5 Best Cheap Growth Stocks To Buy Now

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1. Meta Platforms, Inc. (NASDAQ:META)

Latest Price To Earnings Ratio: 28.22

Number of Hedge Fund Investors In Q2 2023: 225

Meta Platforms, Inc. (NASDAQ:META) runs and owns Facebook, Instagram, and WhatsApp. A strong potential to leverage AI in its business models has left analysts impressed it seems, as the average share rating is Strong Buy with a small $13 share price upside.

Out of the 910 hedge funds part of Insider Monkey’s Q2 2023 research, 225 had bought a stake in the company. Meta Platforms, Inc. (NASDAQ:META)’s biggest hedge fund shareholder is Peter Rathjens, Bruce Clarke, and John Campbel’s Arrowstreet Capital courtesy of its $3 billion investment.

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Disclosure: None. You can also take a look at 14 Best Cyclical Stocks To Invest In and 15 Best American Dividend Stocks To Buy Now.

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