5 Best Cheap Growth Stocks To Buy Now

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In this article, we discuss the 5 best cheap growth stocks according to hedge funds. If you want to read about some more stocks that hedge funds like, the risk/reward and methodology of this list, go directly to 10 Best Cheap Growth Stocks To Buy Now.

5. Autodesk, Inc. (NASDAQ:ADSK)

Number of hedge fund holders: 53

Autodesk, Inc. (NASDAQ:ADSK) is a 3D design, engineering, and entertainment software developer company.

Although it is already a huge company, the company has a next 5 year expected EPS growth rate of 23.35%. Analysts also have an average price target of $256.8 per share.

In September 2022 Autodesk, Inc. (NASDAQ:ADSK) formed a strategic partnership with Epic Games to accelerate innovative development.

Insider Monkey found 53 hedge funds having stakes in Autodesk, Inc. (NASDAQ:ADSK) at the end of Q2 2022. The total value of these stakes amounted to $95 million, up from $1.41 billion. As of September 16, Impax Asset Management is the largest shareholder in Autodesk, Inc. (NASDAQ:ADSK) and owns shares worth $221.23 million. The investment covers 1.07% of the fund’s 13F portfolio.

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