I really started pounding the table for Salesforce (NYSE: CRM) about six months ago, because the valuation of this company became too attractive. For the latter, they need to be dependable. It’s another thing to buy a stock for a truly long period of time (decades or more). It’s one thing to buy a stock for the next several quarters or years. The Trade Desk has strong growth forecasts for the next several years, and analysts expect its bottom line to grow impressively as well.

Amid the bear market, many investors can lose focus of these types of realities. It’s also worth pointing out that The Trade Desk is a profitable growth stock, and it has been for quite some time. It’s worth pointing out that The Trade Desk can operate in China, a country that Alphabet (NASDAQ: GOOG), Meta (NASDAQ: META) and others don’t have access to. This platform is one that has not only continued to grow through the bumpy economic climate we’re in, but one that can operate all over the world. The company has so many positives to assess, it’s hard to ignore this name.Ĭo-founder and CEO Jeff Green and his company have built a true industry-leading platform. While its share price has been through the wringer - suffering a peak-to-trough decline of roughly 64% - shares have been trying to climb higher in 2023. The Trade Desk (NASDAQ: TTD) has been one of my favorite growth stocks to buy and hold. Notably, analysts expect at least 20% annual revenue growth over the next four years. It’s why Palo Alto is still growing, and why it’s now one of the few GAAP-profitable firms in its industry, with a long runway of growth ahead. That’s why its business continued to grow throughout 2022. There’s a seemingly endless list of innovative cyber-criminal activity, and firms like Palo Alto must stay ahead of it. They’ll sell that data or information and/or look for payment to recover it. They will continue to go after customer data from retailers, while attacking governments, defense contractors, consumers and corporations. economic expansion, etc.), there will always be cyber crime.Ĭybercriminals will continue to pester, hack and shake-down larger organizations, looking for a payout on their attacks. Regardless of the economic backdrop (bull market vs. Given the current landscape of the technology sector, it’s very hard to ignore the secular tailwinds supporting Palo Alto Networks (NASDAQ: PANW). So without further ado, let’s look at a few growth stocks to buy and hold for the long-term. If these stocks ever stop commanding a premium, it essentially means that it has run out of growth. My mindset shifted once I accepted the fact that high-quality, high-growth stocks commanded a premium - and always will command a premium. Valuation likely keeps a lot of investors away from high-quality growth stocks. That goes double for more traditional, valuation-based investors. Of course, finding quality growth stocks to buy can also be rather difficult.

However, the potential returns with such stocks over a longer time horizon can be much more attractive. Scooping up high-quality businesses when a given stock is in a free-fall can be terrifying. Once in a while, investors must be willing to pull the trigger amid the downtrends the market provides. While those types of gains in such a short span seem unsustainable, they do have investors looking for growth stocks to buy and hold. Many stocks in this group have climbed 50% or more so far to start the year. After a brutal 2022, we’ve seen a resurgence in tech stocks so far in 2023.

Hold the line stocks