5 Most Promising Stocks to Buy According to Hedge Funds

3. Lantheus Holdings Inc. (NASDAQ:LNTH)

Number of Hedge Fund Holders: 44

Average Analyst Price Target: $114

Diagnostics solutions company Lantheus Holdings Inc. (NASDAQ:LNTH) ranks 3rd in our list of the most promising stocks to buy according to hedge funds.

As of the end of the third quarter of 2023, 44 hedge funds tracked by Insider Monkey had stakes in Lantheus Holdings Inc. (NASDAQ:LNTH). Lantheus Holdings Inc. (NASDAQ:LNTH)’s average analyst price target is $114.

ClearBridge Small Cap Growth Strategy made the following comment about Lantheus Holdings, Inc. (NASDAQ:LNTH) in its Q3 2023 investor letter:

“We also made an investment in Lantheus Holdings, Inc. (NASDAQ:LNTH), which offers a portfolio of diagnostic health care products, primarily serving the complex nuclear imaging market. The company also has a pipeline of disruptive nuclear therapeutics (radiopharmaceuticals), creating a unique combination of strong profitability and cash flow generation with attractive growth opportunities in pipeline and existing products. The operational and logistical challenges of operating in nuclear medicine provide Lantheus a durable moat in this emerging therapeutic market.”