5 Best Stocks to Buy According to Billionaire Steve Cohen

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In this article, we discuss the 5 best stocks to buy according to billionaire Steve Cohen. If you want to read our detailed analysis of Cohen’s history, and hedge fund performance, go directly to the 10 Best Stocks to Buy According to Billionaire Steve Cohen.

5. DXC Technology Company (NYSE: DXC)

Cohen’s Stake Value: $241,598,000
Percentage of Steve Cohen’s 13F Portfolio: 1.12%
Number of Hedge Fund Holders: 28

DXC Technology Company (NYSE: DXC) is an American multinational corporation that supplies business-to-business (B2B) information technology services. The company was founded in 1959 and stands fifth on the list of 10 best stocks to buy according to billionaire Steve Cohen. DXC shares have gained a whopping 135.95% over the last 12 months.

On June 2, Wells Fargo upgraded DXC Technology Company (NYSE: DXC) from “Equal Weight” to “Overweight” with a price target of $48.00 from $25. On May 26, DXC Technology Company (NYSE: DXC) posted earnings for the fourth quarter of 2021. It reported earnings per share of $0.74, beating market predictions by $0.04. In addition, the revenue for the fourth quarter of 2021 was $4.39 billion, beating the estimates by $100 million.

DXC Technology Company (NYSE: DXC) accounts for about 1.09% of Point72 Asset Management‘s portfolio, as the hedge fund owns a $235 million stake in the company. Steve Cohen’s hedge fund increased its stake in the DXC Technology Company (NYSE: DXC) by 148% in the first quarter. Chicago-based investment firm Harris Associates is a leading shareholder in DXC, with 10.81 million shares worth more than $337 million.



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