The Best Growth Stocks to Buy in 2024 for the Future

the best stocks for the future of the stock market

How We Chose Our Top Growth Stocks of 2024 List

Our analysts compiled a list of the best stocks for 2024 which we hope will soar higher throughout the year and lead to massive gains! When picking the best growth stocks to buy in 2024 we try to be as thorough as possible, looking at not only stock potential, but also the current macro environment needed for these stocks to thrive in the next 5-10 years. When you think about the stocks of the future, these are the type of companies we believe that will lead the way and become the best stocks to buy in 2024.

Our list below will include five companies that we believe are the best growth stocks to buy in 2024. We will include why we like these stocks in 2024, and even why we don’t like them. Our excitement for these stocks in 2024 is unmatched and look forward to seeing how they perform in the future of the stock market.

Best Stocks of 2024:


At the top of our list is “the AWS of fintech” SoFi Technologies Inc. Stock Ticker: SOFIbest growth stock for the future sofi

Why we like SoFi stock:

SoFi is an emerging leader in the fintech space, they are on the path to profitability this in 2024.

SoFi is one of the most exciting companies in the world right now. Their acquisitions of Galileo and Technisys will pay dividends in the future of the company. SoFi is currently stealing market share from the big banks and advertising their services to a younger generation. You may think a bank that isn’t a typical brick and mortar business wouldn’t be able to gain such popularity, however, SoFi has shown that the world is changing for the better.

SoFi offers a massive line up of financial products and services. They offer the standard checking and savings accounts, while also offering home lending, personal lending, student loan refinancing and even a growing investment platform. Did we also mention that they offer a credit card where you can use your cash back points to add money to your checking, savings or even invest account.

Another random thing we like about SoFi stock is that the holding the naming rights to a beautiful football stadium in Los Angeles, California which will host the summer olympics in 2028 as well as future Superbowl games and college football championships. Many people don’t know this, however, SoFi members get exclusive perks during NFL games like 25% cash back rewards, express entry, and VIP access. This means that nearly every single person visiting SoFi stadium is most likely signing up on the SoFi app. This fact alone holds massive potential.

If you believe that the younger generation is tech savvy and will want a bank that matches that, you want to be investing in SoFi stock.

Why we don’t like it:

It’s no secret that SoFi is in a competitive space. Other names like Paypal, Square, Robinhood and Nu holdings all could be major players in a growing fintech space.

Another reason to be wary of SoFi is the current high rate environment. However, SoFi has shown that they can grow each quarter no matter the current macroeconomics which looks promising.


Number two on our list is sports betting app DraftKings Inc. Stock Ticker: DKNGthe best stocks for the future

Why we like DraftKings stock:

It’s no secret sports betting is becoming popular in the United States of America. The Online Sports Betting market in the United States is anticipated to achieve a revenue of US$9.65 billion by 2024. We believe DraftKings is at the forefront of that growth, the stock is currently up nearly 15% YTD and a staggering 155% in the last year alone.

DraftKings lets their marketing do the talking, they are the most recognizable name in the sports betting space. DraftKings is forecast to grow earnings and revenue by 61.6% and 16.9% per annum respectively. EPS is expected to grow by 63.3% per annum. DraftKings is also partnering up with Barstool sports which is a direct voice to the younger demographic (college kids).

Currently, sports betting is only legal in a certain number of states in the U.S. DraftKings is currently live in than half of the states in the U.S. We expect that number to continue growing throughout 2024 and beyond as more states legalize sports betting.

If you believe sports betting will continue growing, you want to be investing in DraftKings stock.
Why we don’t like it:

Sports betting is a competitive space, names like FanDuel, ESPN BET, and of course all of the casinos such as MGM getting in on the action. The world of gambling is a cut throat business. DraftKings success will depend on if they can break away from the other players and become the number one name in sports betting.

Continued sports betting legislation may make it difficult for more states to legalize gambling. States such as California and Texas are currently against sports betting, which means DraftKings cannot reach a large demographic of potential customers.


Sitting number three on our list is artificial intelligence stock Palantir. Stock Ticker: PLTRthe best stocks in 2024

Why we like Palantir stock:

This may be one of the most exciting names on this list and one we believe has the largest potential for growth over the next 10 years. Palantir is at the forefront of artificial intelligence software in the commercial market as a growth driver. Palantir has already mined the AI opportunity with government customers for intelligence gathering, counterterrorism and military purposes. 

Palantir is stepping up its efforts in artificial intelligence with its new Artificial Intelligence Platform (AIP), which was released earlier in 2023. The AIP allows its customers to use the power of large language models like ChatGPT to process the datasets that Palantir helps manage. At the time of the launch, Palantir said it was seeing substantial demand for software that can help large organizations leverage the power of new generative technologies.

Another exciting thing about PLTR stock is that Palantir also reported its fourth straight quarter of positive net income under generally accepted accounting principles (GAAP), making it eligible to join the S&P 500. This will bring a whole new influx of large buyers into the stock.

If you believe artificial intelligence is the future of our planet, you want to be investing in Palantir stock.

Why we don’t like it:

The largest red flag regarding Palantir stock is their slow growth rate of 19.80%, this is much lower than other competitors in this space. If Palantir wants to continue demanding a high valuation, their growth rate will need to rise in 2024.


Sitting at number four is a fast growing chip maker, Super Micro Computer Inc. Stock Ticker: SMCIbest stocks for the future

Why we like SMCI stock:

What is there not to like about SMCI stock? The stock is up over 500% in the past year alone. This is due to their insane growth rate and of course dramatic upward guidance revisions will also boost your stock up.

Okay, so we know SMCI is growing like crazy, but what does SMCI actually do? SMCI builds custom server racks using other companies hardware and components.

What does this mean for business? Well, AI companies will need copious amounts of data and GPUs, it just so happens that Super Micro’s server racks have a vital role in enabling these computational requirements.

We will put it to you this way, SMCI is currently building and operating in a way that no one else does. The type of server racks they build are tremendous in value and they are working at capacity. They are growing so fast and will continue growing in capacity to deliver more products and services to more customers. They partner with the likes of Nvidia which is also another beast in its own right (NVDA stock is up 200% in the last year alone).

If you believe in information technology solutions and artificial intelligence, you want to be investing in SMCI.

Why we don’t like it:

They are in one of the most competitive spaces in the world and although they don’t currently have much competition, they inevitably will one day.

We unfortunately have to bring it up, any stock up over 500% in the last year needs to be looked at carefully, you never want to buy the top of the hype. We know that many long term investors will avoid a company that has already 5x in the last year even if they will continue growing.


Last but certainly not least on our list is the worlds most valuable company Microsoft Corp. Ticker: MSFTbest stocks for the future of ai

Why we like Microsoft stock:

Microsoft may be the best position company in the world right now. They have a wide moat, with a large lead in the artificial intelligence space. The reason why we love all types of AI stocks is that their is virtually no ceiling to growth.

We love Chat GPT, did you know that Microsoft owns 49% of it? The only way to technically invest into Chat GPT is to buy Microsoft stock. One of the most valuable and promising artificial intelligence companies in the world right now is OpenAI, and they will likely have GPT-5 next year – which is exciting to investors.

Microsoft announced its intent to acquire Activision Blizzard for $68.7 billion in an all-cash deal, or approximately $95 per share. This will allow them to get into the ever-growing gaming space. The main reason we love Microsoft is you can look at almost any growing industry and they are there.

Microsofts business model consists of: cloud services, office products, windows, Activision blizzard, Linked In, Xbox, Open AI, Bing, Enterprise & devices. They are in basically every online service you can imagine, and a leader at that.

If you believe in the future of big tech dominating our world, you want to be investing in MSFT.

Why we don’t like it:

One reason we are wary of Microsoft is that all big tech names seem to be leading this massive rally currently to all time highs on the S&P 500. Could we see a downturn in the market, it’s possible those big tech names could get the brunt of it.

Another reason we are wary of MSFT is that they are so spread out with many different services and competitors. We don’t know if the company is being spread too thin while dominating so many different spaces.

The Final Word

We believe all of these companies will hold an important part of the future. Whether it’s the future of banking, the future of sports betting, the future of artificial intelligence, the future of GPUs, or the future of big tech, you want to be holding the stocks on this list going into 2024 and beyond.

There are many growing companies that didn’t make our list, there are just so many promising businesses out there, please always do your own due-diligence when investing in the stock market. Although we believe these are the best stocks in 2024, nothing is promised in the market and ever single investor should research each company before investing money.

Join the Exclusive Community Today!

Join now