5 Best Growth Stocks to Buy for the Next 5 Years

4. Salesforce, Inc. (NYSE:CRM)

Number of Hedge Fund Holders: 117

EPS Next 5 Year Ratio: 18.01%

Salesforce, Inc. (NYSE:CRM) is an enterprise software company with a substantial cloud business that has in recent months laid off around 10% of its workforce and is reportedly considering further job cuts according to Bloomberg on March 24. Given its strong cloud business and substantial scale, Salesforce, Inc. (NYSE:CRM) had free cash flow of $6.3 billion for fiscal 2023, up 19% year over year. With growing demand, analysts expect the company to grow EPS in the future.

117 hedge funds in our database owned shares of Salesforce, Inc. (NYSE:CRM) at the end of Q4, ranking the stock #4 on our list of 12 Best Growth Stocks to Buy for the Next 5 Years.