5 Best Growth Stocks to Buy for the Next 5 Years

2. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holders: 240

EPS Next 5 Year Ratio: N/A

Amazon.com, Inc. (NASDAQ:AMZN) is an e-commerce and cloud computing leader that wasn’t profitable for FY 2022 in part given substantial investment spending and the effect of high inflation on the company’s growth. Nevertheless, analysts expect earnings of $1.46 per share for FY 2023, $2.53 per share for FY 2024, and $3.66 per share for FY 2025 according to Barron’s.

As a result of the expected earnings growth and 240 hedge funds in our database owning shares of the stock at the end of Q4, Amazon.com, Inc. (NASDAQ:AMZN) ranks #2 on our list of 12 Best Growth Stocks to Buy for the Next 5 Years. In the long term, Amazon.com, Inc. (NASDAQ:AMZN) could also benefit from the increase in AI processing with more potential demand for its cloud computing business.