5 Most Promising Stocks to Buy According to Hedge Funds

Page 5 of 5

1. Alibaba Group Holding Limited (NYSE:BABA)

Number of Hedge Fund Holders: 110

Average Analyst Price Target: $127

Alibaba Group Holding Limited (NYSE:BABA) tops our list of the most promising stocks to buy according to hedge funds. One-year average price target on Alibaba Group Holding Limited (NYSE:BABA) is $127. Alibaba Group Holding Limited (NYSE:BABA) is currently a topic of discussion following Jack Ma’s surprise post on the company’s internal forum where he urged the company to “correct course” and called the age of AI an opportunity as well as a challenge for the company. Ma also praised ecommerce rival PDD.

Alibaba Group Holding Limited (NYSE:BABA) so far hasn’t lived up to the expectations the Street once had with the largest Chinese ecommerce giant. Alibaba Group Holding Limited (NYSE:BABA) is down about 18% over the past year.

Out of the 910 hedge funds tracked by Insider Monkey, 110 funds had stakes in Alibaba Group Holding Limited (NYSE:BABA). The biggest hedge fund stakeholder of Alibaba Group Holding Limited (NYSE:BABA) was Ken Fisher’s Fisher Asset Management which owns a $334 million stake in the company.

You can also take a peek at 25 Worst States for Human Trafficking in America and 20 Most Common Places to Get Kidnapped.

Page 5 of 5