5 Most Undervalued Growth Stocks To Buy According To Hedge Funds

2. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holders: 293

Share Price Gains Year-t0-Date: 19.4%

Upside Potential: 16.9%

Amazon.com, Inc. (NASDAQ:AMZN) is a broad-line retail company. It operates an e-commerce platform alongside a successful cloud computing business named Amazon Web Services.

In the fourth quarter, 293 hedge funds were long Amazon.com, Inc. (NASDAQ:AMZN), with a total stake value of $50.9 billion.

A Buy rating and $195 price target were reiterated on Amazon.com, Inc. (NASDAQ:AMZN) on March 22 by Truist Securities analysts.

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