Earlier on June 11, Jeff Richards of Notable Capital joined ‘Closing Bell’ on CNBC to express optimism about the upcoming activity in the IPO market. Richards suggested that viewers will soon have opportunities to invest directly in the next wave of companies and highlighted recent data indicating a resurgence in IPO performance, with the average of the last 20 IPOs being up over 50%, and several outperforming by over 100%. He also pointed out the recent successful IPOs of 2 or 3 companies with market caps below $5 billion, which is a threshold that bankers had previously been reluctant to cross. He emphasized that many investors are awaiting the next generation of AI companies for IPOs. Until these new AI companies arrive, investors are backing publicly traded companies that have seen 50% to 60% increases, which shows interest expected for private AI companies once they go public. He also highlighted a change in the number of public companies, which decreased from 7,000 in 1996 to 4,000 today, despite a 10x to 15x growth in GDP and the economy over the same period.
This concentration of the market in private assets primarily benefits the venture capital industry, though Richards admitted that the industry has faced liquidity challenges in recent years, which are hopefully beginning to go away with increasing IPO and M&A activity. Talking about the next wave of AI, Richards acknowledged obvious areas like self-driving, autonomous systems, and robotics, but he also highlighted two less commonly discussed areas: small businesses, that constitute 50% of the US economy and 55% of employment, will benefit from AI automating basic tasks such as scheduling, billing, and collections. The second is vertical AI, which involves companies developing software and AI tailored for particular industries like legal, healthcare, industrial, and manufacturing.
That being said, we’re here with a list of the 13 best up and coming stocks to invest in now.
An investor looking over a complex portfolio of stocks and bonds while consulting a financial advisor.
Methodology
We sifted through the Finviz stock screener to compile a list of the top stocks that went public in the last 5 years. We then selected the 13 stocks that were the most popular among elite hedge funds and that analysts were bullish on. The stocks are ranked in ascending order of the number of hedge funds that have stakes in them, as of Q1 2025.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
13 Best Up and Coming Stocks to Invest In Now
13. Amdocs Limited (NASDAQ:DOX)
Number of Hedge Fund Holders: 27
Amdocs Limited (NASDAQ:DOX) is one of the best up and coming stocks to invest in now. On July 1, MobiFone, which is a leading mobile network operator in Vietnam, launched its new digital brand called Saymee. This brand is specifically designed to cater to Gen Z subscribers and is powered by Amdocs’ connectX cloud-native SaaS platform.
Saymee offers features tailored for the tech-savvy young generation, which include free GPT chat and a loyalty program. By using Amdocs’ connectX platform, MobiFone aims to expedite the launch of new offers for Saymee and manage mobile subscription plans. This enables MobiFone to adapt to the evolving demands of young subscribers and manage the dynamic mobile virtual network operator/MVNO market.
Amdocs’ connectX platform provides a telco-in-a-box solution built on AWS and empowers telecom operators and MVNOs to deploy flexible and versatile digital services. It includes a complete SaaS offering with features such as catalog management, subscription services management, a mobile application, and integration with local payment gateways and network aggregators. The collaboration strengthens Amdocs’ market presence in Southeast Asia and also underscores its commitment to specialized solutions for demographically targeted service offerings.
Amdocs Limited (NASDAQ:DOX) provides software and services to communications, entertainment, and media service providers worldwide.
12. Edgewise Therapeutics Inc. (NASDAQ:EWTX)
Number of Hedge Fund Holders: 42
Edgewise Therapeutics Inc. (NASDAQ:EWTX) is one of the best up and coming stocks to invest in now. On June 26, Edgewise Therapeutics announced positive results from its sevasemten program for Becker and Duchenne muscular dystrophies.
For Becker muscular dystrophy, the company reported positive data from MESA, which is an open-label extension trial that provides continued access to sevasemten for participants previously enrolled in ARCH, CANYON, GRAND CANYON, or DUNE trials. Sevasemten maintained a favorable safety profile over up to 3 years of treatment. For Duchenne muscular dystrophy, Edgewise announced encouraging topline data from its Phase 2 LYNX and FOX trials.
Sevasemten is an orally administered and first-in-class fast skeletal myosin inhibitor designed to protect against contraction-induced muscle damage in muscular dystrophies like Becker and Duchenne. Becker muscular dystrophy is a rare, genetic, debilitating, and degenerative neuromuscular disorder primarily affecting males, with no currently approved therapies. Duchenne muscular dystrophy is a severe degenerative muscle disorder, the most common type of muscular dystrophy, with a median life expectancy of around 30 years.
Edgewise Therapeutics Inc. (NASDAQ:EWTX) is a biopharmaceutical company that discovers, develops, and commercializes therapies for the treatment of muscle disorders.
11. Dun & Bradstreet Holdings Inc. (NYSE:DNB)
Number of Hedge Fund Holders: 49
Dun & Bradstreet Holdings Inc. (NYSE:DNB) is one of the best up and coming stocks to invest in now. Towards the end of May, Dun & Bradstreet and Finquest jointly launched Cofinder. This new web-based platform is designed to revolutionize deal sourcing for private equity professionals by uncovering proprietary investment opportunities.
Cofinder integrates Finquest’s AI-enhanced deal sourcing technology with Dun & Bradstreet’s private company data. The collaboration provides access to a dataset of over 150 million de-duplicated private businesses globally, which include 50 million US-based companies. Additionally, the platform features over 15 million verified executive-level contacts to facilitate deal conversations, along with AI-enhanced data and precision search capabilities to identify high-potential targets.
The platform is tailored for deal professionals in private markets, like private equity, investment bankers, corporate development teams, and growth equity investors. Cofinder’s functionalities enable users to map niche markets, access exclusive off-market targets, streamline deal origination by connecting directly with key decision-makers, and identify buyers in the middle market. The platform is currently available in the US and Canada.
Dun & Bradstreet Holdings Inc. (NYSE:DNB) provides business-to-business data and analytics in North America and internationally. Finquest is a trusted partner to private equity firms and acquisitive corporates. It delivers proprietary deal sourcing solutions through a blend of data, AI, and people.
10. Kenvue Inc. (NYSE:KVUE)
Number of Hedge Fund Holders: 52
Kenvue Inc. (NYSE:KVUE) is one of the best up and coming stocks to invest in now. On June 26, Kenvue, which is more commonly known for some of its brands like Neutrogena, Listerine, Aveeno, and Tylenol, released its second annual Healthy Lives Mission Report. The report details Kenvue’s contributions to human and planetary well-being in 2024, focusing on three pillars: Healthy People, Healthy Planet, and Healthy Practice.
One of the company’s initiatives under the “Healthy People” pillar was Nicorette QuickMist to market, which became the first nicotine replacement therapy/NRT in the UK to be licensed to assist vapers in quitting. In India, an initiative was launched to reduce diarrhea-related mortality and improve healthcare outcomes, aiming to reach ~5 million children under 5 over the next 2 years.
The company reduced its Scope 1 and 2 emissions by 37% from a 2020 base year in its Healthy Planet pillar, hence moving towards a goal of a 42% reduction by 2030. Kenvue also integrated sustainability into its R&D process by launching the Sustainable Innovation Profiler, which is a patent-pending tool that measures a product’s environmental performance and allows developers to make real-time design choices.
Kenvue Inc. (NYSE:KVUE) is a consumer health company that operates through 3 segments: Self Care, Skin Health & Beauty, and Essential Health.
9. Valaris Limited (NYSE:VAL)
Number of Hedge Fund Holders: 52
Valaris Limited (NYSE:VAL) is one of the best up and coming stocks to invest in now. Earlier in May, Valaris announced its agreement to sell the jackup rig VALARIS 247 to BW Energy/BWE for ~$108 million in cash. The sale is anticipated to finalize in H2 2025, pending standard closing conditions.
Under this agreement, BWE will be restricted from deploying the rig for operations outside of BWE-owned or affiliated properties for the remainder of its useful life. The VALARIS 247 is a 27-year-old jackup rig that is currently operating offshore Australia.
The President and CEO of the company, Anton Dibowitz, said that the company is pleased to announce this opportunistic transaction to sell VALARIS 247, as upon the sale’s completion, the proceeds will enhance Valaris’s financial flexibility.
Valaris Limited (NYSE:VAL) provides offshore contract drilling services internationally through four segments: Floaters, Jackups, ARO, and Other.
8. Procore Technologies Inc. (NYSE:PCOR)
Number of Hedge Fund Holders: 53
Procore Technologies Inc. (NYSE:PCOR) is one of the best up and coming stocks to invest in now. Towards the end of May, Procore Technologies announced significant investments to enhance its Building Information Modeling/BIM capabilities. Procore has acquired Novorender and FlyPaper Technologies to improve BIM data utilization and reduce risk for contractors & owners globally.
The acquisition of Novorender brings one of the world’s fastest 3D model viewers and BIM platforms to Procore. Novorender’s patented 3D-rendering technology can process and combine models at 25x the speed of current industry standards, which would support all phases of a build.
Procore further expanded its connected BIM offerings by acquiring FlyPaper Technologies, which is a long-standing Procore technology partner, with its advanced algorithms already utilized by some of Procore’s ENR 400 customers. Once integrated, FlyPaper’s technology will provide Procore BIM users with automated 3D design coordination, clash detection, and collaboration tools.
Procore Technologies Inc. (NYSE:PCOR) provides a cloud-based construction management platform and related products and services in the US and internationally.
7. Viking Holdings Ltd. (NYSE:VIK)
Number of Hedge Fund Holders: 58
Viking Holdings Ltd. (NYSE:VIK) is one of the best up and coming stocks to invest in now. On June 30, Viking named its newest ocean ship, the Viking Vesta, during a traditional ceremony in Split, Croatia. The ship’s ceremonial godmother is Norwegian journalist Lene Tangevald-Jensen. The Viking Vesta will now continue its inaugural season sailing in the Mediterranean and Northern Europe.
During the ceremony, in a nod to tradition, Lene used a Viking broad axe to cut a ribbon, allowing a bottle of Norwegian aquavit to break on the ship’s hull. The event also featured performances by crossover soprano Sissel Kyrkjebø, godmother of the Viking Jupiter, and Norwegian violinist Tor Jaran Apold.
Lene Tangevald-Jensen is recognized for her dedication to journalism and philanthropy. She holds an International Baccalaureate and a master’s degree in business, having worked in finance. For 30 years, she has written for Kapital and Finansavisen, two leading Norwegian financial publications, conducting over 500 interviews, including one with the US President Jimmy Carter.
Viking Holdings Ltd. (NYSE:VIK) engages in the passenger shipping and other forms of passenger transport in North America, the UK, and internationally.
6. Affirm Holding Inc. (NASDAQ:AFRM)
Number of Hedge Fund Holders: 63
Affirm Holding Inc. (NASDAQ:AFRM) is one of the best up and coming stocks to invest in now. On June 26, Xsolla announced a new partnership with Affirm. This collaboration will enable game developers utilizing Xsolla’s payment tools in the US to offer Affirm’s flexible payment options to players, with expansion to Canada and the UK planned for the coming months.
Under this partnership, players who purchase games or in-game content can now choose Affirm at checkout for purchases starting at $50. This addition allows them to split costs into interest-free biweekly payments or longer-term monthly installments. Most importantly, these installments have no late or hidden fees.
The President of Communication & Strategy at Xsolla, Chris Hewish, stated that integrating Affirm’s transparent payment options empowers developers to offer gamers a smarter way to pay. After a quick eligibility check, approved players can select a personalized payment plan.
Affirm Holding Inc. (NASDAQ:AFRM) operates a payment network internationally. Xsolla is a global video game commerce company with a powerful set of tools and services.
5. Monday.com Ltd. (NASDAQ:MNDY)
Number of Hedge Fund Holders: 64
Monday.com Ltd. (NASDAQ:MNDY) is one of the best up and coming stocks to invest in now. On June 26, Monday.com released its 2024 Environment, Social, and Governance/ESG Report. This annual report outlines the company’s efforts towards building a more inclusive, responsible, and sustainable future, and also details its ESG goals for 2025.
The report noted that SHANITA, which is a nonprofit assisting 300+ children in an underserved East African region, used the Monday.com platform to centralize operations, which led to an up to 40% improvement in educational outcomes and over 30% reduction in preventable illness. Monday.com also formalized a global Inclusion strategy, integrating inclusivity across the organization with expanded data collection and measurable goals.
Additionally, the company launched a Responsible AI Program focused on transparency, user control, and adherence to enterprise-grade privacy and zero-retention standards for its AI capabilities. Monday.com deepened its partnership with Watershed to improve carbon footprint measurement. In 2024, the company’s total emissions per dollar of revenue decreased. For community efforts, “Monday for Nonprofits” now supports 19,523 active accounts, which is a 45% increase from the previous year.
Monday.com Ltd. (NASDAQ:MNDY) develops software applications in the US, Europe, the Middle East, Africa, the UK, and internationally.
4. GE HealthCare Technologies Inc. (NASDAQ:GEHC)
Number of Hedge Fund Holders: 70
GE HealthCare Technologies Inc. (NASDAQ:GEHC) is one of the best up and coming stocks to invest in now. On June 24, On June 24, 2025, GE HealthCare announced that the US FDA approved an updated label for its Vizamyl (flutemetamol F 18 injection) PET imaging agent, which is used for beta-amyloid detection.
The immediate update expands the agent’s indications, which allows for quantitative analysis of Vizamyl scans, and removes several prior limitations. Previously, amyloid diagnostics like Vizamyl provided a visual assessment of amyloid plaque in the brain. With the new label, clinicians can now use quantitative analysis software to objectively calculate amyloid load.
The removal of the therapy monitoring limitation means Vizamyl can now be used to determine if amyloid plaque levels have sufficiently reduced to consider discontinuing therapy. The updated label also explicitly indicates Vizamyl’s use for selecting patients eligible for anti-amyloid therapy. Vizamyl was initially approved in 2013 to estimate beta-amyloid neuritic plaque density in adults with cognitive impairment.
GE HealthCare Technologies Inc. (NASDAQ:GEHC) develops, manufactures, and markets products, services, and digital solutions used in the diagnosis, treatment, and monitoring of patients.
3. Coupang Inc. (NYSE:CPNG)
Number of Hedge Fund Holders: 80
Coupang Inc. (NYSE:CPNG) is one of the best up and coming stocks to invest in now. On July 2, Coupang announced the rebranding of its AI cloud computing service as Coupang Intelligent Cloud/CIC. This rebranding signifies an evolution of Coupang’s existing AI infrastructure, which has been used to enhance its internal services and operations.
CIC will now offer GPU-as-a-Service (GPUaaS) for Coupang’s internal applications, as well as for external clients like research organizations and startups. The service is supported by state-of-the-art data centers located in Seoul, South Korea.
These facilities are equipped with cutting-edge infrastructure and feature high-capacity power systems, advanced cooling technologies, redundant power architecture, and multi-network support. By offering CIC, Coupang will be able to monetize its compute resources.
Coupang Inc. (NYSE:CPNG) owns and operates retail businesses through its mobile applications and internet websites in South Korea and internationally.
2. DoorDash Inc. (NASDAQ:DASH)
Number of Hedge Fund Holders: 81
DoorDash Inc. (NASDAQ:DASH) is one of the best up and coming stocks to invest in now. On July 1, Jeremiah’s Italian Ice announced its entry into the ice cream cake market with the launch of its new “Hop-Away Treats” menu. The launch includes delivery through a DoorDash Partnership. Jeremiah’s Italian Ice and DoorDash partnered earlier this year in March.
The new Hop-Away Treats menu delivers Jeremiah’s signature bold flavors and vibrant brand experience in portable and freezer-friendly formats. With third-party delivery representing an increasingly important channel for food and dessert sales, Jeremiah’s partnership with DoorDash ensures that all of the company’s customers can have Hop-Away Treats delivered quickly.
The new “Hop-Away Treats” menu aims to provide customers with convenient, take-home forms of Jeremiah’s popular Italian Ice, Soft Ice Cream, and Jelatis. The flagship product is the Jelati Cake, which is a reimagined ice cream cake featuring layers of Italian Ice, Soft Ice Cream, and cookie/candy Layer-Ins. These cakes will serve 8-10 people and retail for ~$30, costing about $3 per serving.
DoorDash Inc. (NASDAQ:DASH) is a commerce platform that connects merchants, consumers, and independent contractors internationally. Jeremiah’s Italian Ice is known for its superior frozen treats, and also for its outstanding customer service, community involvement, and exciting brand image.
1. Snowflake Inc. (NYSE:SNOW)
Number of Hedge Fund Holders: 94
Snowflake Inc. (NYSE:SNOW) is one of the best up and coming stocks to invest in now. On June 26, Domo Inc. (NASDAQ:DOMO) announced a deepened collaboration with Snowflake. The expanded partnership introduces a suite of Domo’s product offerings on Snowflake Marketplace, which enables joint customers to seamlessly integrate, transform, and analyze their data within a secure and scalable environment powered by advanced AI.
Domo’s new managed offering, called “Powered by Snowflake,” allows Domo to provide a fully managed analytics and Business Intelligence/BI solution where Domo maintains and operates the Snowflake environment. Domo’s cloud-native portfolio is designed to accelerate the entire data lifecycle, all directly within the Snowflake AI Data Cloud. These solutions are now available on Snowflake Marketplace as both a Connected App and a Managed App.
Hundreds of organizations are already benefiting from the Domo and Snowflake partnership. These customers are using the combined solutions to break down data silos, scale governed analytics, and embed AI to foster innovation, improve agility, and drive faster business outcomes.
Snowflake Inc. (NYSE:SNOW) provides a cloud-based data platform for various organizations in the US and internationally. Domo Inc. (NASDAQ:DOMO) operates a cloud-based modern AI and data products platform in North America, Western Europe, Australia, Japan, and India.
While we acknowledge the potential of SNOW 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 SNOW and that has 100x upside potential, check out our report about the cheapest AI stock.
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Disclosure: None.
