5 Best Emerging Markets Stocks to Buy According to Analysts

2. Sasol Limited (NYSE:SSL)

Average Analyst Price Target as of February  27: $14.63

Upside Potential as of February 27: 90.74%

Number of Hedge Fund Holders: 12

Sandton, South Africa-based Sasol Limited (NYSE:SSL) is a global chemicals and energy company. It produces and markets a range of high-quality products in 22 countries.

On February 26, Sasol Limited (NYSE:SSL) released its financial results for six months ended December 31, 2023. Its revenue shrunk by 9% y-o-y to R$136.3 billion, while net income shrunk 38% y-o-y to R$9.2 billion.

Sasol Limited (NYSE:SSL) is the only South African stock on our list of 12 best emerging markets stocks to buy according to analysts. As of Q4 2023, its shares were held by 12 of the 933 hedge funds tracked by Insider Monkey.