5 Best New Tech Stocks to Buy Now

1. R1 RCM Inc. (NASDAQ:RCM)

Number of Hedge Fund Holders: 37  

R1 RCM Inc. (NASDAQ:RCM) provides technology-driven solutions that transform the patient experience and financial performance of hospitals, health systems, and medical groups. On December 8, R1 RCM posted earnings for the third quarter of 2022, reporting losses per share of $0.07, missing market estimates by $0.19. The revenue over the period was $496 million, up 30.6% compared to the revenue over the same period last year and missing market estimates by $27.69 million.

On December 7, Guggenheim analyst Jack Wallace upgraded R1 RCM Inc. (NASDAQ:RCM) stock to Buy from Neutral with a $15 price target, noting that when the company provides its initial guidance in January, there is greater potential upside than negative for its FY23 expectations.  

At the end of the third quarter of 2022, 37 hedge funds in the database of Insider Monkey held stakes worth $446.6 million in R1 RCM Inc. (NASDAQ:RCM), compared to 30 in the preceding quarter worth $262 million. 

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