5 Best Undervalued Stocks to Buy According to Reddit

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1. Alibaba Group Holding Limited (NYSE:BABA)

Number of Hedge Fund Holders: 110   

Alibaba Group Holding Limited (NYSE:BABA) provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People’s Republic of China and internationally. On December 1, investment advisory Loop Capital maintained a Buy rating on Alibaba Group Holding Limited (NYSE:BABA) stock and lowered the price target to $115 from $125. 

At the end of the third quarter of 2023, 110 hedge funds in the database of Insider Monkey held stakes worth $3.3 billion in Alibaba Group Holding Limited (NYSE:BABA), compared to 112 in the preceding quarter worth $4.1 billion. 

You can also take a peek at 12 Best Environmental Stocks to Invest In and 10 Best Nickel Stocks to Buy Now.

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