5 Best High Beta Stocks to Buy Now

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In this article, we will take a look at the 5 best high beta stocks to buy now. To read our analysis of the recent market trends and market activity, you can go to the 12 Best High Beta Stocks to Buy Now.

5. RH (NYSE:RH)

Number of Hedge Fund Holders: 48

Beta Value: 2.27

Corte Madera, California-based RH (NYSE:RH) is a luxury lifestyle and home furnishings company offering its products to customers through retail galleries, source books and online at multiple stores including RH.com, and RHContemporary.com.

RH (NYSE:RH) reported its financial results for Q2 2023 on September 7. It generated $800.5 million revenue and $76.5 million net income which translated to an adjusted EPS of $3.93, $1.33 more than the consensus.

Following the earnings release, Citigroup analyst Steven Zaccone lowered the price target on RH (NYSE:RH) shares to $440 from $460 but maintained a ‘Buy’ rating. The target price represents a potential upside of 101.49% based on the share price on October 31.

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