5 Stocks Better than AMC According to Hedge Funds

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1. Workday, Inc. (NASDAQ:WDAY)

Number of Hedge Fund Holders: 72  

Workday, Inc. (NASDAQ:WDAY) is ranked first on our list of 10 stocks better than AMC according to hedge funds. The company markets enterprise cloud applications and is headquartered in California. 

On September 20, investment advisory Wells Fargo initiated coverage of Workday, Inc. (NASDAQ:WDAY) stock with an Overweight rating and a price target of $320, appreciating the second quarter earnings results of the company. 

At the end of the second quarter of 2021, 72 hedge funds in the database of Insider Monkey held stakes worth $5.18 billion in Workday, Inc. (NASDAQ:WDAY), up from 69 in the previous quarter worth $5.17 billion.

In its Q1 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Workday, Inc. (NASDAQ:WDAY) was one of them. Here is what the fund said:

“In addition to the new issue market, we have been tactically adding growth exposure. We took advantage of the selloff in disruptors that comprise a large portion of the portfolio to initiate a position in enterprise software maker Workday.”

You can also take a peek at 10 Cheap Small-Cap Stocks to Buy and 10 Penny Stocks with Upcoming Growth Catalysts.

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