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In this article, we’ll discuss the 10 best young stocks to buy and hold for the next 20 years. If you want to read more about young strains, please visit us directly. The 5 Best Young Stocks to Buy and Hold for the Next 20 Years.
Growth stocks have tumbled in recent months amid growing fears of a recession as the US Federal Reserve (Fed) aggressively seeks to keep inflation under control, but investors continue to bet on growth. We see the successful technology sector as one of the key long-term catalysts. stock market. Coupang, Inc. (NYSE:CPNGs), Qualtrics International Inc. (NASDAQ:XM), and Affirm Holdings, Inc. (NASDAQ:AFRMMore) in the last few months.
IPO activity in 2022 dropped dramatically compared to record numbers in 2021, but register With global IPOs down 44% year-over-year and earnings down 57%, companies that debuted in the market are trading at undervalued valuations relative to their growth potential. As the uncertainty subsides and things return to normal, the improved returns of these young stocks may attract even more investors. Already seeing these trends, some of the sectors with the highest number of IPOs are the technology and energy industries.
our methodology
These companies, which recently debuted on the stock market and have long-term growth catalysts, were selected for the list. We also discuss the stock’s business fundamentals and analysts’ evaluations to put readers in context of their investment choices. Using a database of approximately 900 elite hedge funds tracked by Insider Monkey in Q2 2022, we quantified the popularity of each stock in the hedge fund universe.
Image by Alexsander-777 from Pixabay
Best Young Stocks to Buy and Hold for the Next 20 Years
10. Aurora Cannabis (NASDAQ:ACB)
Number of hedge fund holders: 10
Aurora Cannabis Inc. (NASDAQ:ACB) manufactures, distributes and sells cannabis and cannabis derivatives in Canada and internationally. It is one of the best IPO stocks to invest in. $29.8 million Canadian dollars in cash.
On September 19, investment adviser Piper Sandler maintained its neutral rating on Aurora Cannabis (NVN:ACB) stock and lowered its price target from $4 to $3. Analyst Michael Lavery released a rating update.
At the end of the second quarter of 2022, 10 hedge funds in Insider Monkey’s database held shares of Aurora Cannabis Inc. (NASDAQ:ACB) worth $45.7 million.
Aurora Cannabis Inc. (NASDAQ:ACB) is one of the best young stocks, along with Coupang, Inc. (NYSE:CPNG), Qualtrics International Inc. (NASDAQ:XM) and Affirm Holdings, Inc. (NASDAQ:AFRM) It’s one. Buy now, according to hedge funds.
9. Petco Health and Wellness Company (NASDAQ:Weft)
Number of hedge fund holders: 21
Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) is a health and wellness company focused on improving the lives of pets, pet owners and Petco partners. On October 3rd, Petco Health and Wellness opened a one-stop holiday shop with a new More and Merry collection of holiday gifts for pets and their owners. The company also announced a live social commerce event for the holidays, offering more convenient ways to shop.
On Sept. 6, RBC Capital analyst Stephen Shemesh began coverage of Petco Health and Wellness Company (NASDAQ:WOOF) stock with an outperforming valuation and a price target of $17. The US pet sector already growing rapidly in the long term.
At the end of the second quarter of 2022, 21 hedge funds in Insider Monkey’s database held shares in Petco Health and Wellness Company (NASDAQ:WOOF) worth $111 million.
In the second quarter 2022 investor letter, clear bridge investmentan asset management company, highlighted some equity and Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) is one of them. here The fund said:
“While we continue to have positive opinions about online pet supply retailers, we have decided to consolidate our exposure to the pet industry into our existing holding, Petco Health & Wellness (NASDAQ:WOOF). In addition to traditional retail products such as toys and food, grooming, short-term pet boarding, veterinary clinics, etc. We will use the proceeds from the sale to add positions that we believe have greater upside potential. did.”
8. Nextdoor Holdings (NYSE:Kindness)
Number of hedge fund holders: 21
Nextdoor Holdings (NYSE:KIND) operates as a neighborhood network connecting neighborhoods, businesses and utilities in the United States and internationally. One of the elite IPO stocks to invest in. On September 28th, through a joint research study with Kindness.org, Nextdoor celebrated National Neighbor Day with Verizon, one of the world’s largest communications technology companies, and sent out the most influential and kindest messages to new neighbors. Insights that illuminate deeds.
On Aug. 10, Citi analyst Ronald Josie maintained his neutral rating on Nextdoor Holdings (NYSE:KIND) shares, lowering his price target to $3.75 from $4.50, putting the company’s second Appreciate the earnings results for the quarter.
At the end of the second quarter of 2022, 21 hedge funds in Insider Monkey’s database held shares in Nextdoor Holdings (NYSE:KIND) worth $57 million.
7. SoFi Technologies, Inc. (NASDAQ:SOFIMore)
Number of hedge fund holders: 22
SoFi Technologies, Inc. (NASDAQ:SOFI) provides digital financial services. It is one of the leading IPO stocks to invest in. On September 7, SoFi Technologies announced that it had signed his three-year partnership with his Los Angeles Chargers quarterback, Justin Herbert. Sofi’s ‘Break Up With Bad Banking’ campaign during his 2022 football season.
On Sept. 14, Bank of America analyst Mihir Bhatia raised his price target for SoFi Technologies (NASDAQ:SOFI) to $9 from $8 to buy from neutral. Profile National Football League Marketing.
At the end of the second quarter of 2022, 22 hedge funds in Insider Monkey’s database held shares worth $337.6 million in SoFi Technologies, Inc. (NASDAQ:SOFI).
In its fourth quarter 2021 investor letter, wealth manager Altron Capital Management highlighted several stocks, including SoFi Technologies, Inc. (NASDAQ:SOFI). here The fund said:
“We’ve been building our position at SoFi Technologies, Inc. (NASDAQ:SOFI) over the past two quarters, but until now we hadn’t written a paper. SoFi started with refinancing student loans. An online financial technology company, this segment is still a big part of the company’s business, but it has recently expanded its offerings to offer a range of financial services, including personal banking, investments and credit. The product collection is still evolving and not yet complete, but we believe we are in the early stages of that change. It’s grown more than 50%, even as its loan refinancing business has taken a hit, and it’s also boosting its banking presence with the acquisition of Golden Pacific Bancorp, a Sacramento-based community bank. The bank’s Articles of Incorporation will allow SoFi to accept its own customer deposits, reducing its cost of capital and broadening the company’s financial offerings.
SoFi isn’t the only online banking platform, but we believe it has the potential to capture a significant share of the financial services market. Banking is a notoriously thorny business because the inconvenience and hassle of switching banks keeps consumers from jumping on competitors regardless of cost. It’s one of the reasons we’re one of the few businesses out there. We believe SoFi is on track to change that and create a new paradigm for the future of consumer banking and financial services (read more)
6. Bumble (NASDAQ:BMBLMore)
Number of hedge fund holders: 23
Bumble (NASDAQ:BMBL) provides online dating and social networking platforms in North America, Europe and internationally. Bumble announced on Oct. 13 that it has partnered with Apple TV’s hit show Ted Lasso to bring to life Bantr, a fictional dating app where users can’t see photos of each other. On October 13th, Bumble kicked off his weekly Banter Live. This allows the user to blind date him via chat.
On October 4, JP Morgan analyst Corey Carpenter maintained his overweight rating on Bumble (NASDAQ:BMBL) stock and lowered his price target to $35 from $39.
At the end of the second quarter of 2022, 23 hedge funds in Insider Monkey’s database held shares in Bumble, Inc. (NASDAQ:BMBL) worth $156 million.
Along with Coupang, Inc. (NYSE:CPNG), Qualtrics International Inc. (NASDAQ:XM), and Affirm Holdings, Inc. (NASDAQ:AFRM), Bumble Inc. (NASDAQ:BMBL) is one of the best young stocks It’s one. Buy now, according to hedge funds.
In the second quarter 2022 investor letter, capital of pollenAsset manager has picked several stocks, including Bumble (NASDAQ:BMBL). here The fund said:
“Online dating company Bumble Inc. (NASDAQ:BMBL) has successfully executed its core strategic priorities focused on driving scale and engagement, monetization and profitability. We are excited about the potential of the dating market and believe Bumble can gain share and leverage its brand in adjacent categories. It’s a category we believe in.”
Click through to read more and see the 5 best young stocks to buy and keep for the next 20 years.
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disclosure. none. 10 Best Young Stocks to Buy and Keep for the Next 20 Years was first published on Insider Monkey.
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