12 Best Growth Stocks to Buy and Hold for the Long Term

4. Snowflake Inc. (NYSE:SNOW)

5-Year Sales Growth: 68.78%

Number of Hedge Fund Holders: 85

Snowflake Inc. (NYSE:SNOW) is a technology company that specializes in providing a cloud-based platform that provides data cloud and artificial intelligence solutions. The company relies on cloud-native architecture, which consists of three integrated layers including compute, storage, and cloud services.

Snowflake Inc. (NYSE:SNOW) reported its fiscal fourth quarter results for 2025 on February 26. It reported a revenue of $943.3 million, reflecting 28% year-over-year growth driven by a robust demand for its AI platform and data cloud. Management noted that it achieved a net revenue retention rate of 126%, indicating customer satisfaction. The company had 580 customers generating more than $1 million in product revenue over the trailing 12 months, a 27% increase year-over-year, showing growth in large, high-value customer accounts.

On May 6, Snowflake Inc. (NYSE:SNOW) announced that it has expanded its AI Data Cloud platform to deliver specialized, AI-powered solutions tailored for the automotive industry. Management noted that 80% of major automotive OEMs already rely on Snowflake’s platform for their data and AI initiatives, and now the company is also helping manufacturers like CarMax and Nissan drive innovation. The company ranks as one of the best growth stocks to buy and hold for the long term.

Artisan Mid Cap Fund stated the following regarding Snowflake Inc. (NYSE:SNOW) in its Q1 2025 investor letter:

“During the quarter, we initiated new GardenSM positions in Baker Hughes, Snowflake Inc. (NYSE:SNOW) and Viking. Snowflake is a leading cloud data warehouse and analytics platform, benefiting from the ongoing shift away from on-premise infrastructure. Its cloud-native architecture enables greater scalability, faster performance and improved efficiency for businesses managing large data sets. We see upside as a new management team refines the company’s sales and marketing strategy, aligning it with the growing demand for tools that help organizations organize and analyze data. While competition bears watching, we believe Snowflake is well positioned to help its customers structure data to take advantage of increasingly powerful AI models.”