5 Best FAANG Stocks To Buy Now

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1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 259

Microsoft Corporation (NASDAQ:MSFT) is the best FAANG stock to buy now according to hedge funds. The stock has gained 24.61% over the past 6 months, as of April 13.

On April 12, Wedbush analyst Daniel Ives raised his price target on Microsoft Corporation (NASDAQ:MSFT) to $315 from $290 and reiterated an Outperform rating on the shares.

259 hedge funds disclosed having stakes in Microsoft Corporation (NASDAQ:MSFT) at the end of Q4 2022. The total value of these stakes amounted to $58.6 billion. As of December 31, Bill & Melinda Gates Foundation Trust is the largest shareholder in the company and has a stake worth $9.4 billion.

Diamond Hill Capital made the following comment about Microsoft Corporation (NASDAQ:MSFT) in its Q4 2022 investor letter:

“Other bottom contributors to return included railroad operator Union Pacific, software and IT services provider Microsoft Corporation (NASDAQ:MSFT), and banking and financial services company Truist Financial. Union Pacific and Microsoft, though among our bottom contributors, still contributed positively to performance in Q4 as their share prices rose 7% and 3%, respectively. Truist’s stock ended flat in Q4.”

Follow Microsoft Corp (NASDAQ:MSFT)

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