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

8. Celsius Holdings Inc. (NASDAQ:CELH)

Celsius Holdings Inc. (NASDAQ:CELH) ranks among the best growth stocks to buy and hold for the long term. On February 27, Bank of America double upgraded Celsius Holdings Inc. (NASDAQ:CELH) to Buy from Underperform and boosted its price target to $65 from $45, citing better-than-expected fourth-quarter performance and stronger 2026 growth projections. According to BofA, Alani Nu drove fourth-quarter success, exceeding forecasts as it integrated into the PepsiCo network.

At the CAGNY conference, Celsius Holdings Inc. (NASDAQ:CELH) management announced 17% shelf space improvements for the core Celsius brand in North America by 2026. Although inventory changes in the second half of 2025 cause short-term volatility in comparisons, BofA stated that the increased distribution could promote consumption growth.

BofA stated that its previous Underperform rating was primarily motivated by valuation and momentary comparison constraints, in contrast to issues related to the brand or the overall energy drink category. The firm emphasized that non-alcoholic beverages retain their favored category within consumer staples.

Celsius Holdings Inc. (NASDAQ:CELH) develops, processes, manufactures, markets, sells, and distributes functional energy drinks in the US, North America, Europe, the Asia Pacific, and internationally.

7. On Holding AG (NYSE:ONON)

On Holding AG (NYSE:ONON) ranks among the best growth stocks to buy and hold for the long term. On March 4, UBS reiterated its Buy rating on On Holding AG (NYSE:ONON) with a price target of $85. The firm claimed that On Holding’s fourth-quarter report indicates that its core growth narrative remains solid, though foreign exchange could have a deeper negative impact than it initially expected.

According to UBS, the company’s five-year CAGRs are expected to be 17% for revenue, 19% for adjusted EBITDA, and 28% for earnings per share.

KeyBanc, meanwhile, reaffirmed its $58 price target and Overweight rating on On Holding AG (NYSE:ONON). In the event that tariffs are lifted, the firm anticipates continued margin stability for the company with room to grow. KeyBanc also reduced its fiscal year 2026 expectations to account for foreign exchange headwinds, which are most noticeable in the first half.

On Holding AG (NYSE:ONON), together with its subsidiaries, develops and distributes performance sports products under the On brand in Switzerland, the rest of Europe, the Middle East, Africa, the US, the rest of the Americas, and the Asia-Pacific.