5 Best Growth Stocks to Buy According to Hedge Funds

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1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 269

Microsoft Corporation (NASDAQ:MSFT) creates and supports software, services, hardware, and other products. Michael Larson’s Bill & Melinda Gates Foundation Trust is the biggest stakeholder of Microsoft Corporation (NASDAQ:MSFT) as of September this year, increasing its stake in the company by an impressive 4057% in Q3, holding 39.26 million shares worth almost $9.14 billion.

Gil Luria, an analyst at DA Davidson, initiated coverage of Microsoft Corporation (NASDAQ:MSFT) on January 4 rating the stock as ‘Buy’ with a $270 price target. According to the analyst, the firm should remain robust in the face of a future global economic crisis, which justifies the stock’s premium value.

Here’s what TimesSquare Capital Management said about Microsoft Corporation (NASDAQ:MSFT) in its Q3 2022 investor letter:

“Microsoft Corporation (NASDAQ:MSFT) develops, licenses, and supports software solutions worldwide. Fiscal fourth quarter results were generally in line with consensus estimates, though profits missed slightly. While its Azure cloud business continues to perform well, the personal computer market has declined with inflation having an impact. Its shares experienced a -9% selloff.”

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