20 Best-Performing Growth Stocks for May 2024

Growth stocks have faster bottom-line growth than the market. Here are some of the best-performing growth stocks this week.
Sam Taube
By Sam Taube 
Edited by Pamela de la Fuente

Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.

The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.

MORE LIKE THISInvestingStocks

If you’ve heard the term “growth stocks” before, there’s a good chance that it was referring to large technology companies such as Apple, Microsoft, Amazon, Tesla or Alphabet.

These are the five most heavily weighted components of the S&P 500 index, so they have an outsized influence on the overall movement of the stock market.

However, not all growth stocks are technology stocks. Over the last decade, tech stocks have performed particularly well, leading the S&P 500 to weight them more heavily. But growth stocks can be in the health care sector, the financial sector or any other sector. What defines them is, well, growth.

What is a growth stock?

Growth stocks are stocks of companies whose revenue is growing faster than average. Growth stocks typically don’t pay dividends, reinvesting profits into their growth instead. Investors buy growth stocks with the hope share prices will rise quickly.

Growth stocks are often contrasted with income stocks, which investors buy for their consistent dividend payments, and value stocks, which investors buy in the hope that their prices will rebound from a recent setback.

NerdWallet rating 


NerdWallet rating 


NerdWallet rating 





per online equity trade



per trade for online U.S. stocks and ETFs



per share; as low as $0.0005 with volume discounts

Account minimum 


Account minimum 


Account minimum 




no promotion available at this time



no promotion available at this time



US resident opens a new IBKR Pro individual or joint account receives 0.25% rate reduction on margin loans. Tiers apply.

Best-performing growth stocks

Below is a list of the top U.S.-listed growth stocks, ordered by one-year performance. To compile this list, we take into account the growth rates of revenue and earnings over the past year and prior year, as well as price-to-earnings ratios and dividend yield over the past year.

Data missing below?
Register for a NerdWallet account to immediately gain access to the full table.


Performance (Year)











Celestica, Inc.


Lifeway Foods, Inc.


Palantir Technologies Inc


MakeMyTrip Ltd


Crowdstrike Holdings Inc


Paymentus Holdings Inc


Universal Technical Institute Inc


Celsius Holdings Inc


Uber Technologies Inc


Vital Farms Inc


Royal Caribbean Group


Tidewater Inc.


Nu Holdings Ltd


Construction Partners Inc


Medpace Holdings Inc


Already a NerdWallet member? Sign in here and you'll be redirected back to this page to access the full stock data.

Source: Finviz. Stock data is current as of May 1, 2024, and is intended solely for informational purposes.

» Check out our roundup of the best online brokerages for stock trading

How to find growth stocks

You can identify growth stocks using a free stock screener like Finviz — that's how we compiled the list above.

It can be helpful to do some holistic research when trying to identify potential growth stocks: What are the larger market trends? What industries do you predict will go through significant periods of growth over the next few months or years?

A great example of this type of market growth is the AI industry. Over the last few years, AI technology has become widespread, and many AI stocks have massively increased in value. But the problem with investing in any singular stock is that you have to see those trends coming before they happen — and people, even professional investors — are statistically unlikely to accurately predict the future.

To easily find growth stocks with a screener, filter for high earnings per share (EPS) growth and revenue growth (sometimes called sales growth). You can also screen for high price-earnings (PE) ratios and non-dividend-paying stocks — as we did above — to further refine your search to growth stocks that have share price momentum and are aggressively reinvesting money in their own growth.

Should you buy growth stocks?

That depends on you and your investing goals. The stocks above may be beating the market right now, but that doesn’t mean that you should go all-in on them. Past performance does not predict future performance, and picking individual stocks can be a risky business.

Many investors instead buy index mutual funds and exchange-traded funds, which bundle hundreds or thousands of stocks into a single investment. Index funds, by definition, don’t beat the market — they move with the market. But since most investors picking and choosing individual stocks underperform the market anyway, performing as well as the market tends to be the easier and more lucrative option.

The S&P 500 index, which contains roughly 500 of the largest publicly traded companies in the U.S., has returned an average of about 10% per year since 1926. That makes it a powerful tool for compounding wealth over the long term. However, it’s worth emphasizing that 10% is the average annual return of the index. In some years, the index does much better than that, but in other years, it does much worse.

Plus, the S&P 500 index features several of the growth stocks we mention here.

Track your finances all in one place
Find ways to invest more by tracking your income and net worth on NerdWallet.

During downturns, skilled stock pickers can theoretically outperform the market indexes by investing some of their money in individual companies that buck the negative trend, like the ones shown above. But be careful: Studies have shown that individual investors usually underperform the market indexes


Other investors harness the power of index funds and individual stocks with the “90/10 rule.” They invest no more than 10% of their portfolios in individual stocks and keep the rest in low-cost index funds.

Growth stocks vs. dividend stocks

One of the biggest differences between growth stocks and dividend stocks is that growth stock companies devote all their extra income to growing their business, which can increase the value of your stock, whereas dividend stock companies take their extra income and pay it out to investors in the form of dividends.

Video preview image

The author owned Alphabet stock at the time of publication.

NerdWallet rating 
Learn More

on Robinhood's website

Get more smart money moves – straight to your inbox
Sign up and we’ll send you Nerdy articles about the money topics that matter most to you along with other ways to help you get more from your money.
Nerdwallet advisors logo

Get a custom financial plan and unlimited access to a Certified Financial Planner™ for just $49/month.

    NerdWallet Advisory LLC