5 Best Russell 2000 Stocks To Buy According To Hedge Funds

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1. Cytokinetics, Incorporated (NASDAQ:CYTK)

Number of Hedge Fund Holders: 66

Cytokinetics, Incorporated (NASDAQ:CYTK) ranks 1st on our list of the best Russell 2000 stocks. It is a late-stage biopharmaceutical company focusing on the discovery, development, and commercialization of muscle activators and inhibitors for treatments of debilitating diseases. The recent decline in Cytokinetics, Incorporated (NASDAQ:CYTK) shares, linked in part to the announcement of the departure of its chief financial officer recently, is seen as a buying opportunity by Truist analyst Srikripa Devarakonda. The analyst assigned Cytokinetics, Incorporated (NASDAQ:CYTK) stock a Buy rating and an $86 price target. 

According to Insider Monkey’s fourth quarter database, 66 hedge funds were bullish on Cytokinetics, Incorporated (NASDAQ:CYTK), up from 34 funds in the earlier quarter. Christopher Medlock James’ Partner Fund Management is the biggest stakeholder of the company, with 1.75 million shares worth $146.70 million. 

Carillon Eagle Small Cap Growth Fund stated the following regarding Cytokinetics, Incorporated (NASDAQ:CYTK) in its fourth quarter 2023 investor letter:

“Cytokinetics, Incorporated (NASDAQ:CYTK) is a clinical-stage biopharmaceutical company focusing on the discovery and development of therapeutic agents that modulate muscle function for the treatment of diseases and medical conditions. The company reported success in clinical trials for Aficamten, a treatment for symptomatic obstructive hypertrophic cardiomyopathy. Investors are optimistic about the prospects for this medication, which could turn out to be a safer, more effective alternative to the current market leader.”

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