5 Best Stocks to Buy While the Market Is Down

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​1. Microsoft Corporation (NASDAQ:MSFT)

Analyst Upside Potential: 38.60%

Number of Hedge Fund Holders: 312

​Microsoft Corporation (NASDAQ:MSFT) is one of the Best Stocks to Buy While the Market Is Down.

​On April 16, Reuters reported that Microsoft Corporation (NASDAQ:MSFT) and Stellantis have entered a five‑year strategic partnership. As part of this collaboration, Stellantis will rely heavily on Microsoft’s cloud, AI, and cybersecurity expertise to modernize its digital and engineering operations as cars become more software‑driven.

​The report noted that both companies will jointly develop more than 100 AI initiatives and will also roll out digital features for vehicles. The partners aim to speed up innovation, improve software‑based features, and make Stellantis more competitive against tech‑savvy rivals. No financial details of the deal have been disclosed yet.

​That said, the Street is bullish on Microsoft; around 93% of the 59 analysts covering the stock have a Buy rating. The average 12-month price target suggests more than 38% upside from the current level. Recently, on April 21, Piper Sandler reiterated a Buy rating on the stock with a price target of $500. The firm cited strong AI growth as the key reason behind its bullish sentiment.

​Microsoft Corporation (NASDAQ:MSFT) is a global technology company that develops and sells a wide range of software, cloud services, devices, and business solutions, serving both individual users and enterprise customers worldwide. Its flagship products include Windows, Microsoft 365, Azure, LinkedIn, and Xbox.

While we acknowledge the potential of MSFT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MSFT and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 7 Hot Growth Stocks to Invest in Right Now and 7 Ridiculously Cheap Stocks to Buy According to Wall Street Analysts. 

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