On August 29, Bob Keiser, Aspire Strategist Portfolios co-chief investment officer and senior market strategist, joined CNBC’s ‘Closing Bell Overtime’ to discuss his outlook on large cap and growth stocks. Keiser stated that his firm has been bullish for 2 years and recommends maintaining exposure to large-cap core and growth stocks because this is where earnings growth has been concentrated. He believes that a potential Fed interest rate cut, with an 80% chance of a September cut and two cuts by the year’s end, according to predictions, will not alter the overall market direction much, although it would be a positive development. He also addressed the overrepresentation of large tech stocks in the S&P 500, with the top 10 stocks accounting for ~40% of the market cap.

Keiser explained that this concentration is fundamentally justified, as the tech and growth sectors are the only ones expected to achieve 4 consecutive quarters of double-digit earnings growth this year, following a similar performance last year, and are projected to do so again next year. He sees this as a new normal that investors have had to accept, as they are being rewarded for investing in these stocks. Citing S&P Global Market Intelligence data, Keiser mentioned a forecast for the S&P 500 to reach $300 per share. He believes that this will be driven by double-digit earnings growth from tech, industrials, materials, and financials, excluding the second quarter of next year for the latter. This diversification of growth is considered necessary for the S&P 500 to meet its earnings expectations.

That being said, we’re here with a list of the 9 best growth stocks under $30 to buy.

Our Methodology

We sifted through different stock screeners and financial media reports to compile a list of the top growth stocks under $30, as of September 16. We then selected the 9 stocks that were the most popular among elite hedge funds and that analysts were bullish on. The stocks are ranked in ascending order of the number of hedge funds that have stakes in them, as of Q2 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).

9 Best Growth Stocks Under $30 to Buy

9. Red Cat Holdings Inc. (NASDAQ:RCAT)

Share Price as of September 16: $10.60

Number of Hedge Fund Holders: 8

Red Cat Holdings Inc. (NASDAQ:RCAT) is one of the best growth stocks under $30 to buy. On September 15, Red Cat Holdings announced a collaboration with Safe Pro Group Inc. (NASDAQ:SPAI). The partnership is focused on embedding Safe Pro’s patented AI-powered image analysis directly into Red Cat’s Black Widow drone platform. The objective is to enable US and allied ground personnel to rapidly and in real-time identify and locate over 150 types of explosive threats, including landmines, cluster munitions, and unexploded ordnance/UXO.

The integration will allow Safe Pro’s Object Threat Detection/SPOTD system to process real-time 4k video onboard the Black Widow drone at the tactical edge. The live threat data will be delivered directly to military situational awareness platforms, such as the US Army’s Tactical Assault Kit/ATAK software ecosystem, accelerating critical decision-making.

Furthermore, the Black Widow will integrate with Safe Pro’s new SPOTD Navigation, Observation and Detection Engine/NODE, an edge-based solution designed to process, map, and share mission-critical information. This NODE kit enables end users to collect visual data, receive threat alerts, and create 2D and 3D interactive maps, providing enhanced situational awareness even in connectivity-denied environments.

Red Cat Holdings Inc. (NASDAQ:RCAT) provides products, services, and solutions to the drone industry in the US. It integrates robotic hardware and software solutions for military, government, and commercial operations.

Safe Pro Group Inc. (NASDAQ:SPAI) provides security and protection products in the US, Europe, Asia, and the Pacific.

8. Infosys Limited (NYSE:INFY)

Share Price as of September 16: $17.00

Number of Hedge Fund Holders: 30

Infosys Limited (NYSE:INFY) is one of the best growth stocks under $30 to buy. On September 11, Infosys and HanesBrands Inc. (NYSE:HBI) announced a strategic ten-year alliance to drive innovation and efficiency across HanesBrands’ IT landscape. The collaboration designates Infosys as HanesBrands’ strategic partner for its digital, business applications, and data initiatives to achieve hyper productivity and AI-driven efficiency.

Under the terms of the alliance, Infosys will deploy its proprietary, AI-first platforms, specifically the Live Enterprise Automation Platform/LEAP, which is integrated within the Infosys Topaz suite of services. The deployment will use GenAI and AIOps technologies to help HanesBrands modernize its core operations, simplify its IT landscape, enhance agility, and unlock greater value from data.

Infosys’s AI-first approach and proven ability to scale innovation were key factors in selecting the partner, aligning with HanesBrands’ long-term vision for agility and customer-centricity.

Infosys Limited (NYSE:INFY) provides consulting, technology, outsourcing, and digital services in North America, Europe, India, and internationally.

Hanesbrands Inc. (NYSE:HBI) designs, manufactures, sources, and sells a range of innerwear apparel for men, women, and children in the Americas, Europe, the Asia Pacific, and internationally.