5 Best Growth Stocks To Buy For the Next 5 Years

In this article, we discuss the 5 best growth stocks to buy for the next 5 years. If you want to read about some more growth stocks, go directly to 11 Best Growth Stocks To Buy For the Next 5 Years.

5. Cisco Systems, Inc. (NASDAQ:CSCO)

Number of Hedge Fund Holders: 63    

Cisco Systems, Inc. (NASDAQ:CSCO) designs, manufactures and sells Internet Protocol-based networking and other products related to the communications and information technology industry. It is one of the best growth stocks to invest in. On October 14, Cisco Systems revealed that it has partnered up with Microsoft. With this alliance, Cisco and Microsoft Teams will soon offer the ability to run Microsoft natively on the former’s room and desk devices from the first half of 2023.

On August 31, KGI Securities analyst Jackson Chiang upgraded Cisco Systems, Inc. (NASDAQ:CSCO) to Outperform from Neutral with a $53 price target.  

At the end of the second quarter of 2022, 63 hedge funds in the database of Insider Monkey held stakes worth $1.9 billion in Cisco Systems, Inc. (NASDAQ:CSCO), compared to 66 in the previous quarter worth $1.7 billion.

In its Q1 2022 investor letter, Carillon Tower Advisers, an asset management firm, highlighted a few stocks and Cisco Systems, Inc. (NASDAQ:CSCO) was one of them. Here is what the fund said:

“Cisco Systems (NASDAQ:CSCO) traded lower as investors weighed how supply chain concerns would impact sales growth. The company has been upgrading its switching and routing offerings, which should lead to strong demand as on-site locations upgrade infrastructure.”