10 Best Materials Stocks to Invest in According to Hedge Funds

Page 10 of 10

1. Linde plc (NASDAQ:LIN)

Potential Upside: 15.2%

Number of Hedge Fund Holders: 76

Linde plc (NASDAQ:LIN) is one of the best Materials stocks to invest in according to Hedge Funds.

On January 20, Citi analyst Patrick Cunningham maintained his bullish views on Linde plc (NASDAQ:LIN). The analyst assigned a Buy rating and also raised his price target from $520 to $540, yielding an upside of almost 25% at the prevailing level.

On December 17, BMO Capital also reaffirmed its Outperform rating on Linde plc (NASDAQ:LIN), based on the company’s encouraging growth prospects. The firm assigned a $501 target price, which results in almost 16% upside potential for investors.

The firm reflected on management’s recent business review, highlighting the company’s potential to generate EPS growth above 10% range through multiple avenues. Management also delivered an artificial intelligence presentation, which, according to BMO Capital, would generate operational efficiencies and cost savings for the business. The firm also noted management’s view that the stock is underpriced following a three-month sell-off, offering attractive entry points for investors.

Linde plc (NASDAQ:LIN) is a global player in industrial gases and engineering solutions. It supplies atmospheric and process gases, including hydrogen, oxygen, nitrogen, carbon dioxide, helium, and argon. It also operates a healthcare subsidiary to offer medical gases for respiratory care. Other offerings include surface coatings, metal powders, and carbon capture.

While we acknowledge the potential of LIN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than LIN and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 15 Most Promising Mid-Cap Healthcare Stocks Under $50 and 11 Most Promising Small-Cap Industrial Stocks Under $50.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 10 of 10