In this article, we will take a look at the stocks with the best earnings growth for the next 10 years.
In today’s market, many investors are no longer focusing solely on returns over a few quarters. Instead, they are seeking a much bigger question: What will shape the economy over the next decade, and how can they position themselves early?
The next decade is likely to be shaped by some of the greatest structural trends in modern history, including AI, cloud computing, healthcare innovation, and cybersecurity. The real winners are companies that can deliver consistent earnings growth, driven by innovation, stronger execution, technological advancements, and differentiated business models.
On May 13, Reuters reported that Morgan Stanley has lifted its annual target for the S&P 500 index to better reflect the view that U.S. stocks can continue to rally on sustained earnings growth. For 2026, per-share earnings guidance was marked at $339 for S&P 500 companies, up 23% from the previous year. This is supported by expectations of efficiency gains from increased AI adoption and strengthened pricing power.
“Over the next 12 months, we see the rolling recovery continuing to progress, driven by a strong earnings environment as positive operating leverage persists and is further enhanced by AI adoption,” Morgan Stanley said.
While viewing inflation as a key threat to its stance, Morgan Stanley believes “resiliency in earnings data” backs their view. The firm raised its 2027 mid-year target for the benchmark index to 8,300, with EPS for the components pegged at $380 and $429 for 2027 and 2028, respectively.
With this view, we have compiled a list of the 10 stocks with the best earnings growth for the next 10 years.
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Our Methodology
For this article, we considered stocks with market capitalizations exceeding $2 billion. After this initial screening, we filtered for stocks with both forecasted EPS growth over the next 5 years and a return on equity of over 15%. We shortlisted stocks with at least 20% upside potential, and based on the number of hedge funds holding positions in these stocks. We limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. These stocks were then ranked in ascending order by the number of hedge fund holdings.
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. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
10. Airbnb, Inc. (NASDAQ:ABNB)
Number of Hedge Fund Holders: 80
On May 11, Trevor Young from Barclays lifted the price target on Airbnb, Inc. (NASDAQ:ABNB) from $122 to $125 and reiterated an Equal Weight rating. The firm’s estimate reflects a potential downside of approximately 7%.
Wall Street has turned more positive on Airbnb, Inc. (NASDAQ:ABNB) after its Q1 FY2026 results. The company delivered a strong 18% YoY revenue growth to $2.7 billion, surpassing expectations. Similarly, Gross Booking Value surged 19% YoY, thanks to robust demand and sustained pricing strength.
In response to these developments, Citizens analyst Matthew Condon raised the price target on Airbnb, Inc. (NASDAQ:ABNB) to $170 from $160 and maintained an Outperform rating. The firm believes there are several indicators that point to better revenue and earnings forecasts, particularly increased deployment of AI-driven search, global launch of Reserve Now Pay Later and related policies, a planned loyalty program, and a longer-term advertising opportunity that has the potential to contribute over $1 billion in incremental EBITDA.
Airbnb, Inc. (NASDAQ:ABNB), founded in 2007, is a California-based company operating a platform that connects hosts and guests to book stays and experiences.
9. Autodesk, Inc. (NASDAQ:ADSK)
Number of Hedge Fund Holders: 81
Saket Kalia, an analyst at Barclays, trimmed the price target on Autodesk, Inc. (NASDAQ:ADSK) to $300 from $315 and maintained an Overweight rating on May 13. The firm projects 5%-6% YoY growth in Q1 billings.
With the Q1 report scheduled for May 28, analysts expect Autodesk, Inc. (NASDAQ:ADSK) to deliver an EPS between $2.83 and $2.87 in Q1 2027. Overall, the company is a Buy among 92% of analysts covering the stock, with the remaining 8% rating it Neutral. The consensus 1-year price target of $330 reflects a potential upside of approximately 40%.
Back on May 12, BofA Securities resumed coverage on Autodesk, Inc. (NASDAQ:ADSK) with a Buy rating and a price target of $300. Previously, the firm had a Neutral rating on the stock. BofA believes the company’s data, 3D context, and 10-year-long AI investment provide “structural advantages that are hard to replicate.” Additionally, the company has been involved in its go-to-market modernization and technology shift to be “appropriately positioned for AI.” As the company sustains its momentum, it remains one of the stocks with the best earnings growth for the next decade.
Autodesk, Inc. (NASDAQ:ADSK) is a California-based company that provides 3D design, engineering, and entertainment technology solutions. Incorporated in 1982, the company serves a wide range of markets, including engineering, construction, education, and entertainment.
8. Arista Networks, Inc. (NYSE:ANET)
Number of Hedge Fund Holders: 91
On May 7, Piper Sandler lifted the price target on Arista Networks, Inc. (NYSE:ANET) to $181 from $175 and reiterated an Overweight rating. According to the firm, the company’s shares are lower after surging 35% over the past month, as investors grew cautious of “peak-growth” and “increased de-commitments” commentary weighing on growth. Even then, the business continues to gain momentum from AI demand.
Piper Sandler further said that Arista Networks, Inc. (NYSE:ANET) is well-positioned for inference-based use cases due to its clientele, including hyperscalers, AI Titans, and large enterprises.
This acceleration in AI has been effective in the current market, and Arista Networks, Inc. (NYSE:ANET) appears to be following the trend, the firm noted, adding “continue to accumulate here.” Although competitive pressures exist, the firm expects the company to sustain its solid growth pattern through 2026.
Overall, Arista Networks, Inc. (NYSE:ANET) has delivered impressive returns, with the 5-year return surpassing the S&P 500’s return by a whopping 538%. This underscores the company’s standing as one of the stocks with the best earnings growth for the next 10 years.
Arista Networks, Inc. (NYSE:ANET) is a California-based company specializing in client-to-cloud networking solutions for a diverse range of environments, including AI, data center, and campus.
7. Vistra Corp. (NYSE:VST)
Number of Hedge Fund Holders: 102
On May 11, Raymond James trimmed the price target on Vistra Corp. (NYSE:VST) to $202 from $208. According to the firm, the company has a notable retail business and manages a large thermal fleet, while accelerating its nuclear offering through the 2024 Energy Harbor acquisition. The firm’s Strong Buy rating is driven by a buyback record, improved hedge visibility into 2027, and significant commercial potential.
In the first quarter, Vistra Corp. (NYSE:VST) delivered revenue of $5.64 billion, which surpassed the consensus estimate of $5.24 billion. What’s even more compelling is the company’s adjusted EBITDA, which witnessed a whopping 20% YoY surge, thanks to the generation segment. Although mild weather conditions weighed on its retail business, the company’s well-diversified business model resulted in a Q1 win.
Highlighting the company’s consistent execution of our generation, commercial, and retail teams, the company’s CEO said,
“Retail bore the brunt of some of the mild weather for this particular quarter, the rest of the business, particularly generation, had a good quarter. I expect to see that integrated model continuing to be a strength for Vistra.”
Looking ahead, Vistra Corp. (NYSE:VST) aims for sustained growth in adjusted EBITDA and plans to revise guidance following the completion of acquisitions such as the Cogentrix portfolio. The company’s long-term power purchase agreements, along with organic development projects, position it among the stocks with the best earnings growth for the next 10 years.
Vistra Corp. (NYSE:VST) is a Texas-based integrated retail electricity and power generation company. Founded in 1882, the company offers electricity and natural gas solutions to a range of customers, including residential, commercial, and industrial customers.
6. Amphenol Corporation (NYSE:APH)
Number of Hedge Fund Holders: 103
On May 11, TheFly reported that Amphenol Corporation (NYSE:APH) has been removed from BofA’s “US 1 List,” which names its best investment ideas. This comes despite the company’s Q1 2026 beat.
When Amphenol Corporation (NYSE:APH) reported its Q1 results on April 29, it delivered adjusted EPS and revenue that surpassed estimates by $0.11 and $0.51 billion, respectively. Behind the exceptional result was the company’s Communication Solutions segment, which led with an 80% YoY surge in sales. The company’s ability to enhance its operating margin makes it one of the stocks with the best earnings growth for the next 10 years.
Wall Street largely welcomed the company’s strong first-quarter earnings performance. On April 30, Citi lifted the price target on Amphenol Corporation (NYSE:APH) to $180 from $170 and maintained a Buy rating. On the same day, Luke Junk from Baird also raised the price target from $167 to $177 and reaffirmed an Outperform rating.
Amphenol Corporation (NYSE:APH) is a Connecticut-based company specializing in electrical, electronic, and fiber optic connectors. Founded in 1932, the company operates through Communications Solutions, Harsh Environment Solutions, and Interconnect and Sensor Systems segments.
While we acknowledge the potential of APH 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 APH and that has 100x upside potential, check out our report about the cheapest AI stock.
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