Geoffrey Seiler, The Motley Fool

Wed, Jun 11, 2025, 4:45 AM5 min read

• Amazon continues to have strong growth ahead in its e-commerce and cloud computing businesses.

• Toast is seeing strong growth as its innovation continues to attract new customers.

• E.l.f Beauty's acquisition of Rhode looks like a game-changer.

• 10 stocks we like better than Amazon ›

After a choppy start to the year, the market appears to be finding its footing. With investor sentiment stabilizing, now looks like a good time to scoop up some high-quality growth names with strong upside potential in 2025 and beyond.

Here are three growth stocks that could gain some serious momentum in the months and years ahead.

Despite being a $2 trillion-plus market-cap stock, Amazon (NASDAQ: AMZN) is still a compelling growth stock. While best known for its e-commerce business, Amazon is also a leader in cloud computing, digital advertising, and, increasingly, artificial intelligence (AI). Despite a recent rally off its lows, the stock still trades at one of the most attractive valuations in its history.

Amazon's biggest growth driver today is AI, which it is using across its businesses to improve efficiency and help drive growth. In its e-commerce segment, it is using AI to help optimize delivery routes, automate warehouse operations, and even reduce returns by identifying damaged items before they ship. This is driving strong operating leverage, with North America operating income climbing 16% in Q1 on just 8% revenue growth. Meanwhile, it is also using AI to improve how third-party sellers create product listings. It is also helping these merchants to better target consumers through its fast-growing sponsored ads platform.

Meanwhile, its cloud computing business, Amazon Web Services (AWS), remains its most profitable and fastest-growing segment. Customers are building AI models using AWS tools like Bedrock and SageMaker, which are then run on its infrastructure. Amazon has also built its own custom AI chips to make its infrastructure more cost-efficient and give it a competitive edge.

Risks remain, including tariff headwinds and the chance that Amazon could overbuild its AI infrastructure. That said, the company has a long track record of investing aggressively in major growth trends and coming out the other side a stronger company. As such, Amazon still looks like a great growth stock to own.

If you've recently visited a local restaurant, there is a good chance you've come across Toast's (NYSE: TOST) point-of-sale systems. However, the company has expanded well beyond payment processing, and today, it offers an all-in-one platform that helps restaurants run their businesses more efficiently.