11 Hot Large Cap Stocks to Buy According to Hedge Funds

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4. Affirm Holdings, Inc. (NASDAQ:AFRM)

Market Cap: $28.81 billion

Gain Over the Past 1 Month: 29.03%

Number of Hedge Fund Holders: 70

Affirm Holdings, Inc. (NASDAQ:AFRM) is one of the best hot large cap stocks to buy according to hedge funds. On August 29, JPMorgan raised the firm’s price target on Affirm Holdings, Inc. (NASDAQ:AFRM) to $94 from $91, keeping an Overweight rating on the shares.

The rating update came after the fiscal Q4 report, with the firm telling investors in a research note that Affirm Holdings, Inc.’s (NASDAQ:AFRM) gross merchandise volume growth surpassed 40% for the first time since the pandemic.

It added that the company’s notional volume growth attained the highest level on record. The firm also stated that Affirm Holdings, Inc.’s (NASDAQ:AFRM) guidance surpassed expectations on most key metrics.

Affirm Holdings, Inc. (NASDAQ:AFRM) is involved in the operation of a platform for digital and mobile-first commerce. The company’s platform comprises three core elements, including merchant commerce solutions, a point-of-sale payment solution for consumers, and a consumer-focused app.

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