In this article, we will list the 5 Best 52-Week Low Stocks to Buy According to Hedge Funds. Please visit the 10 Best 52-Week Low Stocks to Buy According to Hedge Funds if you’d like to see the extended list and the methodology behind it.
5. Accenture plc (NYSE:ACN)
Number of Hedge Fund Holders: 71
On May 11, after OpenAI announced it was launching an OpenAI Deployment Company, shares of several consulting companies fell. However, UBS expressed a positive opinion regarding Accenture plc (NYSE:ACN) stock, with a target price of $320 and a Buy rating. Reacting to these developments, the company’s stock declined nearly 3%, whereas its market competitors, such as Cognizant Technology and Infosys, fell by 5% and 4%, respectively.
Moreover, OpenAI is acquiring AI consulting and engineering firm Tomoro. As a result, 150 experienced engineers and deployment specialists are expected to join the research and deployment company. Even with this acquisition, OpenAI lacks the massive, global workforce needed to run large projects on its own. This makes Accenture stand out in the technology and consulting market with over 700,000 employees. UBS analysts led by Kevin McVeigh remarked,
While we acknowledge sector concerns, recent M&A activity shows how new entrants NEED incumbent skills + deployment capability to implement.
Despite the uncertainty, there was one positive on the partnership front. On May 7, Accenture plc (NYSE:ACN) and the Women’s Tennis Association announced a new multi-year partnership, focused on enhancing player experience and the future of women’s tennis. As an official partner, Accenture will upgrade the company’s technology and modernize its digital systems.
Accenture plc (NYSE:ACN) is a Dublin, Ireland-based company that offers technology, consulting, operations, industry X, and various other services. The company serves industries including retail, financial services, healthcare, technology, communications, and energy. It helps businesses manage technology systems, adopt advanced solutions, and improve operations.
4. Wells Fargo & Company (NYSE:WFC)
Number of Hedge Fund Holders: 72
On Apr 30, JPMorgan analyst Vivek Juneja reiterated his Hold rating on Wells Fargo & Company (NYSE:WFC) stock. Interestingly, he also lowered his price target on the stock, bringing it down to $86.5 from $91. The stock fell from $82 to $75.6 over the next few days until another analyst, Keith Horowitz of Citi, reiterated his Hold rating on Wells Fargo & Company (NYSE:WFC). The lack of positive triggers means the stock is now back near its June 2025 lows, resulting in almost zero returns over the last 12 months.
The risks causing the lackluster performance were evident on the recent earnings call on April 14. Management feels less-affluent customers will continue to stay under pressure due to rising energy costs. The one-time loss from a fraud-related event also soured sentiment, though the company carried out an intensive review through independent teams to mitigate the risk. Net Interest Margins are expected to continue their downtrend, with senior EVP & CFO Santomassimo warning about margin compression in the ongoing quarter:
And lastly, the impact of lower interest rates. When we provided our full-year guidance last quarter, we anticipated some margin contraction for these reasons, and I would expect additional margin compression next quarter.
Wells Fargo & Company (NYSE:WFC) is a leading financial services company, providing diversified banking services across the Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management segments. The company is based in San Francisco, California, and was founded in March 1852.
3. Builders FirstSource, Inc. (NYSE:BLDR)
Number of Hedge Fund Holders: 74
Builders FirstSource, Inc. (NYSE:BLDR) reported its Q1 earnings report on April 30. The market reacted negatively to the report, driven by a significant drop in earnings per share and profitability. The company reported revenue of $3.3 billion, down 10.1% from Q1 2025. Within the span of just one week, the company has seen three downward target price revisions. UBS lowered its price target on the firm to $122 from $143. Raymond James did the same, lowering its price target from $140 to $100. Deutsche Bank also came down to $81 from its prior target price of $102.
On May 5, BMO Capital lowered the firm’s price target on Builders FirstSource, Inc. (NYSE:BLDR) to $93 from $100 and kept a Market Perform rating on the stock. On a positive note, the analyst believes that the company is doing well against a tough housing backdrop, with encouraging signs of stabilization in trusses and Engineered Wood Products.
Builders FirstSource, Inc. (NYSE:BLDR) supplies building materials and construction services. It mainly serves residential construction, remodeling, and repair projects. The company provides manufactured products, manufactured and semi-custom modular homes, Ready-Frame, manufacturing, assembly, and other products and services.
2. The Progressive Corporation (NYSE:PGR)
Number of Hedge Fund Holders: 82
The Progressive Corporation (NYSE:PGR) reported its Q1 2026 earnings report on May 4. The company reported revenue of $20.97 billion, beating the Visible Alpha consensus of $20.72 billion. This represents 8% year over year growth in Q1. Net premiums rose to $23.6 billion, which is above the anticipated consensus of $22.21 billion. The company’s total number of active policies grew by 9%, rising to 39.57 million from 36.29 million. However, this total fell slightly short of the 39.58 million that financial experts had expected. CEO Tricia Griffith remarked,
Growth in the Property segment was partially offset by intentional actions taken to moderate growth in homeowners’ products.
The company not only raised its outlook but also saw analyst activity after earnings. On May 6, Meyer Shields, an analyst at KBW, reaffirmed a Hold rating on The Progressive Corporation (NYSE:PGR) and set a target price of $208. This reflects an upside of 6% from here on.
The Progressive Corporation (NYSE:PGR) is an insurance company operating across the United States. The company offers a wide range of commercial and personal insurance products. Its services include auto, home, RV, renters, motorcycles, boats, trucks, and small business insurance.
1. NIKE, Inc. (NYSE:NKE)
Number of Hedge Fund Holders: 82
On May 8, Wells Fargo downgraded NIKE, Inc. (NYSE:NKE) to Equal Weight from Overweight and lowered its price target from $55 to $45. This still reflects an upside of 6.4% from here on. Wells Fargo believes the company is facing stiff competition due to market oversaturation. The broader shift away from athletic apparel has created a negative investor sentiment across the largest footwear company globally.
Additionally, the company is facing a class action lawsuit. NIKE, Inc. (NYSE:NKE) charged its consumers higher prices to cover tariffs, but hasn’t returned that money now that the tariffs have been ruled out. Similarly, the Beaverton, Oregon-based company is also facing similar lawsuits after the US Supreme Court ruled against the tariffs imposed by the Trump administration. In its defense, the company disclosed that Trump’s tariffs forced it to pay roughly $1 billion in import levies. As a result, the athletic giant increased the prices of some footwear and apparel by $5-$10 and $2-$10.
NIKE, Inc. (NYSE:NKE) operates as a global sportswear company that develops, designs, markets, and sells casual and athletic footwear, equipment, apparel, and accessories. The company’s portfolio consists of brands such as NIKE, Chuck Taylor, One Star, Jordan, and Jumpman.
While we acknowledge the potential of NKE 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 NKE and that has 100x upside potential, check out our report about the cheapest AI stock.
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