5 Stocks That Will Double In 2023

4. Transocean Ltd (NYSE:RIG)

Number of Hedge Fund Holders: 38

Transocean Ltd (NYSE:RIG) is an oil and gas drilling company based in Steinhausen, Switzerland. The company provides offshore contract drilling services for oil and gas wells.

On January 11, Investor Place named Transocean Ltd (NYSE:RIG) as a stock that could double in 2023, and the stock did manage to rise by 54.17% between then and September 16.

Transocean Ltd (NYSE:RIG) had 38 hedge funds long its stock in the second quarter, with a total stake value of $962.3 million.

A Buy rating and a $12 price target were maintained on Transocean Ltd (NYSE:RIG) on September 15 by Kurt Hallead at Benchmark.

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