In this article, we will list the 5 Cheap Growth Stocks to Get Rich. Please visit 12 Cheap Growth Stocks to Get Rich if you would like to see the extended list and the methodology behind it.
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. (NASDAQ:ULTA) 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. (NASDAQ:ULTA) still faces a competitive category.
Ulta Beauty, Inc. (NASDAQ:ULTA) 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. (NYSE:TOL) with a downgrade of Lennar, telling investors in a research note that the upgrade highlights Toll Brothers, Inc.’s (NYSE:TOL) 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. (NYSE:TOL) to $170 from $165 on June 2 and reaffirmed a Buy rating on the shares.
Toll Brothers, Inc. (NYSE:TOL) 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. (NASDAQ:FISV) 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. (NASDAQ:FISV) 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. (NYSE:IQV) 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. (NYSE:IQV) 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. (NASDAQ:FSLR) 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. (NASDAQ:FSLR) 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.
While we acknowledge the potential of FSLR 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 FSLR and that has 100x upside potential, check out our report about the cheapest AI stock.
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