8 Best Long-Term ASX Stocks to Buy Right Now

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 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 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 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 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.

Alcoa Corporation 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.

6. ResMed Inc. (NYSE:RMD)

With strong revenue growth projections, ResMed Inc. (NYSE:RMD) secures a spot on our list of the best long-term ASX stocks to buy right now.

On April 15, 2026, JPMorgan initiated coverage of ResMed Inc. with an “Overweight” rating and an A$37.60 price target, stating that the company remains well-positioned even as investor attention increasingly shifts toward GLP-1 therapies for sleep apnea.

Additionally, the firm added that although GLP-1 treatments have demonstrated meaningful clinical benefits for sleep apnea patients, they do not diminish the long-term investment case for continuous positive airway pressure therapy.

At the same time, that call is significant because one of the key concerns weighing on ResMed Inc. has been the positive impact of Eli Lilly’s Zepbound, which recently received U.S. approval for treating sleep apnea. This development could potentially hamper demand for ResMed’s devices.

However, ResMed Inc. said otherwise.

During its analyst call, alongside the fiscal Q2 2026 earnings release, management said it expects GLP-1 therapies, such as Zepbound, along with consumer sleep-tracking wearables, to expand awareness and ultimately bring more patients into the diagnosis and treatment pipeline.

Management’s stance has been straightforward: GLP-1 therapies are expected to act as a tailwind rather than a headwind for sleep apnea care and for ResMed Inc.’s demand pipeline.

This perspective could shift ResMed Inc.’s narrative away from disruption concerns toward market expansion, with increased awareness driven by these drugs potentially supporting broader adoption of the company’s core therapy platforms.

ResMed Inc. develops and manufactures medical devices and digital health solutions for sleep apnea, chronic obstructive pulmonary disease, and other respiratory conditions. Its products include CPAP machines, masks, and cloud-connected software platforms that enable remote patient monitoring and management.

5. Newmont Corporation (NYSE:NEM)

With strong revenue growth projections, Newmont Corporation (NYSE:NEM) secures a spot on our list of the best long-term ASX stocks to buy right now.

On April 16, 2026, Newmont Corporation saw National Bank downgrade its stock to “Sector Perform” from “Outperform” with a price target of $130 (-$10). The revised outlook reflects rising costs tied to higher diesel prices, alongside a new tax framework in Ghana and ongoing disruption at the Cadia mine. The firm also believes lower production at Boddington related to wildfires, scheduled downtime at Nevada Gold Mines, and higher operating costs in Ghana are expected to adversely impact Newmont’s Q1 EBITDA.

As of the National Bank update, Newmont Corporation has roughly 20% upside potential, with a $144 price target. Over 80% of covering analysts maintain bullish ratings on the stock.

Cadia experienced a 4.5 magnitude earthquake near its site in New South Wales, prompting a pause in underground operations.

Newmont Corporation reported that all workers were brought to the surface safely, with no injuries reported. However, by April 16, 2026, management reported limited underground damage, while surface infrastructure remained intact and processing recovered. Meanwhile, near-term production was unaffected.

Management added that the underground evaluation is still ongoing.

Newmont Corporation, headquartered in Denver, Colorado, is a key player in gold mining. The company’s broad portfolio comprises world-class gold and copper assets in North and South America, Australia, and Africa.

4. Woodside Energy Group Ltd (NYSE:WDS)

With strong revenue growth projections, Woodside Energy Group Ltd (NYSE:WDS) secures a spot on our list of the best long-term ASX stocks to buy right now.

As of April 15, 2026, analyst sentiment remains mixed on Woodside Energy Group Ltd, with a consensus price target of $23.10, implying just 1.6% upside.

That cautious backdrop has placed extra importance on Woodside Energy Group Ltd’s newest operating update, particularly for investors evaluating the best ASX stocks to buy.

On April 10, 2026, Woodside Energy Group Ltd reported a non-operated oil discovery at the Bandit-1 site in the Gulf of America, where the well found high-quality Miocene sands that included oil.

In addition to operators Occidental and Chevron, Woodside Energy Group Ltd has a 17.5% working interest in the discovery, which is currently being studied for next steps.

Significantly, Bandit may be tied back to adjacent subsea infrastructure, which might increase the discovery’s commercial appeal, while highlighting the importance of methodical exploration in well-established basins with more defined development routes.

That exploration upside also coincides with a leadership transition at Woodside Energy Group Ltd.

On March 18, 2026, Woodside Energy Group Ltd formally appointed Liz Westcott as CEO and Managing Director after she had been serving as acting CEO since December 2025.

Management has outlined Liz Westcott’s mandate as focused on driving sustainable shareholder value, maintaining operational discipline, and executing growth projects effectively.

This provides investors with improved transparency into leadership as Woodside Energy Group Ltd continues to advance its portfolio and project pipeline.

Founded in Australia, Woodside Energy Group Ltd is a global energy company with a portfolio that includes quality oil and gas assets and interests in Australia, the Gulf of Mexico, Trinidad and Tobago, Senegal, Timor-Leste, Canada, and Barbados.

3. Life360, Inc. (NASDAQ:LIF)

With strong revenue growth projections, Life360, Inc. (NASDAQ:LIF) secures a spot on our list of the best long-term ASX stocks to buy right now.

As of April 15, 2026, analyst sentiment toward Life360, Inc. remained bullish, with the $64 consensus price target implying 50.3% upside potential.

That positive view was further supported on April 9, 2026, when Citi raised its price target on Life360, Inc. to $68.3 from $38.5, while maintaining a “Buy” rating, reflecting its confidence in the company’s long-term potential.

For a stock often linked to the theme of long-term ASX compounders, this indicates that investors continue to see value beyond its core subscriber growth story.

Even so, the bullish case is not without challenges.

Earlier, on March 19, 2026, DA Davidson downgraded Life360, Inc. to “Neutral” from “Buy” and lowered its price target to $40 from $70, pointing to increased execution risk in 2026. At the same time, the firm noted that international user growth appears to be slowing and cautioned that the company may require additional time and investment to attract overseas users, retain them on the platform, and convert them into paying subscribers.

Additionally, this puts greater importance on Life360, Inc.’s broader monetization strategy. In January 2026, the company completed an approximately $120 million acquisition of Nativo and reported that it had exceeded 50 million U.S. monthly active users.

This scale supports Life360, Inc.‘s efforts to develop an advertising platform that could help diversify revenue streams beyond reliance on subscription conversions alone.

Life360 Inc. operates a technology platform to locate people, pets, and things in North America, Europe, the Middle East, Africa, and internationally.

2. Block, Inc. (NYSE:XYZ)

With strong revenue growth projections, Block, Inc. (NYSE:XYZ) secures a spot on our list of the best long-term ASX stocks to buy right now.

As of April 15, 2026, 83% of covering analysts remain bullish on Block, Inc., with the $87 consensus price target implying 27.6% upside potential.

That bullish stance reflects the view that Block, Inc. may be emerging from a difficult transition period as a more streamlined and differentiated fintech platform.

On March 31, 2026, Loop Capital initiated coverage of Block, Inc. with a “Buy” rating and a $75 price target, noting that near-term volatility may persist following the company’s more than 40% workforce reduction. The company still maintains a strong position at the point of sale and appears capable of sustaining above-industry gross profit growth as it works to reaccelerate monthly transacting active users.

Management’s commentary at the Morgan Stanley TMT conference on March 13, 2026, provided additional context supporting that thesis.

Block, Inc. described the restructuring as part of a broader effort to streamline management layers, accelerate decision-making, and leverage AI and automation to improve the speed of product development. The company noted that production code shipped per engineer has increased by 40% since last September, while a recently developed BNPL risk model was completed in just two days, compared with a typical development cycle of a full quarter.

Additionally, this initiative is being built on top of an already scaled ecosystem.

In January 2026, Block, Inc. reported that it had exceeded $200 billion in credit extended across Cash App Borrow, Afterpay, and Square Loans, highlighting the scale of its lending platform and the strength of its underwriting capabilities and customer data infrastructure.

Block, Inc., founded in 2009 by Jack Dorsey and headquartered in Oakland, California, is a financial technology and services provider offering point-of-sale systems, digital payments, and consumer financial products.

1. Mesoblast Limited (NASDAQ:MESO)

With strong revenue growth projections, Mesoblast Limited (NASDAQ:MESO) secures a spot on our list of the best long-term ASX stocks to buy right now.

As of April 15, 2026, all covering analysts remain bullish on Mesoblast Limited, with a consensus price target of $32.5, implying upside potential of 106.5%.

That positive sentiment is largely driven by Ryoncil’s growing clinical potential and expanding commercial opportunity.

On April 7, 2026, Mesoblast Limited announced that the FDA granted IND clearance to advance directly into a registration trial of Ryoncil for Duchenne muscular dystrophy, representing an important milestone in the context of the therapy’s potential market expansion beyond its existing approval for pediatric steroid-refractory acute graft-versus-host disease.

In addition to this, the upcoming study is expected to enroll 76 patients aged 5 to 9, with time-to-stand at nine months set as the primary endpoint. Management is also collaborating with Parent Project Muscular Dystrophy to aid patient identification and raise awareness of the trial, which should support execution.

That pipeline progress is also supported by early signs of commercial traction.

On April 6, 2026, Mesoblast Limited reported Ryoncil net sales of $30.3 million for the March quarter, with first-year launch revenue nearing $100 million. Management noted that these proceeds are strengthening the company’s balance sheet and helping finance label expansion efforts and late-stage clinical programs, further supporting the company’s long-term growth outlook.

Mesoblast Limited, together with its subsidiaries, develops regenerative medicine products in Australia, the US, Singapore, and Switzerland. The company’s proprietary regenerative medicine technology platform is based on specialized cells known as mesenchymal lineage cells.

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