10 Best Momentum Stocks to Buy Right Now

4. GE Aerospace (NYSE:GE)

Year-to-Date Performance: 55.92%

Number of Hedge Fund Holders: 104

GE Aerospace (NYSE:GE) ranks among the best momentum stocks to buy. On July 18, UBS increased its price target for GE Aerospace (NYSE:GE) from $300 to $321, while keeping the stock’s Buy rating. The firm stated that GE’s dominant market position, robust execution, and strong end market demand were the main drivers of the higher valuation.

According to UBS, GE Aerospace (NYSE:GE) raised its guidance for both 2025 and 2028, although the updated projections still adhere to the company’s generally cautious stance. The firm highlighted several conservative aspects of GE’s 2028 projection, including low single-digit price hikes and retirement rates for CFM56 engines at 3-4% as opposed to 1.5% in 2025.

Despite the initial performance of the LEAP engines, UBS also pointed out that GE’s Commercial Engine Services (CES) margin expectations were flat. Nonetheless, the firm believes that there is still an opportunity for improvement in these cautious projections.

The aerospace spin-off of the General Electric conglomerate, GE Aerospace (NYSE:GE) specializes in manufacturing jet engines and propulsion systems for a variety of aircraft, including private planes, military jets, and commercial airliners.