In this article, we will look at the 10 Best Growth Stocks to Buy and Hold for the Next Decade.
On June 24, Dan Skelly, Morgan Stanley Wealth Management, appeared on a CNBC Television interview to discuss how investors should reposition for long-term compounding. He noted that although semiconductor and AI technology stocks have been trading well, Morgan Stanley has been assessing the risks around this crowded trade. He highlighted that research suggests some fundamental risks might be emerging, such as a pricing war among some large language model builders, a decline in rental prices for older GPUs, and a shift in tone by Microsoft, which suggests it is moving towards lower-cost models.
Skelly noted that all of these fundamental risks and recent market movements suggest that long-term investors should remain diversified by building positions in other growth areas. He highlighted that Morgan Stanley is advising wealth management clients to look at sectors such as healthcare, regional banks, and some good industrial stocks.
With that, let’s take a look at some of the Best Growth Stocks to Buy and Hold for the Next Decade.
Our Methodology
To curate the list of 10 Best Growth Stocks to Buy and Hold for the Next Decade, we used screeners to identify US-listed stocks with market caps over $2 billion and expected EPS growth of at least 30% over the next 5 years. These stocks are also popular among analysts and elite hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Insider Monkey’s quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).
10 Best Growth Stocks to Buy and Hold for the Next Decade
10. Agilysys, Inc. (NASDAQ:AGYS)
EPS Growth Next 5 Years: 38.40%
Number of Hedge Fund Holders: 18
Agilysys, Inc. (NASDAQ:AGYS) is one of the Best Growth Stocks to Buy and Hold for the Next Decade. Agilysys, Inc. (NASDAQ:AGYS) has gained more than 24% since fiscal Q4 2026 earnings, released on May 19. The gains have been driven by record quarterly revenue of $82.95 million, which exceeded expectations of $81.56 million. The EPS came in at $0.63 ahead of the expected $0.5.
Management attributed growth to 24.1% year-over-year growth in subscription revenue, which now comprises 68% of all recurring revenue. The company also announced its fiscal 2027 earnings guidance with full-year 2027 revenue expected in the range of $365 million to $370 million. The expectation is based on at least 30% growth in subscription software revenue.
That said, Agilysys, Inc. on June 11, announced that it will present three educational sessions at HITEC 2026. The sessions will be led by Senior VP and CMO Frank Pitsikalis and VP of Sales Engineering Thor Hansen. Moreover, the sessions will focus on how AI, connected data, and modern merchandising strategies can help hospitality businesses improve operations, personalize guest experiences, and grow revenue.
Agilysys Inc. caters to the hospitality industry by delivering software-based services and solutions. Its offerings include digital kitchen management services, online check-in and check-out services, solutions for property management, and more. Additionally, it also offers procurement and inventory management solutions.
9. Array Digital Infrastructure, Inc. (NYSE:AD)
EPS Growth Next 5 Years: 30.95%
Number of Hedge Fund Holders: 24
Array Digital Infrastructure, Inc. (NYSE:AD) is one of the Best Growth Stocks to Buy and Hold for the Next Decade. Recently, on June 1, Array Digital Infrastructure, Inc. (NYSE:AD) announced completing the sale of a portion of its spectrum license to Verizon for $1.0 billion. This follows a separate spectrum sale to T-Mobile for $168 million, covering 700MHz and 600MHz bands in May.
Management noted that these transactions are part of the company’s broader strategy, announced in May 2024. As per this strategy, the company plans to monetize remaining spectrum assets following the sale of its T-Mobile wireless operations, which closed in August 2025.
The sale followed a special cash dividend announcement from the Board of Directors of $11 per share, payable June 25, 2026, to shareholders of record as of June 11, 2026. The CEO of Array Digital, Anthony Carlson, called the transactions a significant milestone and reaffirmed the company’s commitment to returning value to shareholders through asset sale proceeds.
Separately, the Board’s special committee is still evaluating a non-binding acquisition proposal from Telephone and Data Systems, though no decision has been made.
Array Digital Infrastructure, Inc. formerly United States Cellular Corporation, is an owner and operator of shared wireless communications infrastructure in the United States. The Company, with over 4,400 cell towers in locations from coast to coast, enables the deployment of 5G and other wireless technologies throughout the country.
8. AAON, Inc. (NASDAQ:AAON)
EPS Growth Next 5 Years: 50.26%
Number of Hedge Fund Holders: 30
AAON, Inc. (NASDAQ:AAON) is one of the Best Growth Stocks to Buy and Hold for the Next Decade. AAON, Inc. (NASDAQ:AAON) has gained more than 38% since the release of its fiscal Q1 2026 earnings on May 7. The gains were driven by a robust earnings beat.
During the quarter, the company posted $496.94 million in revenue and surpassed the expectations of $383.6 million. The EPS of $0.48 also topped the expectations of $0.29. Management noted the quarterly performance was driven by the BASX brand, which reported an increase in sales of 72.4% to $228.6 million as liquid cooling demand for AI infrastructure continues to accelerate production throughput.
Separately, on June 2, the company’s CEO Matt Tobolski and CFO Andy Cheung presented at the William Blair Growth Stock Conference in Chicago, outlining the company’s strategic direction to investors. Management noted that AAON has positioned itself as a best-in-class HVAC manufacturer and highlighted expanded production capacity, upgraded systems, new product innovations, and a stronger supply chain and leadership team.
A core theme was the company’s dual-brand strategy, supported by a healthy order backlog and solid margins. The order backlog in Q1 2026 surged 107.4% year-over-year to a record $2.13 billion, driven primarily by a 160% increase in BASX-branded data center cooling orders.
AAON, Inc. manufactures customizable, high-performance HVAC solutions for commercial and industrial buildings, including rooftop units, chillers, and data center cooling systems.
7. ACM Research, Inc. (NASDAQ:ACMR)
EPS Growth Next 5 Years: 35.96%
Number of Hedge Fund Holders: 31
ACM Research, Inc. (NASDAQ:ACMR) is one of the Best Growth Stocks to Buy and Hold for the Next Decade. Recently, on June 18, Roth Capital raised the firm’s price target on ACM Research, Inc. (NASDAQ:ACMR) from $100 to $125 and maintained a Buy rating on the shares.
The updated price target comes after the company’s appearance at the 16th Roth London Conference, where management reaffirmed strong and continued demand for its tools in China, driven by the country’s push to grow its share of global semiconductor production.
The firm noted that they see a broader growth story taking shape beyond China. Roth Capital sees the company as well-positioned to expand through a range of emerging front-end and back-end semiconductor tools, signaling product diversification as a key driver. Moreover, the firm also highlighted ACM’s efforts to diversify its customer base beyond its core China market.
ACM Research Inc., together with its subsidiaries, develops, manufactures, and sells capital equipment in Mainland China and internationally. It also develops, manufactures, and sells a range of packaging tools to wafer assembly and packaging customers.
6. Allegro MicroSystems, Inc. (NASDAQ:ALGM)
EPS Growth Next 5 Years: 53.43%
Number of Hedge Fund Holders: 34
Allegro MicroSystems, Inc. (NASDAQ:ALGM) is one of the Best Growth Stocks to Buy and Hold for the Next Decade. Allegro MicroSystems, Inc. (NASDAQ:ALGM) has surged more than 124% over the past 6 months, hitting a new 52-week high. Most of the gains have been driven by robust fiscal Q4 2026 earnings and record data center demand.
Recently, on June 22, TD Cowen analyst Joshua Buchalter raised the price target on the stock from $55 to $70 and maintained a Buy rating on the shares. The firm updated its financial model based on growing confidence in Allegro’s long-term growth story. TD Cowen believes the market will increasingly recognize the company’s strong exposure to two powerful secular growth trends. Moreover, the firm sees Allegro well-positioned to deliver profitable mid-teens percentage growth over the long term.
Earlier, on June 18, Allegro MicroSystems announced the appointment of Brian C. White as an independent director on its Board, effective June 17, 2026. Management noted that White brings over 30 years of experience in the semiconductor and high-tech industries. He has served as CFO at several publicly traded chip companies, including Ambarella, Maxim Integrated Products, and Integrated Device Technology.
Allegro MicroSystems, Inc. develops and manufactures sensor integrated circuits and application-specific analog power ICs.
5. Adaptive Biotechnologies Corporation (NASDAQ:ADPT)
EPS Growth Next 5 Years: 34.42%
Number of Hedge Fund Holders: 39
Adaptive Biotechnologies Corporation (NASDAQ:ADPT) is one of the Best Growth Stocks to Buy and Hold for the Next Decade. On June 17, BTIG maintained a Buy rating on Adaptive Biotechnologies Corporation (NASDAQ:ADPT) with a $22 price target. The rating is based on two significant announcements from the company.
Firstly, Adaptive announced an upsized convertible notes offering of $300 million, up from the originally planned $250 million. Secondly, the company also revealed its plans to separate its MRD and immune medicine businesses. BTIG views both moves positively as it has long considered the immune medicine unit non-core, and believes spinning it off will help unlock greater value in the core MRD business.
The firm noted that while the shares of Adaptive dipped slightly due to technical nuances around the convertible notes offering, BTIG wasn’t concerned. In fact, the firm, after talking with management, came back reassured that both announcements reflect a position of strength, with strong momentum across all MRD applications.
Adaptive Biotechnologies Corporation is involved in the development of an immune medicine platform, with its services and products including immunoSEQ, clonoSEQ, cellular therapy, and vaccines.
4. American Airlines Group Inc. (NASDAQ:AAL)
EPS Growth Next 5 Years: 106.08%
Number of Hedge Fund Holders: 42
American Airlines Group Inc. (NASDAQ:AAL) is one of the Best Growth Stocks to Buy and Hold for the Next Decade. The stock has gained roughly 8% over the past 30 days, mainly driven by continued momentum from the company’s strong fiscal Q1 2026 earnings and strategic technology partnerships.
Recently, two Wall Street firms raised the price target on American Airlines Group Inc., however, both maintain a Hold rating. On June 16, Jefferies raised the price target on the stock from $13 to $15. Later on June 22, BofA also raised the price target from $14 to $16.
Jefferies analyst Sheila Kahyaoglu raised the price target after meeting with management. She noted that demand remains solid, with fares up 20% year-over-year and only modest customer churn. While BofA cited slightly higher valuation multiples across the airline sector as Q2 earnings approach, driven by strong demand and positive market performance. Both firms acknowledge the improving demand environment, hence increased price targets.
American Airlines Group Inc., through its subsidiaries, offers passenger and cargo air transportation services in the United States, Latin America, the Atlantic, and the Pacific. The company is located in Fort Worth, Texas and was established on December 9, 2013.
3. Astera Labs, Inc. (NASDAQ:ALAB)
EPS Growth Next 5 Years: 45.32%
Number of Hedge Fund Holders: 53
Astera Labs, Inc. (NASDAQ:ALAB) is one of the Best Growth Stocks to Buy and Hold for the Next Decade. Astera Labs, Inc. (NASDAQ:ALAB) has gained more than 37% over the past month driven by strong momentum from record Q1 2026 earnings and its recent addition to the NASDAQ-100 index.
The company joined the NASDAQ-100 index effective June 22, 2026. ALAB has benefitted from a surge in AI infrastructure demand. In fiscal Q1 2026, the company posted $308.36 million in revenue, reflecting 93% year-over-year increase. Management attributed the growth to be driven by robust demand for the PCIe 6 connectivity portfolio, which now accounts for over one-third of total quarterly revenue.
Recently, on June 4, Stifel reiterated a Buy rating on the stock with a price target of $260. The firm noted that the rating comes after investor meetings at its Cross-Sector 1-on-1 2026 conference in Boston. The firm met with former CFO and current Strategic Advisor Mike Tate, along with Head of IR Leslie Green, for a series of one-on-one investor discussions.
Stifel came back more positive on the company with three main takeaways. Firstly, the company’s total addressable market is broadening across its product portfolio. Second, the company’s optical roadmap represents a meaningful incremental opportunity that goes beyond its current market size estimates. And lastly, the overall demand environment remains healthy.
Astera Labs Inc. is a global semiconductor company that provides hardware and software solutions for AI and cloud infrastructure applications to solve memory, data, and networking bottlenecks. The company’s operations are divided into the following geographical segments: Taiwan, China, the United States, and Other.
2. Affirm Holdings, Inc. (NASDAQ:AFRM)
EPS Growth Next 5 Years: 154.46%
Number of Hedge Fund Holders: 61
Affirm Holdings, Inc. (NASDAQ:AFRM) is one of the Best Growth Stocks to Buy and Hold for the Next Decade. The Street is bullish on Affirm Holdings, Inc. (NASDAQ:AFRM), with analysts’ 12-month average price target suggesting more than 17.73% upside from the current levels. Moreover, 76% of the 33 analysts covering the stock maintain a Buy rating.
Recently, on June 15, Wells Fargo analyst Jason Kupferberg maintained a Buy rating on the stock with a price target of $89. Earlier, on June 4, William Blair also reiterated an Outperform rating on the shares without disclosing any price target.
Analyst Andrew Jeffrey described Affirm as one of William Blair’s top digital finance ideas, reflecting strong conviction in the company’s long-term growth story. The firm noted that Affirm is growing its share in the buy now and pay later market, which, as per the firm, still remains in the early development stage. William Blair sees Affirm on track to establish clear leadership within the massive US card payments market, estimated at roughly $9 trillion. The firm believes that this dominance will result in improved profitability and strong returns on invested capital.
Affirm Holdings Inc. operates a payment network across Canada, the United States, and internationally. The company’s platform includes a consumer-focused app, a point-of-sale payment solution for consumers, and merchant commerce solutions. Affirm Holdings, Inc. was incorporated in 2012 and is based in San Francisco, California.
1. Analog Devices, Inc. (NASDAQ:ADI)
EPS Growth Next 5 Years: 30.12%
Number of Hedge Fund Holders: 109
Analog Devices, Inc. (NASDAQ:ADI) is one of the Best Growth Stocks to Buy and Hold for the Next Decade. Analog Devices, Inc. (NASDAQ:ADI) has gained more than 60% over the past 6 months. ADI has benefitted from strong second-quarter earnings and robust demand from data centers.
The company posted fiscal Q2 2026 earnings on May 20. Revenue for the quarter reached $3.62 billion and surpassed the $3.5 billion expectations. The EPS of $3.09 also topped expectations of $2.91. The growth was driven by the Industrial business segment, which grew 56% year-over-year, while the communication segment saw a 79% year-over-year revenue increase, driven by a 90% jump in data center sales as demand for AI infrastructure continues to scale.
On June 8, BofA hosted 37 semiconductor management teams at its 2026 Tech Conference. The firm noted that while the supply is expanding rapidly, it still falls behind the surging demand. The firm noted Analog Devices, Inc. as one of the stocks under focus, as it has strong growth potential but has underperformed the SOX index year-to-date.
Analog Devices, Inc. designs, manufactures, tests, and markets integrated circuits, software, and subsystem products globally.
