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. (NASDAQ:AGYS) 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. (NASDAQ:AGYS) 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. (NYSE:AD) 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. (NASDAQ:AAON) 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. (NASDAQ:ACMR), 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. (NASDAQ:ALGM) develops and manufactures sensor integrated circuits and application-specific analog power ICs.
While we acknowledge the potential of ALGM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ALGM and that has 100x upside potential, check out our report about the cheapest AI stock.
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