5 Best Multi-Bagger Stocks to Buy Now

1. Target Hospitality Corp. (NASDAQ:TH)

12-Month Returns as of August 2: 309.07%

Target Hospitality Corp. (NASDAQ:TH) is an American speciality rental company. The company focuses on workforce lodging and mobile crew camps along with catering, security, and transportation. On July 8, following the announcement of a new government contract in July, the company raised its revenue guidance by 53%. Since the announcement, Target Hospitality Corp. (NASDAQ:TH) stock has been up by over 177.16% in the last 30 days.

Oppenheimer analyst Scott Schneeberger maintained an Outperform rating on Target Hospitality Corp. (NASDAQ:TH)’s shares and raised his price target on the firm to $18 from $9. The analyst revised his price target in light of the contract extension of the West Texas government facility. The contract was extended to May 15, 2023, but Scott Schneeberger believes that it will continue for much longer.

As of the first quarter of 2022, 27 hedge funds were bullish on Target Hospitality Corp. (NASDAQ:TH)’s shares with a combined stake value of $223.1 million, compared to the previous quarter’s $86.6 million investment by 24 hedge funds. Private Capital Management held the most prominent stake in Q1 2022, with almost 5.4 million shares worth $32.28 million.

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