11 Hot Large Cap Stocks to Buy According to Hedge Funds

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1. Insmed Incorporated (NASDAQ:INSM)

Market Cap: $28.77 billion

Gain Over the Past 1 Month: 26.86%

Number of Hedge Fund Holders: 82

Insmed Incorporated (NASDAQ:INSM) is one of the best hot large cap stocks to buy according to hedge funds. In a report released on August 22, Liisa Bayko from Evercore ISI maintained a Buy rating on Insmed Incorporated (NASDAQ:INSM) with a price target of $110.00.

The company also received a Buy from Mizuho Securities’s Graig Suvannavejh in a report issued on August 21.

The same day, Morgan Stanley analyst Maxwell Skor raised the firm’s price target on Insmed Incorporated (NASDAQ:INSM) to $144 from $126, keeping an Equal Weight rating on the shares.

The analyst told investors that conversations held with management and a key opinion leader physician led the firm to revise its model to take into account the broader lifecycle potential of the company’s portfolio and the durability of brensocatib’s cash flows.

Insmed Incorporated (NASDAQ:INSM) is a global biopharmaceutical company that develops and commercializes therapies for patients with rare diseases. The company focuses on the Brensocatib and Treprostinil Palmitil Inhalation Powder (TPIP) pipeline.

While we acknowledge the potential of INSM to grow, 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 INSM and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

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