5 Best Stocks to Buy on Robinhood for Beginners

Page 5 of 5

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 259

Microsoft Corporation (NASDAQ:MSFT) is one of the best stocks to buy for beginners on Robinhood.

Recently, Evercore ISI increased its price target on Microsoft Corporation (NASDAQ:MSFT) to $295 from $280.

Microsoft Corporation (NASDAQ:MSFT) has been gaining attention in 2023 amid the AI mania. Microsoft Corporation (NASDAQ:MSFT) continues to integrate ChatGPT with its tools and apps.

Microsoft Corporation (NASDAQ:MSFT) is also the most popular stock among the 943 hedge funds tracked by Insider Monkey. A total of 259 hedge funds in Insider Monkey’s database had stakes in Microsoft Corporation (NASDAQ:MSFT). The biggest stakeholder of Microsoft Corporation (NASDAQ:MSFT) after Bill & Melinda Gates Foundation was TCI Fund Management of Chris Hohn which had a $5.3 billion stake.

Ariel Global Strategy made the following comment about Microsoft Corporation (NASDAQ:MSFT) in its Q4 2022 investor letter:

“Enterprise software provider Microsoft Corporation (NASDAQ:MSFT) also traded lower, as higher interest rates and economic concerns have created headwinds for growth-oriented technology companies. We believe this price action runs counter to Microsoft’s solid fundamentals, competitive positioning and long-term business outlook. We continue to anchor on the company driving value creation by capitalizing on a broad and deep set of opportunities, most notably within hybrid cloud infrastructure. The platform continues to demonstrate share gains and strong multi-year purchase intent as enterprises transition to cloud based platforms. At current trading levels, we believe Microsoft’s risk/reward is skewed to the upside.”

You can also take a peek at 15 Most Promising Dividend Stocks According to Analysts and 15 Most Promising Long-Term Stocks.

Page 5 of 5