In this article, we will list the 5 Best Booming Stocks to Buy According to Hedge Funds. Please visit 10 Best Booming Stocks to Buy According to Hedge Funds if you would like to see the extended list and the methodology behind it.
5. Marvell Technology, Inc. (NASDAQ:MRVL)
Marvell Technology, Inc. (NASDAQ:MRVL) is one of the best booming stocks to buy according to hedge funds. Marvell Technology, Inc. (NASDAQ:MRVL) announced on April 22 the acquisition of Polariton Technologies, which develops high-speed, low-power plasmonics-based silicon photonics devices. Management stated that the acquisition bolsters the company’s optical technology portfolio through the addition of advanced modulation capabilities enabling “continued scaling in bandwidth, power efficiency, and integration for next-generation coherent and optical interconnect platforms”. The financial details and terms of the transactions were not disclosed to the public.
Marvell Technology, Inc. (NASDAQ:MRVL) also stated that the acquisition further strengthens its end-to-end connectivity portfolio across switching, electro-optics, photonics, and custom silicon.
In another development, RBC Capital lifted the price target on Marvell Technology, Inc. (NASDAQ:MRVL) to $170 from $115, maintaining an Outperform rating on the shares. The rating update came as part of a broader research note discussing the implications of the Amazon-Anthropic agreement. The firm told investors in a research note that it considers the announcement to be a material positive for AWS suppliers and gives the firm higher conviction in 2027 estimates, along with longer-term expectations for growth.
Marvell Technology, Inc. (NASDAQ:MRVL) designs, develops, and sells integrated circuits. The company’s offerings include security solutions, data processing units, ethernet controllers, automotive, ethernet switches, ASICs, and more. Headquartered in Wilmington, Delaware, its operations are divided into the following geographical segments: the United States, Singapore, Israel, India, China, and Others.
4. Corning Incorporated (NYSE:GLW)
Corning Incorporated (NYSE:GLW) is one of the best booming stocks to buy according to hedge funds. Corning Incorporated (NYSE:GLW) received rating updates from BofA and Morgan Stanley on April 20. BofA lifted the price target on the stock to $186 from $155, and maintained a Buy rating on the shares. The firm told investors that it sees a path for the company to earn $9.49 in EPS by calendar year 2030 on its base case assumptions, which includes a potential $18.7 billion in scale-out revenue.
Morgan Stanley also raised the price target on Corning Incorporated (NYSE:GLW), taking it to $140 from $127 and reaffirming an Equal Weight rating on the shares. The firm noted that optical stocks have continued to attain new heights, and that it does not expect the enthusiasm for optical names to “wane just yet, as there is nothing that disproves the bull case for now.”
Previously, Corning Incorporated (NYSE:GLW) was downgraded by JPMorgan to Neutral from Overweight on April 16, with the firm adjusting the price target on the stock to $175 from $115.
Corning Incorporated (NYSE:GLW) provides glass for flat panel desktop monitors, notebook computers, display televisions, and other information display applications, carrier network, and enterprise network products. The company’s operations are divided into the following segments: Optical Communications, Display, Specialty Materials, Automotive, and Life Sciences.
3. Caterpillar Inc. (NYSE:CAT)
Caterpillar Inc. (NYSE:CAT) is one of the best booming stocks to buy according to hedge funds. On April 21, Wells Fargo lifted the price target on Caterpillar Inc. (NYSE:CAT) to $960 from $870 while maintaining an Overweight rating on the shares. The firm also lifted 2026-2028 EPS as the new Solar Turbines project adds across data centers and gas compression enters its forecast set, while increasing lead times and pricing support out-year Power & Energy revenue visibility.
Caterpillar Inc. (NYSE:CAT) also received a rating update from Truist on April 20, with the firm lifting the price target on the stock to $920 from $786 while reaffirming a Buy rating on the shares. The rating update came as part of a broader research note previewing Q1 Results in Machinery, Infrastructure Services, and Multi-Industry names, with the firm stating that after a three-year period of contraction, March U.S. Manufacturing PMI was 52.7, following positive readings in January and February. Truist is seeing a positive setup for Q1 prints across the Industrials coverage.
Caterpillar Inc. (NYSE:CAT) is involved in the business of industrial gas turbines, manufacturing construction and mining equipment, off-highway diesel and natural gas engines, and diesel-electric locomotives. The company’s operations are divided into the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.
2. Intel Corporation (NASDAQ:INTC)
Intel Corporation (NASDAQ:INTC) is one of the best booming stocks to buy according to hedge funds. Intel Corporation (NASDAQ:INTC) announced financial results for fiscal Q1 2026 on April 23, reporting that revenue for the quarter reached $13.6 billion, up 7% year-over-year. First-quarter earnings (loss) per share attributable to the company were $0.73, while non-GAAP EPS attributable to Intel Corporation (NASDAQ:INTC) were $0.29. Management further reported that it is forecasting fiscal Q2 2026 revenue in the range of $13.8 billion to $14.8 billion, and is expecting fiscal Q2 2026 EPS attributable to the company of $0.08 and non-GAAP EPS of $0.20.
Intel Corporation (NASDAQ:INTC) also provided several business highlights, including the expansion of its client portfolio through the launch of Intel® Xeon® 600 processors for workstations, Intel® Core® Ultra 200S Plus and Intel® Core® Ultra 200HX Plus processors for desktops and mobile, Intel® Core™ Series 2 processors for health and life sciences edge computing, and Intel® Core™ Ultra Series 3 processors with Intel vPro®. The company also launched Intel® Core™ Series 3 processors.
Intel Corporation (NASDAQ:INTC) is involved in the design, sale, and manufacture of computer products and technologies. It delivers data storage, computer, networking, and communications platforms. The company’s operations are divided into the following segments: Client Computing Group (CCG), Data Center and AI (DCAI), Intel Foundry Services (IFS), and All Other.
1. GE Vernova Inc. (NYSE:GEV)
GE Vernova Inc. (NYSE:GEV) is one of the best booming stocks to buy according to hedge funds. Oppenheimer lifted the price target on GE Vernova Inc. (NYSE:GEV) to $1,303 from $1,139 on April 23 and maintained an Outperform rating on the shares. The firm stated that the company is continuing to benefit from better-than-expected demand, along with factors such as significant customer and geographic diversification. It further stated that the fiscal Q1 order activity at $18.3 billion was ahead of its expectation for $13.5 billion, suggesting the depth of demand and the value of its integrated solutions. This holds particularly true for its power management solutions, where the firm believes GE Vernova Inc. (NYSE:GEV) delivers differentiated system-level efficiency. Oppenheimer thus stated that it is encouraged by the management’s methodical price increases while continuing to drive operational efficiency.
The same day, RBC Capital also lifted the price target on GE Vernova Inc. (NYSE:GEV) to $1,195 from $996 while reaffirming an Outperform rating on the shares.
GE Vernova Inc. (NYSE:GEV) is involved in the electric power industry and operates through the following segments: Power, Wind, and Electrification.
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