7 Best Revenue Growth Stocks to Buy According to Analysts

5. NVIDIA Corporation (NASDAQ:NVDA)

Average Price Target Upside: 23.56%

5-Year Revenue CAGR: 56.73%

Number of Hedge Fund Holders: 179

NVIDIA Corporation (NASDAQ:NVDA) specializes in graphics, computing, and networking solutions. Established in 1993, the company initially carved out a niche with its pioneering graphics processing units (GPUs), which excel at handling multiple tasks simultaneously.

The innovation has made it a critical player not only in the gaming industry but also in sectors such as professional visualization, data centers, and automotive markets. The company operates through two main segments, Graphics and Compute & Networking.

The Graphics segment includes GeForce GPUs and the GeForce NOW game streaming service, while the Compute & Networking segment features data center platforms and advanced AI software.

Its stock has received a consensus Strong Buy rating from 64 analysts. As of September 27, the average price target of $150.00 has an upside of 23.56% from current levels. It ranks 5th on our list of the best revenue growth stocks to buy according to analysts.

In 2023, NVIDIA (NASDAQ:NVDA) captured an impressive 94% market share in AI server sales as per Mizuho Securities analyst Vijay Rakesh’s estimates, which reinforces its dominance in the rapidly growing AI GPU market.

The company’s data center revenue has surged at a rate significantly outpacing that of competitors, which show a strong demand for its products. Customers are actively seeking NVIDIA’s Hopper AI GPUs, which are expected to be succeeded by the next-generation Blackwell chips. The demand for these upcoming processors is projected to surpass supply through 2025, which is a sign of a strong pipeline for future revenue.