Top Performing Growth Stocks

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Contributor, Benzinga
July 15, 2024

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Investors seeking long-term returns may want to consider growth stocks. These investments have revenue and earnings growth. Some of these companies offer stability, while other growth stocks offer investors a high-risk, high-reward proposition. The best growth stocks can outperform the market. This guide covers some of the top growth stocks to consider.

Deep Dive

Investors looking for growth stock ideas may want to consider these investment opportunities.

1. Celsius Holdings Inc. (NASDAQ: CELH) 

Celsius Holdings is one of the top stocks in the market. Shares aren’t cheap, as the stock currently has a forward P/E ratio of 145. However, the business model is in a high-growth mode and can reward long-term investors. 

2. MercadoLibre Inc. (NASDAQ: MELI)

MercadoLibre is an Argentine e-commerce and fintech company that has delivered exceptional gains for long-term investors. MercadoLibre doubled its net income in the second quarter and also reported 31.5% year-over-year revenue growth. Like Celsius Holdings, MercadoLibre is not a cheap stock.

3. Fortinet Inc. (NASDAQ: FTNT)

Fortinet is a cybersecurity company that offers software for companies that want to strengthen their online security. Cyberattacks are projected to cost companies $10.5 trillion annually by 2025.

4. Procter & Gamble Co. (NYSE: PG)

Procter & Gamble sells essential products and has been resilient against recessions. Although a company offering razors, laundry products and other resources may not be on the top of the list for growth stocks, shares have gained. Procter & Gamble doesn’t have as much runway as some of the other growth stocks on this list, but it may be less risky.

5. Costco Wholesale Corp. (NASDAQ: COST)

There are plenty of growth stocks that aren’t tech companies, and Costco fits the bill.

6. Microsoft Corp. (NASDAQ: MSFT)

Microsoft is a tech conglomerate with exposure to many industries. The company is working on the finishing touches of its Activision acquisition, which will expand the company’s presence in the video game industry. Microsoft also has a large share of the PC market, and Microsoft Azure has been a revenue and profit engine for the company.

7. Palo Alto Networks Inc. (NASDAQ: PANW) 

Palo Alto Networks is another cybersecurity stock that is a leader in the industry. Shares have surged over the past five years, and the company has reported exceptional revenue and earnings growth over the years. Macroeconomic headwinds can challenge the company’s growth prospects in the short term, but the cybersecurity industry and its leaders may have a bright future.

8. Broadcom Inc. (NASDAQ: AVGO)

Broadcom is one of the best stocks in the market because of the company’s high revenue growth, net income growth, profit margins, appreciation and dividend growth rate. The company has more than doubled its dividend payout over the past five years, and the stock has almost quadrupled within that timeframe. The recent AI boom has helped Broadcom’s stock price since the company is poised to be a top beneficiary of the rising demand for AI chips. Broadcom has a long history of rewarding investors and has a reasonable valuation that suggests long-term investors will be rewarded for holding onto shares.

9. Visa Inc. (NYSE: V) 

Visa makes money from credit card transactions and has more credit cards in circulation and purchase volume than any other issuer.

10. Cisco Systems Inc. (NASDAQ: CSCO)

Cisco has been a slow-moving growth stock relative to some of the other choices. However, the business model is on the upswing. The company’s exposure to cybersecurity, software and cloud computing can help the stock flip the narrative.


Investors flock to growth stocks to maximize their returns. While some of these stocks are risky, they have the potential to generate higher returns than blue-chip stocks that are more mature companies. Mature companies don’t have as many opportunities that can drive meaningful revenue and earnings growth for investors.

Where to Buy

Investors can pick growth stocks that they believe will increase their returns. However, if you have been using the same broker for many years, you may not know about better options. If you’re new to investing, it’s important to pick your broker carefully to get the most features and save on fees. These are some of the top brokers to consider. 

Frequently Asked Questions 


What are the best stocks for long-term growth?


The best stocks for long-term growth depend on your risk tolerance and what you want from a stock. Some investors look for high revenue growth stocks without much regard for net income. Other investors look for stocks that combine respectable revenue growth with net income growth.



What is the best stock to hold for 10 years?


The best stock to hold for 10 years depends on your risk tolerance. Of the stocks on this list, Celsius Holdings has outpaced the other stocks over the past five years.



What happens if I hold stock for 10 years?


If you hold a stock for 10 years, you may experience higher returns, but high returns are not guaranteed. The amount of returns you generate depends on the companies you invest in.