In this article, we will look at the 10 Best Booming Stocks to Buy According to Hedge Funds.
On April 23, HSBC’s Max Kettner appeared on CNBC’s ‘Closing Bell’ to talk about how investors should position amid earnings season, where he is bullish, and more.
According to him, sentiment positioning is screaming “buy” right now, and a lot further depends on the next two weeks, especially the mega cap earnings. He does not think that you want to be underweight stocks here going into these earnings, adding that he would really struggle to find a particular bearish reason to be underweight tech or bearish on the tech side. Investors, therefore, do not want to be underweight stocks before mega cap earnings, according to him.
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Kettner further believes that in the next two weeks, that is probably the sector that can propel us a bit higher, perhaps to new all-time highs once again. He also said that he is pretty much bullish on every risk asset that he can, whether it is high yield, emerging market credit, emerging market local currency debt, or equities; it is really across the risk asset spectrum.
With these broader market trends in view, let’s look at the best booming stocks to buy according to hedge funds.
Our Methodology
We used screeners to identify U.S.-based stocks with market capitalizations of at least $2 billion that had surged at least 20% over the past three months. To validate the bullish trend, we narrowed our list to companies with a 50-DMA above a 200-DMA. From there, we selected the top 10 stocks with the highest number of hedge fund holders, as of Q4 2025. We sourced the hedge fund sentiment data from Insider Monkey’s database.
Note: All data was recorded on April 23.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
10 Best Booming Stocks to Buy According to Hedge Funds
10. Dell Technologies Inc. (NYSE:DELL)
Dell Technologies Inc. (NYSE:DELL) is one of the best booming stocks to buy according to hedge funds. On April 21, Citi lifted the price target on Dell Technologies Inc. (NYSE:DELL) to $235 from $180 and maintained a Buy rating on the shares. The firm sees strong order visibility for the company due to AI server momentum and improving storage execution, and views its second half of 2026 guidance as prudent.
For reference, in its financial results for fiscal Q4 2026 and full year fiscal 2026, Dell Technologies Inc. reported record full-year revenue of $113.5 billion, up 19% year over year, record full-year diluted earnings per share (EPS) of $8.68, up 36% year over year, and record full-year non-GAAP diluted EPS of $10.30, up 27%. It also reported record full-year cash flow from operations of $11.2 billion, and announced a cash dividend increase of 20% and a $10 billion increase in share repurchase authorization.
Dell Technologies Inc. also provided FY27 financial guidance, with a full-year revenue growth of 23% at the midpoint, diluted EPS growth of 33% at the midpoint, and non-GAAP diluted EPS growth of 25% at the midpoint.
Dell Technologies Inc. is a technology company that offers customers an innovative and broad solution portfolio to help customers address workforce transformation, modernize their information technology (IT) infrastructure, and offer critical solutions to keep organizations and people connected. Its operations are divided into the following segments: Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).
9. KLA Corporation (NASDAQ:KLAC)
KLA Corporation (NASDAQ:KLAC) is one of the best booming stocks to buy according to hedge funds. On April 21, UBS lifted the price target on KLA Corporation (NASDAQ:KLAC) to $1,835 from $1,575 while reaffirming a Neutral rating on the shares. The firm updated its model on the stock ahead of the quarterly earnings report. KLA Corporation is set to report fiscal Q3 2026 earnings on Wednesday, April 29, at 2 p.m. PT.
For additional reference, in its financial and operating results for fiscal Q2 2026, KLA Corporation reported total revenues of $3.30 billion, above the midpoint of the guidance range of $3.225 billion +/- $150 million. Management further reported that GAAP diluted EPS was $8.68 and non-GAAP diluted EPS was $8.85, both above the midpoints of the respective guidance ranges. In addition, cash flow from operating activities for the quarter and last twelve months were $1.37 billion and $4.77 billion, respectively, while free cash flow was $1.26 billion and $4.38 billion, respectively.
KLA Corporation is involved in the supply of process control and yield management solutions for the semiconductor and related nano-electronics industries. The company’s operations are divided into the following operations: Semiconductor Process Control, Specialty Semiconductor Process, and PCB, Display, and Component Inspection.
8. Sandisk Corporation (NASDAQ:SNDK)
Sandisk Corporation (NASDAQ:SNDK) is one of the best booming stocks to buy according to hedge funds. On April 20, Wells Fargo lifted the price target on Sandisk Corporation (NASDAQ:SNDK) to $975 from $675 and maintained an Equal Weight rating on the shares. Stating that “we’ve clearly missed SNDK,” the firm meaningfully increased its 2026 and 2027 EPS estimates to $125 and $150. However, it sees a consensus valuation view at about 6-7 times price to earnings on peak EPS, leaving limited upside to support a more constructive view.
Sandisk Corporation also received a rating update from BofA on April 17. The firm lifted the price target on the stock to $1,080 from $900, maintaining a Buy rating on the shares and telling investors that NAND pricing is up “massively”. BofA sees a longer cycle this time around, given a mix shift to data centers, NAND demand from AI inferencing, which it views as sustainable in the medium-term, and NAND suppliers being rational and adding supply “judiciously”.
Sandisk Corporation is involved in the development, manufacture, and provision of storage devices and solutions based on NAND flash technology. The company’s products include solid-state drives, memory cards, and USB flash drives.
7. Texas Instruments Incorporated (NASDAQ:TXN)
Texas Instruments Incorporated (NASDAQ:TXN) is one of the best booming stocks to buy according to hedge funds. On April 23, Truist lifted the price target on Texas Instruments Incorporated (NASDAQ:TXN) to $278 from $225 while reaffirming a Hold rating on the shares. The firm told investors in a research note that the company delivered an excellent fiscal Q1 result and fiscal Q2 guidance, with demand strength broadening from AI and data centers to Industrial. It further stated that trends should be even better for suppliers with greater leverage or margins that haven’t recovered yet.
The same day, Cantor Fitzgerald also lifted the price target on Texas Instruments Incorporated to $280 from $250 while reiterating a Neutral rating on the shares. The firm stated in a research note that the quarter was solid for the company, with results exceeding expectations across the board and reinforcing the bullish analog semiconductor outlook. It further told investors that although the near-term momentum appears solid, geopolitical risks and uncertainty around memory constraints in the second half warrant a more cautious and selective stance for the broader sector medium term.
Texas Instruments Incorporated is involved in the design and manufacture of semiconductors. The company’s operations are divided into the following segments: Analog, Embedded Processing, and Other.
6. Western Digital Corporation (NASDAQ:WDC)
Western Digital Corporation (NASDAQ:WDC) is one of the best booming stocks to buy according to hedge funds. UBS lifted the price target on Western Digital Corporation (NASDAQ:WDC) to $350 from $285 on April 21, reaffirming a Neutral rating on the shares. The firm told investors in a research note that the company is anticipated to report results near the top end of guidance for Q3, with strong sequential growth driven by higher ASPs and healthy hyperscaler demand. In addition, further improvement in fiscal Q4 is expected through continued pricing gains and margin expansion.
UBS also noted that although near-term fundamentals remain solid and supported by capacity and demand dynamics, the view remains that HDD stocks are still cyclical, with a longer-term downcycle pushed to at least late 2028 despite the current market treating the sector as more structurally stable than memory. Western Digital Corporation also received a rating update from Barclays on April 22. The firm lifted the price target on the stock to $405 from $325 and reaffirmed an Overweight rating on the shares.
Western Digital Corporation is involved in the development, manufacture, marketing, and sale of data storage devices and solutions.
5. Marvell Technology, Inc. (NASDAQ:MRVL)
Marvell Technology, Inc. (NASDAQ:MRVL) is one of the best booming stocks to buy according to hedge funds. Marvell Technology, Inc. (NASDAQ:MRVL) announced on April 22 the acquisition of Polariton Technologies, which develops high-speed, low-power plasmonics-based silicon photonics devices. Management stated that the acquisition bolsters the company’s optical technology portfolio through the addition of advanced modulation capabilities enabling “continued scaling in bandwidth, power efficiency, and integration for next-generation coherent and optical interconnect platforms”. The financial details and terms of the transactions were not disclosed to the public.
Marvell Technology, Inc. also stated that the acquisition further strengthens its end-to-end connectivity portfolio across switching, electro-optics, photonics, and custom silicon.
In another development, RBC Capital lifted the price target on Marvell Technology, Inc. to $170 from $115, maintaining an Outperform rating on the shares. The rating update came as part of a broader research note discussing the implications of the Amazon-Anthropic agreement. The firm told investors in a research note that it considers the announcement to be a material positive for AWS suppliers and gives the firm higher conviction in 2027 estimates, along with longer-term expectations for growth.
Marvell Technology, Inc. designs, develops, and sells integrated circuits. The company’s offerings include security solutions, data processing units, ethernet controllers, automotive, ethernet switches, ASICs, and more. Headquartered in Wilmington, Delaware, its operations are divided into the following geographical segments: the United States, Singapore, Israel, India, China, and Others.
4. Corning Incorporated (NYSE:GLW)
Corning Incorporated (NYSE:GLW) is one of the best booming stocks to buy according to hedge funds. Corning Incorporated (NYSE:GLW) received rating updates from BofA and Morgan Stanley on April 20. BofA lifted the price target on the stock to $186 from $155, and maintained a Buy rating on the shares. The firm told investors that it sees a path for the company to earn $9.49 in EPS by calendar year 2030 on its base case assumptions, which includes a potential $18.7 billion in scale-out revenue.
Morgan Stanley also raised the price target on Corning Incorporated, taking it to $140 from $127 and reaffirming an Equal Weight rating on the shares. The firm noted that optical stocks have continued to attain new heights, and that it does not expect the enthusiasm for optical names to “wane just yet, as there is nothing that disproves the bull case for now.”
Previously, Corning Incorporated was downgraded by JPMorgan to Neutral from Overweight on April 16, with the firm adjusting the price target on the stock to $175 from $115.
Corning Incorporated provides glass for flat panel desktop monitors, notebook computers, display televisions, and other information display applications, carrier network, and enterprise network products. The company’s operations are divided into the following segments: Optical Communications, Display, Specialty Materials, Automotive, and Life Sciences.
3. Caterpillar Inc. (NYSE:CAT)
Caterpillar Inc. (NYSE:CAT) is one of the best booming stocks to buy according to hedge funds. On April 21, Wells Fargo lifted the price target on Caterpillar Inc. (NYSE:CAT) to $960 from $870 while maintaining an Overweight rating on the shares. The firm also lifted 2026-2028 EPS as the new Solar Turbines project adds across data centers and gas compression enters its forecast set, while increasing lead times and pricing support out-year Power & Energy revenue visibility.
Caterpillar Inc. also received a rating update from Truist on April 20, with the firm lifting the price target on the stock to $920 from $786 while reaffirming a Buy rating on the shares. The rating update came as part of a broader research note previewing Q1 Results in Machinery, Infrastructure Services, and Multi-Industry names, with the firm stating that after a three-year period of contraction, March U.S. Manufacturing PMI was 52.7, following positive readings in January and February. Truist is seeing a positive setup for Q1 prints across the Industrials coverage.
Caterpillar Inc. is involved in the business of industrial gas turbines, manufacturing construction and mining equipment, off-highway diesel and natural gas engines, and diesel-electric locomotives. The company’s operations are divided into the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.
2. Intel Corporation (NASDAQ:INTC)
Intel Corporation (NASDAQ:INTC) is one of the best booming stocks to buy according to hedge funds. Intel Corporation (NASDAQ:INTC) announced financial results for fiscal Q1 2026 on April 23, reporting that revenue for the quarter reached $13.6 billion, up 7% year-over-year. First-quarter earnings (loss) per share attributable to the company were $0.73, while non-GAAP EPS attributable to Intel Corporation were $0.29. Management further reported that it is forecasting fiscal Q2 2026 revenue in the range of $13.8 billion to $14.8 billion, and is expecting fiscal Q2 2026 EPS attributable to the company of $0.08 and non-GAAP EPS of $0.20.
Intel Corporation also provided several business highlights, including the expansion of its client portfolio through the launch of Intel® Xeon® 600 processors for workstations, Intel® Core® Ultra 200S Plus and Intel® Core® Ultra 200HX Plus processors for desktops and mobile, Intel® Core™ Series 2 processors for health and life sciences edge computing, and Intel® Core™ Ultra Series 3 processors with Intel vPro®. The company also launched Intel® Core™ Series 3 processors.
Intel Corporation is involved in the design, sale, and manufacture of computer products and technologies. It delivers data storage, computer, networking, and communications platforms. The company’s operations are divided into the following segments: Client Computing Group (CCG), Data Center and AI (DCAI), Intel Foundry Services (IFS), and All Other.
1. GE Vernova Inc. (NYSE:GEV)
GE Vernova Inc. (NYSE:GEV) is one of the best booming stocks to buy according to hedge funds. Oppenheimer lifted the price target on GE Vernova Inc. (NYSE:GEV) to $1,303 from $1,139 on April 23 and maintained an Outperform rating on the shares. The firm stated that the company is continuing to benefit from better-than-expected demand, along with factors such as significant customer and geographic diversification. It further stated that the fiscal Q1 order activity at $18.3 billion was ahead of its expectation for $13.5 billion, suggesting the depth of demand and the value of its integrated solutions. This holds particularly true for its power management solutions, where the firm believes GE Vernova Inc. delivers differentiated system-level efficiency. Oppenheimer thus stated that it is encouraged by the management’s methodical price increases while continuing to drive operational efficiency.
The same day, RBC Capital also lifted the price target on GE Vernova Inc. to $1,195 from $996 while reaffirming an Outperform rating on the shares.
GE Vernova Inc. is involved in the electric power industry and operates through the following segments: Power, Wind, and Electrification.
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