In this piece, we shed light on the 8 Best Long-Term ASX Stocks to Buy Right Now.

Based on Reuters’ report dated April 14, 2026, consumer sentiment in Australia has softened significantly, as highlighted by the Westpac-Melbourne Institute Index’s 12.5% drop to 80.1 in April, its lowest level in more than two years.

The economic and inflation impact of the Iran conflict, alongside higher fuel prices and a further 25-basis-point interest rate increase, continues to weigh on households. The report further highlighted that current conditions, family finances, and near-term economic expectations are all weakening, with all index components deteriorating sharply. At the same time, the “time to buy a major item” sub-index slipped 15% to 83.3.

Westpac’s head of Australian Macro-Forecasting, Matthew Hassan, stated:

“Australian consumers are being hit by another cost of living shock.”

Adding to that fragile sentiment, Reuters reported on April 16, 2026, that S&P Global Ratings downgraded ASX Ltd’s issuer credit to A+/A-1 from AA-/A-1+. The development reflects governance and risk management failures found by ASIC at the exchange operator. Previously, the operator experienced a series of setbacks, including trading outages, the aborted CHESS replacement program, and a 2024 settlement breakdown.

ASIC further added that the ASX made short-term tactical fixes instead of resolving underlying technology issues.

Yet that does not diminish the long-term appeal of ASX, with S&P revising the outlook to “Stable,” emphasizing that ASX would retain its dominant position and remain an integral part of Australia’s financial market infrastructure over the next two years.

With investors seeking the best long-term ASX stocks amid weaker consumer confidence and heightened scrutiny of market governance, we will now turn to our list of the best long-term ASX stocks to buy right now.

Methodology

To curate our list of the 8 best long-term ASX stocks to buy right now, we scanned financial media to identify stocks listed on the Australian Securities Exchange (ASX) as well as U.S. stock exchanges. Next, we filtered for the best stocks in terms of five-year forward revenue growth estimates. Most of these stocks are also popular among hedge funds. Our final list is presented in ascending order by revenue growth.

Note: Data extracted as of April 15, 2026.

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8. Alcoa Corporation (NYSE:AA)

Alcoa Corporation (NYSE:AA) is one of the best long-term ASX stocks to buy right now.

As of April 15, 2026, near-term sentiment on Alcoa Corporation (NYSE:AA) remains mixed, while the consensus price target of $75.54 implies 7.38% upside potential as aluminum prices have risen amid geopolitical unrest, with a sizable portion of analysts still retaining “Hold” ratings.

On April 9, 2026, Morgan Stanley upgraded Alcoa Corporation (NYSE:AA) from “Equal Weight” to “Overweight” and raised its price target from $64 to $80, marking a significant uplift in tone. The Middle East conflict and broader geopolitical concerns, according to the firm, are likely to keep mining stocks highly volatile.

However, the firm highlighted that Alcoa Corporation (NYSE:AA) is well-positioned in this environment, as higher aluminum prices, combined with the company’s high operating leverage, could significantly amplify earnings upside in a firmer pricing environment.

On the same day, JPMorgan partially echoed that more constructive view, raising its price target on Alcoa Corporation (NYSE:AA) to $70 from $68 while maintaining a “Neutral” rating. The bank pointed out that aluminum stocks had already rallied meaningfully since the start of the conflict, with LME aluminum up 14.07% year-to-date, as of March 30, 2026. However, the firm highlighted that the group’s near-term direction would still largely depend on how the situation in the Middle East unfolds.

Adding to the backdrop, an earlier Wall Street Journal report noted that a proposed U.S. tariff adjustment on imported aluminum-containing finished goods could increase import costs and, in turn, slightly enhance the competitive position of domestic producers, such as Alcoa Corporation (NYSE:AA).

Alcoa Corporation (NYSE:AA) is one of the largest aluminum mining companies in the world. It has operations in Spain, Norway, Iceland, Canada, and other countries.

7. Amcor plc (NYSE:AMCR)

Amcor plc (NYSE:AMCR) is one of the best long-term ASX stocks to buy right now.

As of April 15, 2026, Amcor plc (NYSE:AMCR) continues to retain support from Truist, even though the firm lowered its price target, signaling a more cautious near-term stance on costs rather than a break in the broader earnings story.

Truist analyst Michael Roxland reduced the firm’s price target for Amcor plc (NYSE:AMCR) from $60 to $50, while keeping a “Buy” rating. He stated that his estimates now take into account the state of the market, which includes higher energy and freight costs, as well as input from recent industry conferences and management check-ins.

This more measured approach is in line with Amcor plc (NYSE:AMCR)’s ongoing efforts to guide investors toward strong underlying momentum.

Amcor plc (NYSE:AMCR) reiterated its fiscal 2026 target for free cash flow of $1.8 billion to $1.9 billion and adjusted EPS of $4.00 to $4.15. The earnings range indicates 12% to 17% constant-currency growth and includes at least $260 million in pre-tax savings from the Berry acquisition.

Meanwhile, revenue increased 70% to $11.194 billion for the first half ended December 31, 2025, while adjusted EPS increased 14% year-over-year to $1.83.

The setting is noteworthy because, driven by legislation, e-commerce demand, and sustainability trends, the larger U.S. packaging market was valued at over $215 billion at the end of 2025 and is expected to reach $319 billion by 2035. Nevertheless, Amcor plc (NYSE:AMCR)’s stock fell 3% so far in 2026, trailing the Packaging & Containers sector’s 0.54% decline.

According to 23 analyst ratings, Amcor plc (NYSE:AMCR) has about 30% upside potential, with 78% of covering analysts remaining optimistic about the stock’s outlook.

Amcor plc (NYSE:AMCR) produces packaging solutions, including flexible and rigid plastics, cartons, and specialty packaging for food, beverage, healthcare, and consumer goods. The company serves clients that are global brands, manufacturers, and retailers that require packaging for products. Its products are used to protect, preserve, and market goods while ensuring safety and sustainability. It was founded in 1928 and headquartered in Zurich, Switzerland.