5 Best WallStreetBets Stocks To Buy Now

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In this article, we will take a look at the 5 best WallStreetBets stocks to buy now, according to hedge funds. If you want to explore similar stocks, you can go to 12 Best WallStreetBets Stocks To Buy Now.

5. Alibaba Group Holding Limited (NYSE:BABA)

Number of Hedge Fund Holders: 113

On February 23, Alibaba Group Holding Limited (NYSE:BABA) released earnings for the fiscal third quarter of 2023. The company reported an EPS of $2.79 and beat EPS expectations by $0.39. Alibaba Group Holding Limited (NYSE:BABA) generated a revenue of $35.90 billion and beat estimates by $11.30 million.

Alibaba Group Holding Limited (NYSE:BABA) is trading on WallStreetBets and is one of the best WallStreetBets stocks to buy now according to hedge funds. As of March 31, the stock has gained 27.01% over the past 6 months.

This March, Loop Capital analyst Rob Sanderson reiterated his $135 price target on Alibaba Group Holding Limited (NYSE:BABA) and a Buy rating on the shares.

113 hedge funds held stakes in Alibaba Group Holding Limited (NYSE:BABA) at the close of Q4 2022. The total value of these stakes amounted to $5.65 billion. As of December 31, Coatue Management is the most prominent stockholder in the company and has a position worth $440.5 million.

Follow Alibaba Group Holding Limited (NYSE:BABA)

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