5 Best Medical Stocks To Invest In According to Hedge Funds

4. Merck & Co., Inc. (NYSE:MRK)

Number of Q4 2023 Hedge Fund Shareholders: 98

Merck & Co., Inc. (NYSE:MRK) is another American healthcare giant. However, despite its heft, the firm is not only doing well on the financial front by having beaten analyst EPS estimates in all four of its latest quarters, but its shares are also rated Strong Buy on average and have an average share price target of $133.18.

During Q4 2023, 98 out of the 933 hedge funds polled by Insider Monkey had invested in Merck & Co., Inc. (NYSE:MRK). Ken Fisher’s Fisher Asset Management was the largest shareholder due to its $1.4 billion stake.

Follow Merck Sharp & Dohme Corp. (NYSE:MRK)