10 Best Stocks to Invest in For the Long Term

2. Alibaba Group Holding Limited (NYSE:BABA)

5-Year Revenue Growth: 14.35%

Analyst Upside: 23.74%

Number of Hedge Fund Holders: 125

Alibaba Group Holding Limited (NYSE:BABA) is one of the best stocks to invest in for the long term. In a report released on July 24, Wei Fang from Mizuho Securities maintained a Buy rating on Alibaba Group Holding Limited (NYSE:BABA) with a price target of $149.00.

Alibaba Group Holding Limited’s (NYSE:BABA) financial results for the quarter and fiscal year ended March 31 reflected the positive effects of its ‘user first, AI-driven’ strategy.

Cloud Intelligence Group’s quarterly revenue growth rose to 18%, attributed to the strong demand for AI. AI-related product revenue attained triple-digit growth for the seventh consecutive quarter.

The company also reported a revenue growth of 7% and EBITA growth of 36% in the quarter.

Alibaba Group Holding Limited (NYSE:BABA) manages and provides technology infrastructure and marketing platforms. It operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others segments.