Economists around the world are expecting U.S. economic growth to slow in coming quarters, as elevated interest rates and rising consumer debt weigh on the economy. It may become difficult for investors to find reliable growth stocks to buy if interest rates remain at 23-year highs for an extended period. Nevertheless, growth stocks outperformed value stocks in 2023, and that trend has continued so far in 2024 as investors anticipate a Federal Reserve pivot to rate cuts.

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Here are 10 of CFRA analysts' top growth stocks that have reported at least 15% annual revenue growth in the past three years:

*Based on current CFRA 12-month target prices

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High-end semiconductor maker Nvidia has been one of the most spectacular growth stories in the entire stock market in the past 15 years. Nvidia's growth numbers have wowed Wall Street, especially for a company of Nvidia's size. Nvidia's revenue grew 265% year over year in the fourth quarter, while its net income skyrocketed by 769%. Analyst Angelo Zino says unprecedented demand for artificial intelligence technology and cloud infrastructure, coupled with Nvidia's impressive product pipeline, suggest the stock still has upside. He projects 80% revenue growth in fiscal 2025. CFRA has a "buy" rating and $1,000 price target for NVDA stock, which closed at $942.89 on March 22.

Alphabet is one of........

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