5 Most Promising Stocks to Buy Before They Take Off

3. BeiGene, Ltd. (NASDAQ:BGNE)

Performance (YTD) as of April 23: -20.55%

Average Upside Potential as of April 23: 80.39%

Number of Hedge Fund Holders: 15

BeiGene, Ltd. (NASDAQ:BGNE) is a Cayman Islands-based company that develops and commercializes oncology medicines. The stock is one of the most promising stocks to buy before they take off.

BeiGene, Ltd. (NASDAQ:BGNE) has gone down by 20.55% year-to-date, as of April 23. BeiGene, Ltd. (NASDAQ:BGNE) has a consensus Buy rating among 9 analysts, and its average price target of $252.11 represents an upside of 80.39% from current levels, as of April 23.

In Q4 of 2023, 15 hedge funds held positions in BeiGene, Ltd. (NASDAQ:BGNE), and their total stakes amounted to $2.891 billion. As of the fourth quarter of 2023, Baker Bros. Advisors is the most prominent shareholder in the company with a position worth $1.906 billion.

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