5 Best Stocks to Buy and Hold for 3 Years

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1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 259

Everyone seems bullish on Microsoft Corporation (NASDAQ:MSFT) these days, as the company keeps making headlines with its AI advances. Microsoft Corporation (NASDAQ:MSFT) is also the most popular stock among the 943 hedge funds tracked by Insider Monkey. 259 hedge funds entered the first quarter of 2023 with Microsoft Corporation (NASDAQ:MSFT) in their portfolios.

Morgan Stanley thinks Microsoft Corporation (NASDAQ:MSFT) is on a path to deliver five quarters of “accelerating EPS growth from the Q2 trough.” The firm thinks Microsoft Corporation (NASDAQ:MSFT) is “significantly undervalued at current levels.” Morgan Stanley has a $307 price target on the stock. As of market close on April 13 Microsoft Corporation (NASDAQ:MSFT) was trading at around $289.

You can also take a peek at 10 Most Profitable Small Businesses in 2023 and 10 Best April Dividend Stocks To Buy.

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