5 Most Promising Stocks to Buy According to Hedge Funds

4. Roivant Sciences Ltd. (NASDAQ:ROIV)

Number of Hedge Fund Holders: 44

Average Analyst Price Target: $15.56

On average, Wall Street analysts expect Roivant Sciences Ltd. (NASDAQ:ROIV) stock to reach $15.56, while the stock’s current price is $9.85, as of December 4.

As of the end of the third quarter of 2023, 44 hedge funds out of the 910 funds tracked by Insider Monkey reported owning stakes in Roivant Sciences Ltd. (NASDAQ:ROIV). The most significant stakeholder of Roivant Sciences Ltd. (NASDAQ:ROIV) was Daniel Gold’s QVT Financial which owns a $1.3 billion stake in the company.