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.
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.
7. Marqeta Inc. (NASDAQ:MQ)
Share Price as of September 16: $5.80
Number of Hedge Fund Holders: 31
Marqeta Inc. (NASDAQ:MQ) is one of the best growth stocks under $30 to buy. On September 8, Marqeta announced the appointment of Mike Milotich as its new CEO and as a Director, effective immediately. Mr. Milotich has served as the company’s Interim CEO since February 2025, a role he held concurrently with his position as CFO.
The Marqeta Board’s Chair, Judson C. Linville, stated that the decision followed a thorough search. The Board believes his knowledge of the business & industry, strong customer connections, and proven leadership as Interim CEO make him the ideal choice to execute Marqeta’s strategy.
Milotich has served as Marqeta’s CFO since February 2022, overseeing financial planning, corporate development, accounting, and investor relations. Before joining Marqeta, he was the Senior Vice President of Corporate Finance and Investor Relations at Visa and also held various business analysis roles at PayPal and American Express.
Marqeta Inc. (NASDAQ:MQ) operates a cloud-based open API platform for card issuing and transaction processing services.
6. Genius Sports Limited (NYSE:GENI)
Share Price as of September 16: $12.29
Number of Hedge Fund Holders: 36
Genius Sports Limited (NYSE:GENI) is one of the best growth stocks under $30 to buy. On September 8, Genius Sports announced an expansion of its long-term partnership with Hard Rock Bet Sportsbook to enhance the platform’s official data, trading, and marketing capabilities, as well as introduce its innovative BetVision product. Genius Sports has served as a partner to Hard Rock Bet since 2021.
Under the expanded agreement, Genius Sports will continue to power Hard Rock Bet with official data and pinpoint trading solutions across major leagues, including the Premier League, Serie A, European Leagues, Liga MX, and the NFL.
Hard Rock Bet will also deploy Genius Sports’ flagship BetVision product. BetVision combines low-latency live streams with real-time stats, augmented viewing options, and an integrated betslip, all in a single interactive player. Hard Rock Bet customers will have access to BetVision for global soccer leagues like Serie A, and for both in-market and national NFL games on phone and tablet devices.
Genius Sports Limited (NYSE:GENI) develops and sells technology-led products and services to the sports, sports betting, and sports media industries.
5. Remitly Global Inc. (NASDAQ:RELY)
Share Price as of September 16: $17.18
Number of Hedge Fund Holders: 39
Remitly Global Inc. (NASDAQ:RELY) is one of the best growth stocks under $30 to buy. On September 15, Citizens JMP lowered the firm’s price target on Remitly Global to $23 from $32, while keeping an Outperform rating on the shares. While the firm believes Remitly to be one of the strongest secular growth vehicles in FinTech, Citizens JMP suggested that Q3 2025 guidance is accurate and that the Street’s 2026 revenue forecasts may be too high.
In Q2 2025, Remitly surpassed revenue and adjusted EBITDA expectations with sales of $411.9 million, which was a 34.4% year-on-year increase. The company also raised its full-year revenue and EBITDA guidance. This performance was underpinned by a 3.6% operating margin and a growing customer base of 8.51 million active customers, which was up 1.66 million year-on-year.
The company’s future growth strategy is focused on product expansion and a new membership ecosystem. A central initiative was the Remitly One membership platform, which integrates products like Remitly Wallet and Remitly Flex (send now, pay later) to drive deeper engagement and higher customer lifetime value.
Remitly Global Inc. (NASDAQ:RELY) provides digital financial services in the US, Canada, and internationally.
4. Lumen Technologies Inc. (NYSE:LUMN)
Share Price as of September 16: $5.59
Number of Hedge Fund Holders: 40
Lumen Technologies Inc. (NYSE:LUMN) is one of the best growth stocks under $30 to buy. On September 9, Lumen Technologies announced the launch of Wavelength RapidRoutes which sets a new standard for enterprise connectivity speed by offering ready-to-deploy 100G and 400G wavelength services. The solution is designed to meet the growing demands of AI and cloud network architectures, eliminating the typical multi-month wait times for provisioning.
Lumen provides an industry-leading 20-day delivery Service Level Agreement/SLA for the service, starting from the date the order is fully executed. RapidRoutes are pre-defined, high-demand network connections built for the AI era, specifically targeting enterprises, hyperscalers, content providers, government organizations, and other data-intensive industries that need to move massive amounts of data quickly.
By using these pre-engineered routes across Lumen’s intercity fiber network, the need for custom engineering is removed, making network procurement predictable and effortless. Lumen’s goal is to grow its intercity fiber network to over 47 million miles by the end of 2028. Lumen is also aggressively expanding its 400G-enabled footprint to 100,000 wavelength route miles, adding 1.26 petabytes of new capacity at over 300 locations across 25 metro markets.
Lumen Technologies Inc. (NYSE:LUMN) is a networking company that provides integrated products and services to business and mass customers in the US and internationally.
3. Cleveland-Cliffs Inc. (NYSE:CLF)
Share Price as of September 16: $11.72
Number of Hedge Fund Holders: 42
Cleveland-Cliffs Inc. (NYSE:CLF) is one of the best growth stocks under $30 to buy. On September 15, BofA raised the firm’s price target on Cleveland-Cliffs to $12.50 from $9.50, while keeping a Neutral rating on the shares. This sentiment was announced by the firm ahead of Cleveland-Cliffs’ Q3 2025 earnings report.
Earlier in Q2 2025 earnings, Cleveland-Cliffs reported a $271 million improvement in adjusted EBITDA from the prior quarter. The company achieved 4.3 million tons in shipment volumes, which marked a 150,000-ton sequential increase. Operational efficiencies led to a $15 per ton decrease in unit cost, contrary to expectations of an increase, and the average selling price rose by $35 per ton to $1,015 per ton.
The company’s liquidity stood at $2.7 billion at the quarter’s end. Furthermore, Cleveland-Cliffs is on track with its full-year target for a $50 per ton reduction in steel unit cost and has lowered its full-year 2025 expectations for combined SG&A and capital expenditures by $50 million. The company’s positive performance is supported by benefits from Section 232 steel tariffs, which are seen as supporting the domestic steel industry.
Cleveland-Cliffs Inc. (NYSE:CLF) operates as a flat-rolled steel producer in the US, Canada, and internationally. The company was formerly known as Cliffs Natural Resources Inc.
2. BrightSpring Health Services Inc. (NASDAQ:BTSG)
Share Price as of September 16: $26.81
Number of Hedge Fund Holders: 51
BrightSpring Health Services Inc. (NASDAQ:BTSG)is one of the best growth stocks under $30 to buy. On September 10, BofA raised the firm’s price target on BrightSpring Health to $31 from $27.50, while keeping a Buy rating on the shares. While hospital fundamentals should remain solid in H2, BofA is concerned that the policy and reimbursement environment will be more negative compared to recent years.
In the previous month, BrightSpring Health Services also released its Q2 2025 earnings, where the company reported a total revenue of $3.1 billion, which marked a 29% increase year-over-year. Adjusted EBITDA also grew by 29% to $143 million. However, the EBITDA margin remained flat at 4.5% compared to the previous year. Gross profit for the quarter was $375 million, which was a 20% increase.
The Pharmacy Solutions segment was the primary growth driver, with revenue increasing 32% year-over-year to $2.8 billion. Within this segment, Infusion and Specialty Revenue saw a 39% increase, reaching $2.2 billion, and specialty scripts grew by 38%. Home & Community Pharmacy Revenue grew by 11% to $587 million. This growth, particularly in specialty scripts, was cited by CFO Jennifer Phipps as the factor for the increase in gross profit per script.
BrightSpring Health Services Inc. (NASDAQ:BTSG) is a home and community-based healthcare services platform in the US. It operates through two segments: Pharmacy Solutions and Provider Services.
1. Hewlett Packard Enterprise Company (NYSE:HPE)
Share Price as of September 16: $24.46
Number of Hedge Fund Holders: 60
Hewlett Packard Enterprise Company (NYSE:HPE) is one of the best growth stocks under $30 to buy. On September 16, Bernstein initiated coverage of Hewlett Packard Enterprise with a Market Perform rating and $24 price target. Prior to this announcement, the company released its Q3 2025 earnings report, where the company’s total revenue reached $9.1 billion, which was an increase of 18% year-over-year.
This growth was fueled by momentum in AI, networking, and hybrid cloud. A major highlight was the completed acquisition of Juniper Networks, which is expected to drive cost synergies of ~$600 million over the next 3 years. The Networking segment, now including Juniper Networks, made a revenue of $1.7 billion, which marked a 54% increase year-over-year.
The Server segment achieved revenue of $4.9 billion, which was up 16%. The Hybrid Cloud segment’s revenue was $1.5 billion, which was up 11%, marking its fourth consecutive quarter of year-over-year top-line growth. Furthermore, ARR grew to $3.1 billion, which was a 75% rise. In contrast, the Financial Services segment’s revenue of $886 million was down 1%.
Hewlett Packard Enterprise Company (NYSE:HPE) provides solutions that allow customers to capture, analyze, and act upon data seamlessly.
While we acknowledge the potential of HPE 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 HPE and that has 100x upside potential, check out our report about the cheapest AI stock.
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Disclosure: None.
