10 Best Penny Stocks to Buy According to Hedge Funds

3. Clarivate Plc (NYSE:CLVT)

​Stock Price: $3.69

Number of Hedge Fund Holders: 33

Clarivate Plc (NYSE:CLVT) is one of the best penny stocks to buy according to hedge funds. On September 29, RBC Capital analyst Ashish Sabadra assigned a Hold rating to Clarivate Plc (NYSE:CLVT) and set a price target of $6.00.

However, Wolfe Research initiated coverage of the stock on September 3 with a Peer Perform rating, assigning a $4 to $5 fair value range.

The firm told investors that while Clarivate Plc (NYSE:CLVT) boasts a strong market share with limited competition, it faces risks from sources such as AI disintermediation, tighter university and healthcare budgets, and a relatively high net leverage ratio.

Clarivate Plc (NYSE:CLVT) has an analyst consensus rating of Hold, and the stock’s median price target of $3.68 implies an upside of 35.87% from current levels.

Clarivate Plc (NYSE:CLVT) provides global information, workflow solutions, and analytics. The company operates through the following segments: Academia and Government (A&G), Intellectual Property (IP), and Life Sciences and Healthcare (LS&H).