In this article, we will look at the 10 Best Growth Stocks to Invest in for the Next 10 Years.
On March 8, Ben Snider, Goldman Sachs senior equity strategist, joined CNBC to discuss the state of the economy today. Snider noted that the key struggle has been the market struggle to assess the forward trajectory of the economy. The market entered this year with optimism for the growth trajectory. However, over the past few weeks, we have seen a very sharp downturn. There is good news to extract from the scenario. Snider explained that if we look at where the market is priced today, it seems much more reasonable. Therefore the base case remains the same the economy is in good shape and is growing. He also noted that a confirmation of the growth came in with the jobs report, moreover, earnings are still growing, meaning that the equity market should be moving higher too.
However, the key question that remains unanswered is what sectors investors should look forward to. Most of the sectors have been volatile. Therefore, as per Snider, the best approach would be not to go all in for a single sector. He likes healthcare, which has been one of the best-performing sectors in the market so far. This is because despite the performance the sector is still trading at the lowest valuations compared to the market. Snider mentioned that this may be a good buying period as historical data tells us that when an investor buys the S&P 500 down 5%, it generates a positive return on investment over the next 5 months 85% of the time.
Moreover, Goldman Sachs has anticipated moderate yet resilient global growth in 2025, driven by the strong performance of the United States. The firm expects the US economy to be a primary driver of global growth, supported by a robust labor market, consistent consumer spending, solid credit conditions, sufficient liquidity, and increased capital spending related to AI. In addition, regarding the tariff situation, Goldman Sachs believes that the “Fed Put” will come into play and ease monetary policy, however, terminal rates are expected to be higher than previously anticipated.
With that, let’s take a look at the 10 best growth stocks to invest in for the next 10 years.
Stock market reports printed on a sheet of paper. Photo by RDNE Stock Project on Pexels
Our Methodology
To curate the list of the 10 best growth stocks to invest in for the next 10 years, we looked at various online rankings. Using these rankings we aggregated a list of best growth stocks for the next 10 years. Next, we checked the sales growth of each stock from Seeking Alpha and added only those companies that have grown more than 15% over the past 5 years. Lastly, we ranked the stocks in ascending order of the number of hedge fund holders, sourced from Insider Monkey’s Q4 2024 database.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
10 Best Growth Stocks to Invest in for the Next 10 Years
10. AudioEye, Inc. (NASDAQ:AEYE)
5-Year Sales Growth: 30.01%
Number of Hedge Fund Holders: 15
AudioEye, Inc. (NASDAQ:AEYE) operates as a digital accessibility platform, providing website accessibility compliance solutions to businesses of all sizes. The company utilizes machine learning and artificial intelligence to identify and resolve common accessibility errors, addressing disabilities such as dyslexia, color blindness, and epilepsy.
On January 21, Joshua Reilly from Needham maintained a Buy rating on the stock with a price target of $25. The company during its fiscal third quarter of 2024 grew its revenue from $8.47 million in Q2 to $8.93 million. This was towards the high end of the company’s guidance, reflecting 14% year-over-year. Management noted that both its enterprise and partner channels experienced organic sequential growth of around 21% year-over-year.
AudioEye, Inc. (NASDAQ:AEYE) has expanded its partnership with Finalsite, aiming to penetrate its K-12 school customer base over the next three years. It has also entered into a significant partnership expansion with CivicPlus, a leader in public sector SaaS, which aims to penetrate the local government market. Moreover, the company recently released its full year and fourth quarter results for fiscal 2024. Q4 2024 marked as the thirty sixth consecutive period of record revenue growth. During the quarter the company grew its revenue by 24% year-over-year with adjusted EBITDA margins at 24%. Management expects next year’s revenue to be between $41 million to $42 million, reflecting an 18% growth at the mid-point. It is one of the best growth stocks to invest in for the next 10 years.
9. Beam Therapeutics Inc. (NASDAQ:BEAM)
5-Year Sales Growth: 412.30%
Number of Hedge Fund Holders: 35
Beam Therapeutics Inc. (NASDAQ:BEAM) is a biotechnology company that focuses on creating precision genetic medicines using base editing technologies for genetic disorders. Its base editing technology is designed to make precise and efficient single-base changes at targeted genomic sequences, without making double-stranded breaks in the DNA. Its pipeline products include BEAM-101, BEAM-201, BEAM-301, and BEAM-302, which are used for serious diseases.
On March 10, Beam Therapeutics Inc. (NASDAQ:BEAM) was upgraded to Buy from Hold Jones Research analyst Soumit Roy. The analyst has set a price target of $34. Roy noted that the company announced encouraging preliminary data from its Phase 1/2 trial of BEAM-302 for alpha-1 antitrypsin deficiency (AATD). BEAM-302 is a medication that uses a liver-targeting lipid nanoparticle to deliver a guide RNA and an mRNA that encodes a base editor, which is designed to correct the PiZ mutation that causes AATD. The firm has increased the probability of success against AATD to 35% from 15% and also increased its adjusted peak sales to $1.9 billion in 2036, noting that BEAM-302 could be a one-time treatment for AATD. Jones Research believes that the data de-risks the company’s platform on multiple levels. Beam Therapeutics Inc. (NASDAQ:BEAM) is one of the best growth stocks to invest in for the next 10 years.
8. Monolithic Power Systems, Inc. (NASDAQ:MPWR)
5-Year Sales Growth: 28.58%
Number of Hedge Fund Holders: 51
Monolithic Power Systems, Inc. (NASDAQ:MPWR) is a fabless semiconductor company specializing in high-performance power management solutions. It designs, develops, and markets analog and mixed-signal integrated circuits for various markets, including storage and computing, enterprise data, automotive, industrial, communications, and consumer electronics.
In 2024, the company achieved its 13th consecutive year of growth, marked by significant revenue increases and strategic advancements. Monolithic Power Systems, Inc. (NASDAQ:MPWR) increased its full-year revenue by 21% year-over-year to reach $2.2 billion. Whereas the Q4 revenue grew 37% year-over-year to reach $621.7 million. Management attributed growth to a diversified market strategy, consistent execution, continuous innovation, and a strong customer focus.
The company has been focused on investing in new technologies and markets. Last year, Monolithic Power Systems, Inc. (NASDAQ:MPWR) introduced a silicon carbide inverter for high-powered clean energy applications, with initial revenue expected in late 2025. Moreover, the company also plans to introduce other silicon carbide-based applications in multiple regions during 2025 and 2026. On February 7, Truist raised the firm’s price target on the stock from $762 to $897. It is one of the best growth stocks to invest in for the next 10 years.
Artisan Mid Cap Fund stated the following regarding Monolithic Power Systems, Inc. (NASDAQ:MPWR) in its Q4 2024 investor letter:
“Among our top detractors were Monolithic Power Systems, Inc. (NASDAQ:MPWR), Xylem and Exact Sciences. Monolithic Power Systems designs analog power management chips for a wide variety of industrial and consumer devices. Shares declined after the company reported strong growth in its data center segment that trailed investors’ lofty expectations, which had driven the stock up YTD. Also, while the segment is expected to grow in 2025, the company will face some temporary headwinds as additional power semiconductor suppliers are expected to be qualified to supply NVIDIA’s GPU needs. While we’re cognizant of this headwind in 2025, we expect it to be manageable, and the company has other meaningful growth drivers in store for the year (particularly in autos). Our valuation discipline had led us to reduce the position earlier in the year, but given a more reasonable starting point in Q4, we decided to add to the position.”
7. Roblox Corporation (NYSE:RBLX)
5-Year Sales Growth: 47.93%
Number of Hedge Fund Holders: 61
Roblox Corporation (NYSE:RBLX) is an American video game developer that operates an online platform and game creation system that allows users to program and play games created by other users. Benchmark analyst Mike Hickey maintained a Buy rating on the stock while upgrading the price target from $60 to $71. Hickey is optimistic about the company’s long-term growth strategy and believes that the growth of bookings could potentially exceed the growth of user and hour engagement in fiscal year 2025. This would be driven by the company’s ongoing efforts to increase monetization, such as investments in its virtual economy, app performance, and AI-powered discovery and safety.
Moreover, SaltLight Capital, an investment management company in its Q3 2024 investor letter noted that Roblox Corporation (NYSE:RBLX) has set a goal to capture 10% of the gaming content revenue market, estimating the total pool at around $180 billion. SaltLight believes that achieving this target will be challenging. However, it will be positive for the business because the company has invested heavily in re-engineering its game platform to be high fidelity, performant, and widely available across platforms for the past three years. Roblox Corporation (NYSE:RBLX) is the best growth stock to invest in for the next 10 years.
SaltLight Capital stated the following regarding Roblox Corporation (NYSE:RBLX) in its Q3 2024 investor letter:
“Roblox Corporation (NYSE:RBLX) has firmly established itself as the dominant player in user-generated gaming within Western markets. Meanwhile, Tencent has developed a similar ecosystem in China with its WeChat Mini-games platform. Owning both gives us a unique vantage point to assess the evolving landscape of user-generated gaming platforms globally.
At its recent investor day, Roblox set an ambitious target of reaching 10% of gaming content revenue, of which it estimates the total pool is around $180bn (for context, in the last twelve months, it made $4bn in bookings).
We think this will be a challenging target, but it will be positive for the business directionally. The reason is that Roblox has spent the last three years heavily investing in re-engineering its game platform to be high fidelity, performant and widely available across platforms. They also share economics with their creators to the point now that the absolute numbers in highly engaged games are enough to support a small game studio. The result is that the quality of games has materially improved, attracting additional engagement – particularly from older users…” (Click here to read the full text)
6. Advanced Micro Devices, Inc. (NASDAQ:AMD)
5-Year Sales Growth: 30.82%
Number of Hedge Fund Holders: 96
Advanced Micro Devices, Inc. (NASDAQ:AMD) is a global semiconductor company that specializes in high-performance computing, graphics, and visualization technologies. It designs, develops, and markets a variety of products, including central processing units, graphics processing units, field-programmable gate arrays, and system-on-chip solutions. These products cater to a wide range of next-generation markets including data centers, artificial intelligence, and embedded systems.
On March 11, Advanced Micro Devices, Inc. (NASDAQ:AMD) released its 5th Gen AMD EPYC Embedded Processors, which are designed for embedded systems. The processor offers a balance of computing power and specialized features that extend product life and enhance system durability. Moreover, the company showed significant growth in fiscal 2024. The company reported record annual revenue of $25.8 billion for the year with Q4 revenue reaching a record of $7.7 billion after growing 24% year-over-year.
Notably, the data center segment experienced substantial growth, with annual revenue nearly doubling, driven by increased adoption of EPYC processors and over $5 billion in revenue from AMD Instinct accelerators. It is one of the best growth stocks to invest in for the next 10 years.
5. ServiceNow, Inc. (NYSE:NOW)
5-Year Sales Growth: 25.99%
Number of Hedge Fund Holders: 110
ServiceNow, Inc. (NYSE:NOW) is a software company that provides a cloud-based artificial intelligence platform that automates and manages enterprise processes, helping businesses to digitize workflows across departments. The company specializes in IT service management, IT operations management, customer service management, and more.
On March 11, Jefferies analyst Samad Samana maintained their bullish stance on the stock. The analyst noted that the acquisition of Moveworks will allow the company to integrate AI-driven solutions and enterprise search capabilities into its product offerings. This can potentially lead to growth in customer relationship management and enterprise search. ServiceNow, Inc. (NYSE:NOW) is set to acquire Moveworks for $2.85 billion in cash and stock. Moreover, Moveworks also specializes in AI solutions, including an AI chatbot, that helps clients address employee concerns via chat, which will also benefit the company. Samana views the stock valuation as attractive, expecting it to stabilize around $740, which aligns with historical valuation ranges. It is one of the best growth stocks to invest in for the next 10 years.
Polen Focus Growth Strategy stated the following regarding ServiceNow, Inc. (NYSE:NOW) in its Q4 2024 investor letter:
“Similar to last quarter, ServiceNow, Inc. (NYSE:NOW) was a top relative contributor, a testament to the consistent, high-level execution they’ve demonstrated over the past several years. The company’s latest earnings report highlighted across-the-board strength, with better-than-expected results across key metrics such as renewal rates, subscription growth, average contract value growth per $1M+ customer, etc. This is a company on offense, attacking a large and growing addressable market and positioning it for a long growth runway—especially considering their early success at integrating GenAI capabilities, which should only drive increasing workflow efficiencies for customers in the years ahead.
We trimmed our positions in UnitedHealth Group, Amazon, ServiceNow, and Gartner during the quarter. ServiceNow and Gartner were valuation-related trims. With ServiceNow, we still expect 20%+ revenue and earnings growth for the foreseeable future. Still, the strong stock price performance has reduced the future return potential somewhat, and we used the proceeds to add to our Eli Lilly position.”
4. Tesla, Inc. (NASDAQ:TSLA)
5-Year Sales Growth: 31.78%
Number of Hedge Fund Holders: 126
Tesla, Inc. (NASDAQ:TSLA) is one of the leaders in electric vehicle technology. It designs, develops, manufactures, sells, and leases electric vehicles and energy generation and storage systems. On March 12, JPMorgan analyst Ryan Brinkman reduced the firm’s price target for the stock to $120 from $135, while maintaining an Underweight rating.
The analyst’s decision to cut the price target stems from a reduced outlook for Tesla, Inc. (NASDAQ:TSLA) deliveries and potential pricing adjustments due to changing consumer sentiment towards the brand. JPMorgan now anticipates the company’s Q1 deliveries to be approximately 355,000, which is an 8% year-over-year decrease and a 28% quarter-over-quarter decrease.
Regardless of the reduced outlook, the company’s progress in robotaxis and humanoid robots makes it one of the best growth stocks to invest in for the next 10 years. The company is planning to launch a robo-taxi service and begin mass production of humanoid robots, named Optimus, in 2025. The robotaxis will be fully autonomous, electric vehicles that operate without human intervention. Tesla, Inc. (NASDAQ:TSLA) aims to expand the RoboTaxi service to other major US cities, including California and New York City, by the end of 2025.
Baron Partners Fund stated the following regarding Tesla, Inc. (NASDAQ:TSLA) in its Q4 2024 investor letter:
“Tesla, Inc. (NASDAQ:TSLA) designs, manufactures, and sells electric vehicles, related software and components, and solar and energy storage products. Shares rose on growth in the energy segment, the promise of new model launches in 2025, and increasing investor confidence in Tesla’s AI initiatives. Despite macroeconomic challenges, delivery data in major markets like China have shown considerable improvement. The energy and automotive segments demonstrated stronger-than-expected profitability. Tesla also expanded its advanced computing center in Texas, released improved version of its software-enhanced driving solution, and is set to launch new mass market vehicles years after the initial rollouts of Models 3 and Y. Expectations of deregulation under the incoming administration point to the potential acceleration of new technology rollouts, which could enhance Tesla’s leadership position in real world AI and bolster investor confidence that Tesla will benefit from these large and attractive growth opportunities.”
3. NVIDIA Corporation (NASDAQ:NVDA)
5-Year Sales Growth: 64.24%
Number of Hedge Fund Holders: 223
NVIDIA Corporation (NASDAQ:NVDA) is a full-stack computing infrastructure company that is leading AI technology through its GPUs and CPUs. On March 12, Citi analyst Atif Malik maintained a Buy rating on the stock with a price target of $163. Malik’s Buy rating is based on Nvidia’s strategic positioning and upcoming product developments.
The analyst noted that the unveiling of Blackwell Ultra and Rubin chips is expected to offer improvements in inference performance. The analyst believes that the stock is trading below its historical price-to-earnings trough, making it an attractive risk/reward scenario. Moreover, NVIDIA Corporation (NASDAQ:NVDA) has also mitigated risks associated with its sales exposure to China and Singapore. During the fiscal fourth quarter of 2025, the company grew its revenue by 78% year-over-year to reach $39.3 billion. Notably, it reached a record quarterly revenue for its Data Center segment which grew 93% during the same time to reach $35.6 billion. NVIDIA Corporation (NASDAQ:NVDA) is one of the best growth stocks to invest in for the next 10 years.
RiverPark Large Growth Fund stated the following regarding NVIDIA Corporation (NASDAQ:NVDA) in its Q4 2024 investor letter:
“NVIDIA Corporation (NASDAQ:NVDA): NVDA was a top contributor in the fourth quarter following blowout 1Q results and guidance driven by strong data center sales (+427% year-over-year). The company reported revenue of $26 billion, up 262% year-over-year, and EPS of $6.12, up 462% year-over-year and 9% ahead of expectations. Revenue guidance for 2Q of $28 billion was 5% above very high expectations. The artificial intelligence arms race, kicked off by ChatGPT and Alphabet’s Bard, among others, has generated tremendous demand for Nvidia’s next generation graphic processors.
NVDA is the leading designer of graphics processing units (GPU’s) required for powerful computer processing. Over the past 20 years, the company has evolved through innovation and adaptation from a predominantly gaming-focused chip vendor to one of the largest semiconductor/software vendors in the world. Over the past decade, the company has grown revenue at a compound annual rate of over 20% while expanding operating margins and, through its asset light business model, producing ever increasing amounts of free cash flow. Following recent results, Jensen Huang, founder and CEO of NVIDIA stated in the company’s press release, “a trillion dollars of installed global data center infrastructure will transition from general purpose to accelerated computing as companies race to apply generative AI into every product, service and business process.”
2. Meta Platforms, Inc. (NASDAQ:META)
5-Year Sales Growth: 18.40%
Number of Hedge Fund Holders: 262
Meta Platforms, Inc. (NASDAQ:META) is a multinational technology company that operates social media platforms, digital advertising services, and virtual and augmented reality technologies. The company is investing heavily in the infrastructure development of artificial intelligence. The company has planned to invest around $60 billion to $65 billion in its AI infrastructure during 2025.
Rowan Street Capital, an investment management company, mentioned Meta Platforms, Inc. (NASDAQ:META) in its Q4 2024 investor letter. The hedge fund initiated its investment in the company in April 2018 and has since seen an internal rate of return of 22%. This IRR aligns with the company’s compounded growth in earnings per share and free cash flow per share during the six-year holding period Rowan Street Capital anticipates that Meta Platforms, Inc. (NASDAQ:META) will grow its revenues, earnings, and free cash flow per share at mid-teens rates over the next two years.
During the fiscal fourth quarter of 2024, the company grew its revenue by 21% year-over-year to reach $48.39 billion. Management anticipates first quarter 2025 total revenue to be in the range of $39.5 billion to $41.8 billion. The heavy investment in AI that the company has dedicated for 2025, makes it one of the best growth stocks to invest in for the next 10 years.
Rowan Street Capital stated the following regarding Meta Platforms, Inc. (NASDAQ:META) in its Q4 2024 investor letter:
“Meta Platforms, Inc. (NASDAQ:META): Investment Initiated: April 2018: Internal Rate of Return (IRR*): 22% *IRR represents the annualized rate of return on an investment, accounting for the timing and magnitude of cash flows over the holding period.
For META, our 22% IRR aligns closely with the company’s compounded growth in earnings per share (EPS) and free cash flow per share during the 6 years holding period.
Looking ahead, Meta is expected to grow its revenues, earnings, and free cash flow per share at mid-teens rates over the next two years. There’s a good possibility that it could exceed these estimates, considering the breadth of growth initiatives currently in place, such as advancements in Al, monetization of Reels, expansion into business messaging, and the ongoing development of the metaverse…” (Click here to read the full text)
1. Amazon.com, Inc. (NASDAQ:AMZN)
5-Year Sales Growth: 17.86%
Number of Hedge Fund Holders: 339
Amazon.com, Inc. (NASDAQ:AMZN) is a multinational technology company involved in e-commerce, cloud computing, online advertising, digital streaming, and artificial intelligence. On March 12, Barclays analyst Ross Sandler maintained a Buy rating on the stock, with a price target of $196.59.
Meridian Hedged Equity Fund in its Q4 2024 investor letter mentioned Amazon.com, Inc. (NASDAQ:AMZN). It views the company as a global leader in e-commerce and cloud computing, with a unique position to capitalize on the increasing prevalence of digital commerce and enterprise cloud adoption. The fund also believes that the company can sustain growth through its retail platform, AWS cloud infrastructure, and high-margin businesses like advertising and logistics. The company exceeded expectations in its fiscal third quarter of 2024 due to investments in operational efficiency, particularly in inventory management and automation, which drove margin expansion.
During the fiscal fourth quarter of 2024, Amazon.com, Inc. (NASDAQ:AMZN) reported a 10% increase in net sales, reaching $187.8 billion compared to $170.0 billion in the fourth quarter of 2023. The AWS segment was notable with 19% year-over-year growth to $28.8 billion in revenue. Management noted the company’s share price gained 44% in 2024 and outperformed the NASDAQ 100. It is the best growth stock to invest in for the next 10 years.
Meridian Hedged Equity Fund stated the following regarding Amazon.com, Inc. (NASDAQ:AMZN) in its Q4 2024 investor letter:
“Amazon.com, Inc. (NASDAQ:AMZN) is a global leader in e-commerce and cloud computing, uniquely positioned to benefit from the secular growth in digital commerce and enterprise cloud adoption. Our investment in Amazon reflects its ability to compound growth through its dominant retail platform, AWS cloud infrastructure, and emerging high-margin businesses like advertising and logistics services. The company delivered strong third-quarter results, exceeding expectations for both revenue and operating income despite mixed macro signals. Amazon’s investments in operational efficiency, particularly in inventory management and automation, have driven meaningful margin expansion. AWS maintained its leadership position in cloud infrastructure, securing significant new customer wins and showing healthy demand for new workloads. Looking forward, we see multiple drivers of value creation through retail margin expansion, continued cloud growth, and the scaling of high-margin businesses.”
While we acknowledge the potential of Amazon.com, Inc. (NASDAQ:AMZN) to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AMZN but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
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