Top growth stocks to buy now
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Are you looking for the best growth stocks to maximize your capital gains in 2024? We’ve put together a list of the ten best growth stocks to buy now, so you can start building a profitable portfolio in the new year. Read on to learn more about these great investments!
What are the growth stocks?
Growth stocks are stocks of companies that are growing faster than their peers. They typically reinvest profits into expanding their operations, resulting in higher revenues and stock prices.
The key is identifying which growth stocks to buy now and what growth stocks to watch to maximize returns. Whether you’re looking for the best long-term growth stocks, the top growth stocks to buy, or the best growth stocks for the next ten years, there are plenty of options for savvy investors. You can also find out information about top undervalued fintech stocks that are worth buying.
Top 10 growth stocks to invest in right now
Top 10 best growth stocks to invest in right now are
Google (GOOGL)
Microsoft (MSFT)
Shopify (SHOP)
Amazon (AMZN)
Alibaba (BABA)
Visa (V)
Salesforce (CRM)
AMD
Tesla (TSLA)
Facebook (META)
Google stock review
Google (GOOGL) is one of the largest technology corporations in the world, which includes over 400 companies, startups, and various digital platforms. Since 2015, Google has been a part of Alphabet Inc. Alphabet has two main operational divisions:
Google LLC. This division operates the search engine, Android, YouTube, Google Cloud and Google Ads.
Other Bets. This group includes not always profitable, but promising innovative startups that are financially supported by the corporation, for example development of self-driving automobiles.
Google (GOOGL) price prediction 2024, 2025, 2030
| Year | Price in the middle of the year | Price at the end of the year | Year-end price change, % |
|---|---|---|---|
| 2024 | $182.75 | $193.35 | 0% |
| 2025 | $203.94 | $215.76 | 0% |
| 2026 | $227.58 | $240.78 | 0% |
| 2027 | $253.97 | $268.7 | 0% |
| 2028 | $283.42 | $299.85 | 0% |
| 2029 | $316.28 | $334.62 | 0% |
| 2030 | $352.95 | $373.41 | 0% |
| 2031 | $393.87 | $416.71 | 0% |
| 2032 | $439.54 | $465.02 | 0% |
| 2033 | $490.5 | $518.94 | 0% |
| 2034 | $547.37 | $579.1 | 0% |
| 2035 | $610.83 | $646.24 | 0% |
Microsoft stock review
Microsoft (MSFT) is one of the largest technology companies in the world, ranked on top in the segments of information technology, computer software, personal computers, mobile devices, etc. All areas of the operation of the multinational company are divided into three groups: Productivity and Business Processes, Intelligent Cloud and Personal Computing. Microsoft stock is included in the NASDAQ Technology Index.
In the past five years, the MSFT stock price has been confidently moving up, recording new all-time highs. The price chart shows short-term drawdowns, indicating resistance of the company to various negative external global factors. One of the key questions of the investors is whether the company will be able to continue to lead in the technology segments and the MSFT stock price will continue to grow at the same pace.
Microsoft (MSFT) price prediction 2024, 2025, 2030
| Year | Price in the middle of the year | Price at the end of the year | Year-end price change, % |
|---|---|---|---|
| 2024 | $433 | $453.89 | 0% |
| 2025 | $474.77 | $497.67 | 0% |
| 2026 | $520.57 | $545.68 | 0% |
| 2027 | $570.79 | $598.32 | 0% |
| 2028 | $625.85 | $656.04 | 0% |
| 2029 | $686.23 | $719.33 | 0% |
| 2030 | $752.43 | $788.73 | 0% |
| 2031 | $825.02 | $864.82 | 0% |
| 2032 | $904.61 | $948.25 | 0% |
| 2033 | $991.88 | $1039.73 | 0% |
| 2034 | $1087.57 | $1140.03 | 0% |
| 2035 | $1192.49 | $1250.01 | 0% |
Shopify (SHOP) stock review
Shopify (SHOP) is an online company developing software, apps, and templates for creating online stores. Company’s developments help users create, launch and maintain retail platforms without the knowledge of code or design. The company services over 1 million online shops as of now. Shopify shares are quotes on the New York Stock Exchange (NYSE).
Shopify (SHOP) price prediction 2024, 2025, 2030
| Year | Price in the middle of the year | Price at the end of the year | Year-end price change, % |
|---|---|---|---|
| 2024 | $87.39 | $97.95 | 0% |
| 2025 | $108.5 | $121.61 | 0% |
| 2026 | $134.71 | $150.98 | 0% |
| 2027 | $167.25 | $187.45 | 0% |
| 2028 | $207.65 | $232.73 | 0% |
| 2029 | $257.81 | $288.95 | 0% |
| 2030 | $320.09 | $358.75 | 0% |
| 2031 | $397.41 | $445.41 | 0% |
| 2032 | $493.41 | $553.01 | 0% |
| 2033 | $612.6 | $686.59 | 0% |
| 2034 | $760.58 | $852.45 | 0% |
| 2035 | $944.31 | $1058.37 | 0% |
Amazon stock review
Amazon (AMZN) is one of the largest technology companies in the field of e-commerce that controls over 40% of the U.S. market in this segment. The company was founded by Jeff Bezos, one of the wealthiest people in the world, in 1994. At the time, the platform was a simple online store. Today, the company is developing several areas: e-commerce in the U.S. and Europe, cloud computing, rendering services in the IaaS and PaaS models (Amazon Web Services). Amazon stock is included in the NASDAQ Index.
Amazon (AMZN) price prediction 2024, 2025, 2030
| Year | Price in the middle of the year | Price at the end of the year | Year-end price change, % |
|---|---|---|---|
| 2024 | $201.61 | $214.48 | 0% |
| 2025 | $227.34 | $241.85 | 0% |
| 2026 | $256.35 | $272.71 | 0% |
| 2027 | $289.06 | $307.5 | 0% |
| 2028 | $325.94 | $346.74 | 0% |
| 2029 | $367.53 | $390.98 | 0% |
| 2030 | $414.43 | $440.87 | 0% |
| 2031 | $467.31 | $497.13 | 0% |
| 2032 | $526.94 | $560.56 | 0% |
| 2033 | $594.18 | $632.09 | 0% |
| 2034 | $670 | $712.75 | 0% |
| 2035 | $755.49 | $803.69 | 0% |
Alibaba (BABA) stock review
Alibaba (BABA) is one of China’s largest companies operating in the e-commerce segment. The company owns B2B electronic trading platforms and retail trading online platforms. The corporation is also developing cloud technologies (owner of the world’s largest cloud computing infrastructure. The company has been repeatedly ranked in the Top 10 in terms of market capitalization, and Top 100 by net income. The key competitors of the company include Tencent, eBay, Amazon. Alibaba shares are quotes on the New York Stock Exchange (NYSE).
The period of 2016-2022 is described by unstable growth of the stock price with deep drawdowns during certain periods. The all-time high was reached in October 2020 at the level of over USD 300 per share. In the course of stagnation that followed, the stock price dropped to USD 70-75, the level of 2016. Some analysts believe that the Alibaba stock is at the price bottom temporarily. The e-commerce segment continues to actively grow. Many private businesses move to online trading, thereby reducing trading costs. Alibaba owned by the AliExpress corporation is one of the most popular platforms in Asia and the territories of the former Soviet countries.
Alibaba (BABA) price prediction 2024, 2025, 2030
| Year | Price in the middle of the year | Price at the end of the year | Year-end price change, % |
|---|---|---|---|
| 2024 | $79.32 | $81.33 | 0% |
| 2025 | $83.33 | $85.44 | 0% |
| 2026 | $87.55 | $89.77 | 0% |
| 2027 | $91.98 | $94.31 | 0% |
| 2028 | $96.63 | $99.08 | 0% |
| 2029 | $101.52 | $104.09 | 0% |
| 2030 | $106.66 | $109.36 | 0% |
| 2031 | $112.06 | $114.9 | 0% |
| 2032 | $117.73 | $120.71 | 0% |
| 2033 | $123.69 | $126.82 | 0% |
| 2034 | $129.95 | $133.24 | 0% |
| 2035 | $136.53 | $139.99 | 0% |
Visa (V)
Visa (V) is one of the largest and most valuable corporations, one of the international leaders of digital payments. The platform’s key areas of operation are development of innovative payment products and technologies and support of domestic and international payments. The platform is based on a processing network that processes around 65,000 transactions per second. Over 4 billion debit/credit cards have been issued. They are accepted at more than 55 million outlets. Visa stock is a component of the Dow Jones index.
Visa (V) price prediction 2024, 2025, 2030
| Year | Price in the middle of the year | Price at the end of the year | Year-end price change, % |
|---|---|---|---|
| 2024 | $295.31 | $310.79 | 0% |
| 2025 | $326.27 | $343.37 | 0% |
| 2026 | $360.47 | $379.37 | 0% |
| 2027 | $398.26 | $419.14 | 0% |
| 2028 | $440.01 | $463.08 | 0% |
| 2029 | $486.14 | $511.62 | 0% |
| 2030 | $537.1 | $565.25 | 0% |
| 2031 | $593.4 | $624.51 | 0% |
| 2032 | $655.61 | $689.98 | 0% |
| 2033 | $724.34 | $762.31 | 0% |
| 2034 | $800.27 | $842.22 | 0% |
| 2035 | $884.16 | $930.51 | 0% |
Netflix (NFLX) stock review
Netflix (NFLX) is one of the largest technology companies in the entertainment sector that provides a subscription streaming service and develops its own user content: movies, TV series, including animation, and TV shows. At the moment, Netflix is the top streaming service in the world with over 220 million subscribers in more than 130 countries. NFLX stock is a component of the NASDAQ Technology Sector Index.
Netflix is one of few corporations in the entertainment segment to successfully survive the 2000 dotcom crisis. The secret of success of a long-term upward trend is the efficient model of attracting subscribers: flexible pricing policy and development of unique products that are interesting for users. In the period of 2016-2020, the Netflix stock price grew by over 350%. The pandemic was the key factor of the rapid growth, and the end of the pandemic led to a sharp decline in quotes.
Netflix (NFLX) price prediction 2024, 2025, 2030
| Year | Price in the middle of the year | Price at the end of the year | Year-end price change, % |
|---|---|---|---|
| 2024 | $625.5 | $667.4 | 0% |
| 2025 | $709.3 | $756.82 | 0% |
| 2026 | $804.33 | $858.21 | 0% |
| 2027 | $912.09 | $973.19 | 0% |
| 2028 | $1034.29 | $1103.58 | 0% |
| 2029 | $1172.86 | $1251.43 | 0% |
| 2030 | $1330 | $1419.1 | 0% |
| 2031 | $1508.19 | $1609.23 | 0% |
| 2032 | $1710.26 | $1824.83 | 0% |
| 2033 | $1939.4 | $2069.32 | 0% |
| 2034 | $2199.24 | $2346.57 | 0% |
| 2035 | $2493.89 | $2660.96 | 0% |
AMD stock review
Advanced Micro Devices (AMD) is one of the largest U.S. corporations that develops microprocessors, motherboard chipsets, graphics processors, embedded processors, etc. The company was established in 1969. The corporation is a partner of manufacturers of servers, PCs and mobile devices, including IBM, Acer, HP, Nokia. The main competitors are Intel, Nvidia.
Despite the fact that the company is one of the leaders in the area of developing and manufacturing computer processors and related technologies and its shares are included in the NASDAQ index, the AMD price chart is not stable.
AMD (AMD) price prediction 2024, 2025, 2030
| Year | Price in the middle of the year | Price at the end of the year | Year-end price change, % |
|---|---|---|---|
| 2024 | $170.18 | $185.49 | 0% |
| 2025 | $200.79 | $218.85 | 0% |
| 2026 | $236.9 | $258.21 | 0% |
| 2027 | $279.51 | $304.65 | 0% |
| 2028 | $329.78 | $359.44 | 0% |
| 2029 | $389.09 | $424.08 | 0% |
| 2030 | $459.07 | $500.35 | 0% |
| 2031 | $541.63 | $590.34 | 0% |
| 2032 | $639.04 | $696.51 | 0% |
| 2033 | $753.97 | $821.77 | 0% |
| 2034 | $889.57 | $969.57 | 0% |
| 2035 | $1049.56 | $1143.94 | 0% |
Tesla (TSLA)
Tesla (TSLA) is one of the largest U.S. companies that designs and manufactures electric vehicles and energy accumulation and storage solutions. The company was founded in 2003, but went public only in 2010. In the 12 years, the corporation stock price grew by 4,800%, beating the growth rates of General Motors and Toyota.
The stock price surged in 2020-2021. The shares of the corporation grew in price by nearly 800% in 2020 alone. At the time, when many car manufacturers were suffering losses due to the pandemic, Tesla increased its output of electric vehicles by 71%. The price chart of the company is not perfect, mostly due to the corporate scandals. The price moved away from its all-time highs and investors are now interested whether Elon Musk’s corporation will be able to show the same rapid growth again.
Tesla (TSLA) price prediction 2024, 2025, 2030
| Year | Price in the middle of the year | Price at the end of the year | Year-end price change, % |
|---|---|---|---|
| 2024 | $228.32 | $258.98 | 0% |
| 2025 | $289.63 | $328.52 | 0% |
| 2026 | $367.4 | $416.73 | 0% |
| 2027 | $466.05 | $528.62 | 0% |
| 2028 | $591.19 | $670.56 | 0% |
| 2029 | $749.93 | $850.61 | 0% |
| 2030 | $951.29 | $1079.01 | 0% |
| 2031 | $1206.72 | $1368.73 | 0% |
| 2032 | $1530.74 | $1736.25 | 0% |
| 2033 | $1941.76 | $2202.45 | 0% |
| 2034 | $2463.14 | $2793.83 | 0% |
| 2035 | $3124.52 | $3544 | 0% |
Facebook (META) stock review
Facebook (META) is a technology corporation, a leader of the segment of innovative technologies that is developing and launching products in the areas of communications, virtual and mixed realities, software and hardware products. In October 2021, the company, formerly Facebook, changed its name to META and set on a course of development of the Metaverse. The corporation’s structure includes Oculus, one of the top AR/VR developers. The corporation is also involved in development of proprietary cryptocurrency platforms.
Facebook (META) price prediction 2024, 2025, 2030
| Year | Price in the middle of the year | Price at the end of the year | Year-end price change, % |
|---|---|---|---|
| 2024 | $496.2 | $528.52 | 0% |
| 2025 | $560.83 | $597.35 | 0% |
| 2026 | $633.87 | $675.15 | 0% |
| 2027 | $716.43 | $763.09 | 0% |
| 2028 | $809.74 | $862.47 | 0% |
| 2029 | $915.2 | $974.8 | 0% |
| 2030 | $1034.4 | $1101.76 | 0% |
| 2031 | $1169.12 | $1245.26 | 0% |
| 2032 | $1321.39 | $1407.44 | 0% |
| 2033 | $1493.49 | $1590.75 | 0% |
| 2034 | $1688 | $1797.93 | 0% |
| 2035 | $1907.85 | $2032.09 | 0% |
Best Growth Stocks to Buy Now Compared
Investors have many options when selecting the best growth stocks to buy now. But with so many stocks on the market, how do you decide which ones are the best growth stocks for you? Here, we’ll compare and contrast the top growth stocks to invest in.
| Current Price | 1 m performance | 1 y performance | ||
|---|---|---|---|---|
| Amazon (AMZN) | $178.8 | 9% | 38% | Buy Now |
| AMD (AMD) | $144.24 | 13% | 39% | Buy Now |
| Facebook (META) | $439.02 | 0.8% | 19% | Buy Now |
| Google (GOOGL) | $163.76 | 6% | 20% | Buy Now |
| Microsoft (MSFT) | $394.9 | 11.5% | 19.95% | Buy Now |
| Netflix (NFLX) | $551.6 | 1.2% | 9% | Buy Now |
| Tesla (TSLA) | $179.99 | 16% | 32% | Buy Now |
| Visa (V) | $267.29 | 14% | 22% | Buy Now |
| Alibaba (BABA) | $75.5 | 16% | 39% | Buy Now |
| Shopify (SHOP) | $70.39 | 18% | 34% | Buy Now |
What Are The Best Long-Term Growth Stocks to Choose?
There are many options to choose from when investing in the stock market. When the market is in a bear phase, buying growth stocks can be a great way to protect your portfolio against losses.
Several factors significantly affect the price of growth stocks and make them an attractive investment. These include:
1. Earnings Growth
A company’s earnings growth rate is one of the most important indicators for assessing its potential as a long-term growth stock. Companies with strong and consistent earnings growth will typically have more potential for appreciation of their stock prices.
2. Market Capitalization
A company’s market capitalization, or the total value of all its outstanding shares, can impact its potential for future gains. Larger companies typically have better financial resources to develop new products and services, leading to higher growth potential.
3. Risk Profile
A risk profile plays an important role in determining whether a company’s stock is worth investing in. Companies with lower risk profiles perform better over the long term due to reduced volatility and better protection from unforeseen events that may negatively impact their business performance.
4. Financial Health
Strong financial health is essential for any successful business, which also applies to growth stocks. Companies that demonstrate sound financial health are more likely to fund further research and development initiatives, enabling them to achieve higher growth rates.
Is it A Good Idea to Buy Growth Stocks Now?
Now is an exciting time to invest in growth stocks. With the right strategy, you can reap the rewards of substantial capital gains over the next ten years. Here are some pros and cons when deciding if now is the right time to buy growth stocks.
Pros
1. A Solid Investment:
Growth stocks are a solid investment option for those looking to make long-term gains. The stocks that have proven to be the best growth stocks over the last ten years have typically had consistent growth in revenue, earnings, and other fundamentals.
2. Diversified Portfolio:
Buying growth stocks can help diversify your portfolio, helping reduce risk and providing more stability in the long run.
3. Maximum Return:
Growth stocks often offer a maximum return for patient investors. Although it takes time for these stocks to appreciate, they do so over the long haul.
4. Low Volatility:
Growth stocks tend to be less volatile than other types of stocks, providing an added layer of security when investing.
Best Stock Signals - Top 7 ProvidersCons
1. High Entry Cost:
Investing in growth stocks can be expensive since these stocks are typically more expensive than other stocks. This option can make it difficult for smaller investors to get in on the action.
2. Long-Term Commitment:
As with any stock, buying growth stocks means committing to the long haul. If you can’t wait for the stock to appreciate, you may be better off investing in other securities.
When to Buy Stocks For The Long Term?
Successful investors adopt a strategy when buying stocks. Here are three models when looking for top stocks to buy.
Buy during the bear market to sell in the bull cycle
Employing this model, the investor strategically purchases stocks that appear best suited to make a quick profit. This approach involves building up one's portfolio bit by bit during bearish markets and then selling those same stocks at a higher price when the bull cycle begins in the financial sector.
The Warren Buffett style
As a renowned investor, Warren Buffett has mastered the art of stock selection. He meticulously assesses each company he invests in and purchases the best stocks at rock-bottom prices. This strategy ensures that he holds onto his investments until they reach maximum potential - only selling them when fundamentals change.
Short-Term Speculations
This approach involves studying the short-term fluctuations in prices and making quick decisions on when to buy or sell a stock. Experienced traders rely on technical analysis, news updates, and market sentiment to identify entry points when investing in stocks for a profit.
How to Invest in Stocks for Beginners with Little MoneyAre Long-Term Growth Stocks Investments Worth It?
Growth stocks typically offer higher return potential than traditional investments, making them attractive to investors who want to make the most of their capital.
There are several pros and cons associated with investing in growth stocks that you should consider when deciding whether to invest in them.
Pros
1. Flexible pricing options
Most growth stocks have flexible pricing options, which allow you to customize your purchase depending on your goals and risk tolerance level.
2. Potential for dividend income
Many growth stocks provide dividend income, giving investors another source of income besides capital gains.
3. Liquidity
You can liquidate growth stocks quickly, allowing you to cash out when needed without incurring too much penalty in terms of transaction costs or taxes.
Cons
1. Risky investments
As with any investment, growth stocks can be risky, particularly since they involve buying stocks with a greater chance of failure or significant losses.
2. Constant monitoring
Due to the volatile nature of growth stocks, investors need to monitor their investments closely to take advantage of any potential gains or limit losses.
Investing in long-term growth stocks is certainly worth it for investors who are patient enough and have a low appetite for risk when managing their finances!
Best Brokers To Buy Growth Stocks
Summary
Now that you’ve read about the top 10 growth stocks to buy, you’re better informed on which investments are the best for capital gains in 2023. Investing in growth stocks will allow you to take advantage of the market and maximize your returns over the next ten years. Whether you’re looking for the best growth stocks to buy or long-term growth stocks to invest in, these stocks are sure to be a great addition to your portfolio.
FAQs
What are the 3 best blockchain stocks?
Nvidia
Block (Formerly Square)
Accenture
What are the best growth stocks to buy for capital gains in 2024?
You should consider investing in stocks that have the potential to increase their value significantly over time.
How do I determine which stocks offer the best return on investment?
When researching potential investments, you should consider factors such as stock market performance, economic outlook, and industry trends.
How do I reduce my risk when investing in growth stocks?
Investing in a diverse portfolio is essential to mitigating the risk associated with individual stocks.
Are there any strategies for successfully trading growth stocks?
Yes! A comprehensive understanding of technical analysis tools can be beneficial for successful trading.
Team that worked on the article
Ivan is a financial expert and analyst specializing in Forex, crypto, and stock trading. He prefers conservative trading strategies with low and medium risks, as well as medium-term and long-term investments. He has been working with financial markets for 8 years. Ivan prepares text materials for novice traders. He specializes in reviews and assessment of brokers, analyzing their reliability, trading conditions, and features.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).