12 Most Buzzing Stocks to Buy According to Hedge Funds

9. Banco Bradesco S.A. (NYSE:BBD)

Volume: 57.3 Million

Average Volume (3-Month): 38.3 Million

Number of Hedge Fund Holders: 22

Banco Bradesco S.A. (NYSE:BBD) is a financial services company that specializes in the provision of various financial and insurance services. Through its insurance segment, BBD provides coverage for auto, health, life, accident, and property insurance lines. Over the past few months, the company has worked tirelessly to achieve the status of a rapidly growing digital financial services company. For instance, in the third quarter of 2024, Banco Bradesco S.A. (NYSE:BBD) closed down some of its physical branches to direct more resources to its digital banking services. In addition to that, during the quarter, the company acquired a 20% share in the Santa Group.

On the financial front, Banco Bradesco S.A. (NYSE:BBD) generated R$30.6 billion, up 3.7% sequentially. Similarly, the company saw a 2.7% sequential increase in net interest income and an 8.7% growth in its insurance business. In addition to standard banking services, BBD has a growing focus on providing loans to small and medium enterprises and is one of the leaders in these types of loans in Brazil. BBD’s stable position is reflected in the market sentiment for the stock. On January 13, for instance, HSBC upgraded the stock to buy from hold, with a price target of $2.8. Overall, analysts are bullish on the stock and their median price target of $4.5 represents an upside of 107%.