‘We Will Shine’: Cathie Wood’s Optimism and Her 5 Most Ambitious Stock Picks

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1. Fathom Digital Manufacturing Corporation (NYSE:FATH)

Number of Hedge Fund Holders: 12

Fathom Digital Manufacturing Corporation (NYSE:FATH) is a Wisconsin-based company that provides a digital manufacturing platform, product development, and manufacturing services in North America. The company serves the technology, defense, aerospace, medical, automotive, and IOT sectors. Cathie Wood’s ARK Investment Management added Fathom Digital Manufacturing Corporation (NYSE:FATH) to its Q1 portfolio, buying 886,752 shares worth $5.48 million. 

On May 17, Needham analyst James Ricchiuti reiterated a Buy recommendation on Fathom Digital Manufacturing Corporation (NYSE:FATH) but lowered the price target on the shares to $9 from $12. According to the analyst, the company reported “solid” Q1 results despite the COVID disruptions in the United States and with its outsource partners in China. The analyst added that while demand trends are robust across Fathom Digital Manufacturing Corporation (NYSE:FATH)’s business, he is cutting his estimates to account for an uncertain macro backdrop.

Among the hedge funds tracked by Insider Monkey, 12 funds were bullish on Fathom Digital Manufacturing Corporation (NYSE:FATH) at the end of March 2022, compared to 17 funds in the prior quarter.

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