5 Stocks that Will Double In 2021

4. Jazz Pharmaceuticals plc (NASDAQ: JAZZ)

Number of Hedge Fund Holders: 37 

Jazz Pharmaceuticals plc (NASDAQ: JAZZ) is an Ireland-based pharmaceutical firm. It is ranked fourth on our list of 15 stocks that will double in 2021. The stock has returned 51% to investors over the past twelve months. The company was founded in 2003 and has a market cap of over $10 billion. It posted more than $2.3 billion in revenue last year. The firm focuses on developing medicines related to neurological problems, including sleep disorders, movement disorders, and others. 

On July 23, investment advisory RBC Capital reiterated an Outperform rating on Jazz Pharmaceuticals plc (NASDAQ: JAZZ) stock and raised the price target to $216 from $190, underlining that new products of the firm would be important growth catalysts. 

At the end of the first quarter of 2021, 37 hedge funds in the database of Insider Monkey held stakes worth $1.2 billion in Jazz Pharmaceuticals plc (NASDAQ: JAZZ), up from 29 in the preceding quarter worth $1.3 billion.