5 Best Marketing Stocks to Buy

3. Boston Omaha Corporation (NYSE:BOC)

Number of Hedge Fund Holders: 10

Average Analyst Price Target Upside: 70.8%

Boston Omaha Corporation (NYSE:BOC) is a holding company that is involved in the advertising agencies industry through its outdoor billboard advertising business called Link Media Outdoor. The business has a presence in mid and large-sized markets in 12 states across the U.S.

Based on 2 Wall Street analysts’ ratings in the last three months, Boston Omaha Corporation (NYSE:BOC) has an average price target of $26.50, representing an upside of 70.8% from the current levels, as of May 9.

On April 29, TD Cowen analyst Lance Vitanza lowered the price target on Boston Omaha Corporation (NYSE:BOC) to $30 from $35 and kept a Buy rating on the shares. The stock is among the best marketing stocks to buy.

In the fourth quarter of 2023, 10 hedge funds held stakes in Boston Omaha Corporation (NYSE:BOC), with positions worth $97.066 million. As of Q4 of 2023, Magnolia Capital Fund is the most significant shareholder in the company with a position worth $87.9 million.

River Oak Capital stated the following regarding Boston Omaha Corporation (NYSE:BOC) in its fourth quarter 2023 investor letter:

“Boston Omaha Corporation (NYSE:BOC) is a holding company that divides itself into four main segments: Billboard, Insurance, Broadband and Asset Management. It is our third largest position in the fund and now has a market cap of $495m.

Earlier this year, I went to the Boston Omaha shareholder meeting where I was able to briefly catch up with co-CEO’s Adam Peterson and Alex Rozek as well as connect with a few of their key team members.

Over the past few years, I have also spent time with Gary Solomon – Chairman of Crescent Bank, Tal Keinan – CEO of Sky Harbour, and Ben Elkins – CEO of Airebeam. Each of their companies are backed by Boston Omaha.

Not only are all three impressive individuals who are top of class in their industry but what truly amazed me is they each had almost identical feedback on their wonderful partnership with Adam and Alex…” (Click here to read the full text)