On Tuesday, September 16, stock prices moved a little lower as investors decided to take some profits ahead of the Federal Reserve interest rate decision.
The S&P 500 fell by 0.13% after reaching a new high earlier in the session. The Nasdaq Composite went down by 0.07%. The Dow Jones Industrial Average fell by 0.27%.
The Federal Reserve began a two-day meeting on Tuesday, which is expected to result in a rate cut for the first time since December. According to the CME’s FedWatch tool, interest rate futures see a 100% chance of at least a quarter-point rate cut.
Traders are also closely looking at the ongoing global trade discussions and new reciprocal tariffs, which are set to take effect in November.
The US Treasury Secretary, Scott Bessent, told CNBC that he expects more talks before the deadline. He said the Chinese feel a trade deal might be possible after US and Chinese officials concluded two days of talks in Madrid on Monday.
President Trump also gave a positive assessment of the trade talks, which helped US stocks go up. This pushed the S&P 500 to close above 6,600 for the first time on Monday.
During the talks, US and Chinese officials also reached a “framework” agreement for TikTok, which would allow the app to continue running in the US.
With this background in mind, let’s take a look at the 10 best NASDAQ stocks to buy for the long term.
Photo by Pascal Bernardon on Unsplash
Our Methodology
To compile our list of the 10 best NASDAQ stocks to buy for the long term, we looked for companies that are listed on the NASDAQ with a compound annual growth rate (CAGR) in revenue exceeding 15% over the past 5 years. To ensure the reliability of our findings, we consulted Seeking Alpha to confirm the 5-year revenue growth rate for each NASDAQ stock. Next, we focused on the top 10 stocks most favored by institutional investors. Data for the hedge fund sentiment surrounding each stock was taken from Insider Monkey’s Q2 2025 database of 983 elite hedge funds. Finally, the 10 best NASDAQ stocks to buy for the long term were ranked in ascending order based on the number of hedge funds holding stakes in them as of Q2 2025.
Why do we care about what hedge funds do? 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. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
10 Best NASDAQ Stocks to Buy For Long Term
10. Intuit Inc. (NASDAQ:INTU)
5-Year Revenue CAGR: 19.65%
Number of Hedge Fund Holders: 105
Intuit Inc. (NASDAQ:INTU) is one of the best NASDAQ stocks to buy for the long term. On September 15, Intuit Inc. (NASDAQ:INTU) announced the launch of Clair On-Demand Pay. This service is now available as part of the Intuit Enterprise Suite and QuickBooks Payroll on the Intuit platform.
Intuit Inc. (NASDAQ:INTU) has partnered with Clair, a fintech company that helps employees get early access to their earned wages. Companies using QuickBooks Online Payroll can now offer their employees the option to access a portion of their earnings before their scheduled payday.
The introduction of this new On-Demand Pay feature is part of Intuit Inc.’s (NASDAQ:INTU) effort to create an all-in-one business platform that supports the growth of small and medium-sized businesses.
Clair On-Demand Pay inside QuickBooks will not only help employees better manage their finances, but it will also allow small business employers to offer a benefit usually seen in larger companies. Intuit Inc. (NASDAQ:INTU) expects this offering to improve employee satisfaction and retention.
Intuit Inc. (NASDAQ:INTU) is an American multinational financial technology and business software company that offers a wide range of products and services.
9. Intuitive Surgical, Inc. (NASDAQ:ISRG)
5-Year Revenue CAGR: 15.98%
Number of Hedge Fund Holders: 107
Intuitive Surgical, Inc. (NASDAQ:ISRG) is one of the best NASDAQ stocks to buy for the long term. On September 10, Bank of America Securities reiterated a Buy rating on Intuitive Surgical, Inc. (NASDAQ:ISRG) with a price target of $650.
This decision comes in spite of Intuitive Surgical, Inc.’s (NASDAQ:ISRG) stock’s recent performance, which has showed weakness.
On September 4, Bernstein SocGen Group also reaffirmed an Outperform rating on Intuitive Surgical, Inc. (NASDAQ:ISRG) with a price target of $685. The firm believes the current stock price presents an “enhanced buying opportunity.”
Bernstein analysts noted that Intuitive Surgical, Inc. (NASDAQ:ISRG) has “five transformational product launches” that could cause the company’s stock to rise.
The firm also shared strong confidence in the company’s near-term earnings potential. Bernstein analysts said that Intuitive Surgical, Inc. (NASDAQ:ISRG) has “more upside to near-term EPS estimates” than any other stock the firm covers.
Overall, analysts are bullish on Intuitive Surgical, Inc. (NASDAQ:ISRG). The 12-month median price target of $597 set by analysts suggests a potential upside of 38% from the current stock price as of September 16.
Intuitive Surgical, Inc. (NASDAQ:ISRG) is an American medical device and technology company that designs and manufactures robotic-assisted surgical systems for physicians and hospitals to make surgery less invasive.
Hedge Fund Resource Center