10 Best Multibagger Stocks to Buy According to Billionaires

5. Alignment Healthcare, Inc. (NASDAQ:ALHC)

Number of Hedge Fund Holders: 29

Number of Billionaire Holders: 9

1-Year Gain as of April 22: 249.30%

Alignment Healthcare, Inc. (NASDAQ:ALHC) is a healthcare company that operates a consumer-centric healthcare platform for seniors. Through the platform, it delivers customized healthcare experiences to meet the needs of seniors through its Medicare Advantage plans. While the stock is up by about 249% over the past year, analysts at Baird insist it could edge higher, having upgraded it to an Outperform and hiked the price target to $22.

According to Baird, Alignment Healthcare, Inc. (NASDAQ:ALHC) is experiencing robust growth owing to its focus on domestic Medicare Advantage and Prescription drug plans. The company achieved a 35% year-over-year growth in members to 209,900 as of January 1. It expects robust growth to persist, with forested growth of between 22% and 25% among health plan members before the end of the year.

Alignment Healthcare, Inc.’s (NASDAQ:ALHC) ability to scale profitability while achieving solid growth underscores why it is one of the best multibagger stocks to buy, according to billionaires. The company delivered solid fourth-quarter 2024 results, with revenues increasing 50.7% to $701.2 million. It expects Q1 2025 revenues to be $887.5 million, 4.1% above the analysts’ target. It has also conducted significant leadership changes with the appointment of Dr. Arta Bakshandeh as President of AVA® and Aly Duzich as Chief Experience Officer. The leadership changes are tailored to scaling the company’s AI-enabled Medicare Advantage platform.