2 Growth Stocks Set to Skyrocket in 2026 and Beyond

Investing in the stock market has never been easy, but recent months have seen it become increasingly challenging. Investing in growth stocks can be quite risky in a volatile market, but the TSX has seen several growth stocks generate impressive returns this year. Canadians with a low tolerance for risk might want to steer clear of growth stocks. For those with faith that this year’s rally might not be over yet, there are stocks trading on the TSX that might be worth investing in right now.

Despite the ongoing uncertainty, there are companies with strong growth prospects, more market opportunities, and the kind of durable demand that indicate the ability to deliver outsized returns. Today, I will discuss two Canadian stocks that exhibit the ability to skyrocket in the next 12 months.

Celestica

Celestica Inc. (TSX:CLS) is a $64.8 billion market-cap tech stock, operating in the supply chain industry. It provides supply chain solutions to manufacturers and service providers worldwide. More recently, it has also entered the Artificial Intelligence (AI) space, with data centre solutions needed to meet the rising demand for AI.

AI-related spending by hyperscalers has been a key growth driver for the business, and it will continue to be through 2026 and beyond. The company expects its revenue to increase by over $6.5 billion this year and grow further in the next. Even if share prices might seem high right now, its growth prospects support this stock’s rally this year.

As of this writing, Celestica stock trades for $563.61 per share. Up by almost 230% from its 52-week low, Celestica stock might have far more upside in store for its investors.

Aritzia

Aritzia Inc. (TSX:ATZ) seems like an unlikely stock to discuss when talking about growth stocks, given the number of AI stocks in the market. However, it warrants a better look from growth-focused investors. The $19.9 billion market-cap company engages in designing apparel and accessories that it sells through various exclusive fashion brands under its belt.

The consumer discretionary space might not seem like a market set for growth amid the economic uncertainty these days, but Aritzia has shown an ability to do well regardless. The traffic across its physical and digital stores remains high, and it has a steady flow of new products in its lineup. As Aritzia continues expanding its footprint and deepening customer relationships, it looks well-positioned to provide growth for years to come.

As of this writing, ATZ stock trades for $173.20 per share. At current levels, it is up by 165.6%, and it does not look like it will slow down any time soon.

Foolish takeaway

While near-term challenges may persist, Celestica’s exposure to high-growth markets well-positions it to deliver substantial growth in the next few years. Aritzia might not be in a high-growth industry considering broader market trends, but it has displayed an ability to perform well under pressure. With several growth drivers in place, it can be a good investment to consider.

The post 2 Growth Stocks Set to Skyrocket in 2026 and Beyond appeared first on The Motley Fool Canada.

Should you invest $1,000 in Aritzia right now?

Before you buy stock in Aritzia, consider this:

The Motley Fool Canada team has identified what they believe are the top 10 TSX stocks for 2026… and Aritzia wasn’t one of them. The 10 stocks that made the cut could potentially produce monster returns in the coming years.

Consider MercadoLibre, which we first recommended on January 8, 2014 … if you invested $1,000 in the “eBay of Latin America” at the time of our recommendation, you’d have over $16,000!*

Now, it’s worth noting Stock Advisor Canada’s total average return is 91%* – a market-crushing outperformance compared to 87%* for the S&P/TSX Composite Index. Don’t miss out on our top 10 stocks, available when you join our mailing list!

Get the 10 stocks instantly #start_btn6 { background: #0e6d04 none repeat scroll 0 0; color: #fff; font-size: 1.2em; font-family: 'Montserrat', sans-serif; font-weight: 600; height: auto; line-height: 1.2em; margin: 30px 0; max-width: 350px; text-align: center; width: auto; box-shadow: 0 1px 0 rgba(0, 0, 0, 0.5), 0 1px 0 #fff inset, 0 0 2px rgba(0, 0, 0, 0.2); border-radius: 5px; } #start_btn6 a { color: #fff; display: block; padding: 20px; padding-right:1em; padding-left:1em; } #start_btn6 a:hover { background: #FFE300 none repeat scroll 0 0; color: #000; } @media (max-width: 480px) { div#start_btn6 { font-size:1.1em; max-width: 320px;} } margin_bottom_5 { margin-bottom:5px; } margin_top_10 { margin-top:10px; }

* Returns as of June 15th, 2026

More reading

• The AI Infrastructure Boom Is Just Getting Started: Here Are 2 Stocks to Buy
• 3 TSX Stocks That Could Benefit From Surging Data Centre Demand
• Interest Rates Aren’t Falling: Here’s What I’d Do With My TFSA
• How Investing $50,000 in These 3 Stocks Could Help You Reach $1 Million By Retirement
• 1 Canadian Stock for Growth, 1 for Value, and 1 for Dividends — All Worth Buying Now

Fool contributor Adam Othman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Aritzia. The Motley Fool recommends Celestica. The Motley Fool has a disclosure policy.