10 Best Stocks Under $20 to Buy According to Hedge Funds

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6. Viatris Inc. (NASDAQ:VTRS)

Viatris Inc. (NASDAQ:VTRS) is one of the best stocks under $20 to buy according to hedge funds. On February 27, UBS raised its price target on Viatris Inc. (NASDAQ:VTRS) from $18 to $20 and maintained a Buy rating. UBS said the company achieved expected cost-saving targets and the company’s fiscal year 2026 guidance came in above analysts’ consensus expectations.

UBS said that it is focused on Viatris Inc.’s (NASDAQ:VTRS) investor event scheduled for March 19. The firm believes the event could help outline a foundation for the company that supports long-term mid-single-digit revenue growth targets. UBS also believes that the company can deliver EPS growth at a compound annual growth rate in the teens during its next growth phase, which could lead to a higher valuation multiple for the stock. This view is supported by Viatris Inc.’s (NASDAQ:VTRS) announcement of cost-saving initiatives.

Earlier, on February 26, BofA also raised its price target on Viatris Inc. (NASDAQ:VTRS) from $10 to $12 but maintained its Underperform rating on the stock.

The research firm updated its financial model to include Viatris Inc.’s (NASDAQ:VTRS) announced cost-cutting efforts. The company plans to achieve about $400 million in net cost reductions over three years. Roughly half of the savings are expected to come from lowering the cost of goods sold.

Viatris Inc. (NASDAQ:VTRS) is a global healthcare company focused on providing access to generic and brand-name medicines across various therapeutic areas.

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