11 Best Stocks Under $15 to Buy According to Hedge Funds

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5. Snap Inc. (NYSE:SNAP)

Share Price: $8.45

Number of Hedge Fund Holders: 44

Snap Inc. (NYSE:SNAP) is an American technology and social media company that ranks among the best stocks under $15 to buy according to hedge funds. The company’s main products are Snapchat, a visual messaging app; Lens Studio, an augmented reality (AR) platform; and Spectacles, the company’s AR glasses.

On April 30, BMO Capital Markets reduced its price target on its outlook on Snap Inc. (NYSE:SNAP) from $16.00 to $13.00 but maintained an “Outperform” rating. The company decided not to provide revenue guidance for Q2 2025, citing limited visibility due to uncertain economic conditions. For Q1 2025, Snap Inc. (NYSE:SNAP) reported a quarter-over-quarter decline in daily active users (DAUs) in North America. Despite these issues, BMO Capital pointed out that the company had a 60% year-over-year increase in active advisers on the platform. This helped drive a 14% rise in direct response advertising revenue. This growth remained steady compared to Q4 2024 and was seen as strong given tougher year-over-year comparisons. BMO Capital also noted that Snap Inc. (NYSE:SNAP) is strategically focused on content creators, which is helping boost user engagement on the platform and could help reduce further declines in North American DAUs.

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