5 Best Growth Stocks To Buy According To Ray Dalio

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In this article, we discuss the 5 best growth stocks to buy according to Ray Dalio. If you want to read our detailed analysis of these stocks, go directly to the 11 Best Growth Stocks To Buy According To Ray Dalio.

5. Coupa Software Incorporated (NASDAQ:COUP)

Number of Hedge Fund Holders: 54   

Coupa Software Incorporated (NASDAQ:COUP) is placed fifth on our list of 11 best growth stocks to buy according to Ray Dalio. The firm owns and operates a cloud-based business management platform and is headquartered in California. According to the latest data, Bridgewater Associates owned 3,888 shares in the company at the end of the second quarter of 2021 worth more than $1 million. 

On September 8, investment advisory Needham reiterated a Buy rating on Coupa Software Incorporated (NASDAQ:COUP) stock and raised the price target to $315 from $280, appreciating the “strong” second quarter earnings of the firm. 

Out of the hedge funds being tracked by Insider Monkey, Connecticut-based investment firm Lone Pine Capital is a leading shareholder in Coupa Software Incorporated (NASDAQ:COUP) with 4.6 million shares worth more than $1.2 billion. 

In its Q4 2020 investor letter, Artisan Partners Limited Partnership, an asset management firm, highlighted a few stocks and Coupa Software Incorporated (NASDAQ:COUP) was one of them. Here is what the fund said:

“We started new investment campaigns in Coupa Software. Coupa is a leading provider of cloud-based business spend-management software. The company helps 1,400 customers process over $2 trillion in annual spend across more than 5 million suppliers. While this quarter’s announcement of a major new customer win at Walmart shows it still has a long runway for growth in this business, we are particularly excited about Coupa Pay—a recently introduced set of cloud services that seeks to process B2B payments (not just invoices) across its large network. B2B payments has seen far less innovation in recent years compared to B2C (PayPal, Venmo, Square), but we see it as a major opportunity in the years ahead.”

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