In this article, we will look at the 10 Best Long Term Growth Stocks to Invest In Now.
On July 1, Doug Clinton of Intelligent Alpha appeared on CNBC to talk about why tech may be primed for a correction. He was of the view that if we look back at the dot-com era, there were ten corrections of 10% throughout that 6-year period. There are a lot of comparisons that people make between the AI era now and the dot com era previously, and one of the things he has noticed studying the prior period is that when we get these periods after a strong run, which we have just had in the Nasdaq, you start to see some wobbles and some more “spiky volatility” where you have bigger day-to-day moves, a few percent up, a few percent down.
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He further stated that it often correlates with one of those 10% corrections moves, and so that is kind of what we are observing right now. Wapner also stated that he wouldn’t be surprised if we went all the way down; that 10% correction would be around 24,000 or so, a little higher than that in the Nasdaq.
With these broader market trends in view, let’s narrow down and look at the best long term growth stocks to invest in now.
Our Methodology
We used stock screeners and online media reports to identify the best long-term growth stocks with a 5-year EPS growth estimate of over 30%. We then selected the top 10 stocks most popular among hedge funds as of Q1 2026, using the hedge fund sentiment data from Insider Monkey’s database. The stocks are arranged in ascending order of hedge fund sentiment.
Note: All data was recorded on July 1.
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 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 Long Term Growth Stocks to Invest In Now
10. ASE Technology Holding Co., Ltd. (NYSE:ASX)
Number of Hedge Fund Holders: 23
ASE Technology Holding Co., Ltd. (NYSE:ASX) is one of the best long-term growth stocks to invest in now. BofA lifted the price target on ASE Technology Holding Co., Ltd. (NYSE:ASX) to $48 from $36 on June 24 and reaffirmed a Buy rating on the shares. The firm told investors that the company is positioned to benefit from the expansion of AI infrastructure across three major compute categories, which include GPUs, ASICs, and server CPUs, via its VIPack solution.
In its unaudited consolidated financial results for fiscal Q1 2026, ASE Technology Holding Co., Ltd. (NYSE:ASX) reported net revenues of NT$173,662 million for the quarter, up by 17.2% year-over-year and down by 2.4% sequentially. Management reported that net income attributable to shareholders of the parent for fiscal Q1 totaled NT$14,148 million, up from NT$7,554 million in fiscal Q1 2025 and down from NT$14,713 million in fiscal Q4 2025. In addition, basic earnings per share for fiscal Q1 2026 reached NT$3.24 (or US$0.205 per ADS), compared to NT$1.75 for 1Q25 and NT$3.37 for fiscal Q4 2025.
ASE Technology Holding Co., Ltd. (NYSE:ASX) provides semiconductor manufacturing services and is involved in the development and offering of complete turnkey solutions in IC (Integrated Circuit) packaging, front-end engineering testing, design and production of interconnect materials, wafer probing and final testing, as well as electronic manufacturing services.
9. Western Digital Corporation (NASDAQ:WDC)
Number of Hedge Fund Holders: 83
Western Digital Corporation (NASDAQ:WDC) is one of the best long-term growth stocks to invest in now. Cantor Fitzgerald lifted the price target on Western Digital Corporation (NASDAQ:WDC) to $900 from $660 on June 29 and reiterated an Overweight rating on the shares, telling investors in a research note that the AI infrastructure buildout is viewed as a generational semiconductor cycle that is both durable and extended by supply chain constraints. It further stated that expectations for faster-than-previously forecasted industry revenue expansion are reaching approximately $3 trillion by CY29 and potentially exceeding $3.5 trillion by CY30.
In another development, JPMorgan lifted the price target on Western Digital Corporation (NASDAQ:WDC) to $650 from $530 on June 12 and maintained an Overweight rating on the shares, telling investors in a research note that the firm is raising its earnings forecasts for the HDD companies primarily led by a more positive view on pricing, and in turn, the incremental margins that the companies are expected to report in the coming quarters.
Western Digital Corporation (NASDAQ:WDC) is involved in the development, manufacture, marketing, and sale of data storage devices and solutions.
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