: 21.61%
Number of Hedge Fund Holders: 353
Amazon.com, Inc. (NASDAQ:AMZN) is one of the most promising growth stocks to buy now. On June 8, Amazon.com, Inc. completed the sale of C$14 billion ($10 billion) in investment-grade bonds in Canada. It marked the largest corporate bond offering in Canadian dollars, attracting C$28 billion in orders from investors amid strong global demand for Canadian bonds.
The US ecommerce giant offered senior unsecured notes across five tranches, with maturities ranging from 3 to 30 years, as part of the bond offering. The yield on the longest tranche is 1.10% above that of government bonds. The five-part bond deal affirms Amazon’s strategy to diversify its funding sources.
The capital raise comes as Amazon looks to pursue opportunities in artificial intelligence. The company has already announced plans to spend about $200 billion on data centers, chips, and other infrastructure related to cloud computing and AI . It has borrowed more than $70 billion since the start of 2025 to finance the expansion drive into new areas of growth.
Amazon.com, Inc. operates as a global technology and e-commerce company. Its core businesses include the world’s largest online retail marketplace, Amazon Web Services (AWS) for cloud computing, consumer electronics like Echo devices, digital entertainment (Prime Video, Audible), and a massive global logistics and delivery network.
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