5 Best New Stocks To Invest In According To Hedge Funds

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In this article, we will take a look at the 5 best new stocks to invest in according to hedge funds. To see more such companies, go directly to 13 Best New Stocks To Invest In According To Hedge Funds.

5. GitLab Inc. (NASDAQ:GTLB)

Number of Hedge Fund Holders: 37

DevOps platform company GitLab Inc. (NASDAQ:GTLB) is one of the best new stocks to invest in according to elite hedge funds. Insider Monkey’s database of 943 hedge funds shows that 37 funds had stakes in GitLab Inc. (NASDAQ:GTLB) as of the end of the fourth quarter of 2022. The biggest hedge fund stakeholder of GitLab Inc. (NASDAQ:GTLB) is Mick Hellman’s HMI Capital which owns a $90 million stake in the company.

In March, Mizuho started covering GitLab Inc. (NASDAQ:GTLB) with a Neutral rating and a $38 price target.

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