5 Best Young Stocks to Buy and Hold For 20 Years

1. Kenvue, Inc. (NYSE:KVUE)

Number of Hedge Fund Holders: 84

New Jersey-based Kenvue, Inc. (NYSE:KVUE) is the world’s largest pure-play consumer health company by revenue. Formerly the Consumer Healthcare division of Johnson & Johnson (NYSE:JNJ), Kenvue, Inc. (NYSE:KVUE) is home to iconic brands such as Aveeno®, BAND-AID® Brand Adhesive Bandages, Johnson’s®, Listerine®, Neutrogena®, and Tylenol®, among others.

On October 26, Kenvue, Inc. (NYSE:KVUE) released its financial results for Q3 2023 which were nearly in-line with the consensus estimates across the revenue and normalized EPS figures which amounted to $3.9 billion and $0.31, respectively.

Following the earnings release, Canaccord Genuity analyst Susan Anderson lowered the price target on Kenvue, Inc. (NYSE:KVUE) shares to $27 from $28 and maintained a ‘Buy’ rating for the shares. The target price represents a potential upside of 33.33% based on the share price on November 24.

Kenvue, Inc. (NYSE:KVUE) is the best young stock to buy and hold for 20 years based on hedge fund sentiment according to the methodology used by us for preparing this list. Its shares were held by 84 hedge funds with total value of $3.4 billion, as of September 30.

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