5 Best Stocks To Buy Today

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1. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holders: 271

Online retail giant Amazon.com, Inc. (NASDAQ:AMZN) tops our list of the 10 best stocks to buy today. Amazon remains the most popular stock among the elite funds we track. Of the 873 elite funds tracked by Insider Monkey, 271 were long Amazon.com, Inc. (NASDAQ:AMZN) at the end of June, up from 243 in the first quarter of 2021. Fisher Asset Management is the biggest stakeholder of the company, owning 1.87 million shares worth $6.45 billion. The diversified tech company’s stock price has surged by 1,320% in the last decade. 

Amazon.com, Inc. (NASDAQ:AMZN) has made a name for itself in the e-commerce industry over the years. Now, Jeff Bezos’ brainchild is one of the leading cloud computing service providers and has a global market share of 32%. The company’s revenue in the cloud computing segment through Amazon Web Services grew 39% year over year to $16.1 billion in the third quarter of 2021. Overall, the tech giant’s revenue in the quarter came in at $110.81 billion.

Even with missed revenue, Truist analyst Youssef Squali remains bullish on Amazon.com, Inc. (NASDAQ:AMZN), keeping a Buy rating on the shares. According to the analyst, the cloud computing giant sustained growth across AWS, advertising, and third-party sales. Squali raised his price target for the stock to $4,000 from $3,800.

You can also take a peek at The Best Stock To Buy For The Next 10 Years and Why These 10 Stocks Moved This Week.

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