5 Best Undervalued Stocks to Buy According to Reddit

3. Cleveland-Cliffs Inc. (NYSE:CLF)

Number of Hedge Fund Holders: 41 

Cleveland-Cliffs Inc. (NYSE:CLF) operates as a steel producer. In late September, investment advisory B Riley maintained a Buy rating on Cleveland-Cliffs Inc. (NYSE:CLF) stock and lowered the price target to $25 from $26. 

At the end of the third quarter of 2023, 41 hedge funds in the database of Insider Monkey held stakes worth $741 million in Cleveland-Cliffs Inc. (NYSE:CLF), compared to 37 in the preceding quarter worth $425 million.