5 Stocks to Buy Now According to David Einhorn’s Greenlight Capital

In this article, we will look at 5 stocks to buy now according to David Einhorn’s Greenlight Capital. If you want to read about David Einhorn’s investment strategies and his hedge fund’s performance, you can go to 10 Stocks to Buy Now According to David Einhorn’s Greenlight Capital.

5. Weatherford International plc (NASDAQ:WFRD)

Greenlight Capital’s Stake Value: $23,426,000

Percentage of Greenlight Capital’s 13F Portfolio: 1.48%

Number of Hedge Fund Holders: 26

Weatherford International plc (NASDAQ:WFRD) operates as an energy services company through two segments: Western Hemisphere and Eastern Hemisphere. The company provides equipment and services for the drilling, evaluation, completion, production, and intervention of oil, geothermal, and natural gas wells worldwide.

Greenlight Capital went long in Weatherford International plc (NASDAQ:WFRD) in the first quarter of 2022. The fund’s stakes in the company are worth $23.42 million, which covers 1.48% of David Einhorn’s 13F portfolio.

Wall Street analysts are bullish on Weatherford International plc (NASDAQ:WFRD). On June 8,  Deutsche Bank analyst James Hubbard initiated coverage of Weatherford International plc (NASDAQ:WFRD) with a Buy rating and a $49 price target. This June, Goldman Sachs analyst Ati Modak initiated coverage of Weatherford International plc (NASDAQ:WFRD) with a Buy rating and a $43 price target. Modak believes the stock’s risk-reward is skewed by a ratio of 4:1 to the upside.

At the close of Q1 2022, 26 hedge funds were long Weatherford International plc (NASDAQ:WFRD) and held stakes worth $708.67 million in the company. This is compared to 17 positions in the preceding quarter with stakes worth $526.38 million. The hedge fund sentiment for the stock is positive.