5 Best Debt Free Stocks To Buy

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In this article, we discuss the 5 best debt free stocks to buy. If you want to read about some more debt free stocks, go directly to 12 Best Debt Free Stocks To Buy.

5. Incyte Corporation (NASDAQ:INCY)

Number of Hedge Fund Holders: 37 

Incyte Corporation (NASDAQ:INCY) is a biopharmaceutical company that engages in the discovery, development, and commercialization of therapeutics for hematology and oncology. On October 31, the firm posted earnings for the third quarter of 2023, reporting earnings per share of $1.10, beating market estimates by $0.04. The revenue over the period was $919 million, up more than 11% compared to the revenue over the same period last year but missing estimates by $44 million. 

On November 14, investment advisory Piper Sandler maintained an Overweight rating on Incyte Corporation (NASDAQ:INCY) stock and lowered the price target to $85 from $90, noting the Q3 top-line print was underwhelming across the board for the firm. 

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Baker Bros. Advisors is a leading shareholder in Incyte Corporation (NASDAQ:INCY) with 36 million shares worth more than $2 billion. 

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