Growth stocks are companies that are still in the process of evolving, which means there is plenty of room for expansion. However, not all growth stocks are capable of producing significant returns. Only a few companies that are part of rapidly growing, innovative industries have the potential to outperform the market in the long run. Plus, hypergrowth stocks also carry risks – and, as such, they’re better suited for investors with a strong risk appetite. Here are two top growth stocks trading for less than $40 per share that are focused on expanding their businesses and improving their fundam…