The "Magnificent Seven" stocks are hogging the stock market's spotlight these days. That makes perfect sense, of course. They are seven of the largest stocks by market value and among today's most exciting growth stocks.

But this list won't be the talk of Wall Street forever. Most of them also had membership cards to the older FANG group, which Jim Cramer defined in 2013 and expanded to FAANG four years later. But and Nvidia were minnows then, with market caps below $10 billion. Whoever joins the next snappily named list of elite growth stocks could be a much smaller company with big dreams right now.

On that note, let me show you an ambitious growth stock that could join the next market-defining club. I'm looking for massive target markets, a modest market cap, and aggressive dreams of long-term growth. Here's how the innovative insurance specialist Lemonade (NYSE: LMND) checks every box.

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Source Fool.com