5 Best Stocks To Invest In 2023 For Beginners

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1. Microsoft Corporation (NASDAQ:MSFT

Revenue Growth (YoY): 10.38%

3-Year Revenue Growth: 14.98%

Number of Hedge Fund Holders: 259

This April, KeyBanc analyst Michael Turits raised his price target on Microsoft Corporation (NASDAQ:MSFT) to $335 from $316 and reiterated an Overweight rating on the shares.

Shares of Microsoft Corporation (NASDAQ:MSFT) have gone up by 19.28% since the beginning of 2023, as of April 21. The company grew its revenue by 10.38% year over year in fiscal 2022, and has a 3-year revenue CAGR of 14.98%. Microsoft Corporation (NASDAQ:MSFT) is the best beginner stock to buy in 2023, according to hedge funds.

At the close of the fourth quarter of 2022, 259 hedge funds were eager on Microsoft Corporation (NASDAQ:MSFT) and held stakes worth $58.6 billion in the company. Of those, Bill & Melinda Gates Foundation Trust was the leading stockholder in the company and held a position worth $9.4 billion.

Diamond Hill Capital made the following comment about Microsoft Corporation (NASDAQ:MSFT) in its Q4 2022 investor letter:

“Other bottom contributors to return included railroad operator Union Pacific, software and IT services provider Microsoft Corporation (NASDAQ:MSFT), and banking and financial services company Truist Financial. Union Pacific and Microsoft, though among our bottom contributors, still contributed positively to performance in Q4 as their share prices rose 7% and 3%, respectively. Truist’s stock ended flat in Q4.”

Follow Microsoft Corp (NASDAQ:MSFT)

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