Analysts Say You Should Buy These 5 Stocks on the Dip

In this article, we discuss the 5 stocks that analysts say you should buy on the dip. If you want to read about some more stocks that analysts say you should buy on the dip, go directly to Analysts Say You Should Buy These 10 Stocks on the Dip. 

5. Charter Communications, Inc. (NASDAQ:CHTR)

Number of Hedge Fund Holders: 73   

Decrease in Share Price Over Past Month: 4.23%   

Charter Communications, Inc. (NASDAQ:CHTR) provides broadband and cable services. On May 12, the company announced that it had chosen Marcien Jenckes, the president of advertising at Comcast Cable, to lead a joint venture to create a new streaming platform with Comcast. The firm plans on offering a cable-based alternative to online streaming services like Roku, Netflix, and Disney+. Marcien Jenckes has previously overseen the Video and Internet segment of Comcast. 

On May 3, Pivotal Research analyst Jeffrey Wlodarczak maintained a Buy rating on Charter Communications, Inc. (NASDAQ:CHTR) stock but lowered the price target to $585 from $750, noting the firm “controls the best data mouse trap in the vast majority of its footprint for the foreseeable future”. 

At the end of the first quarter of 2022, 73 hedge funds in the database of Insider Monkey held stakes worth $8.5 billion in Charter Communications, Inc. (NASDAQ:CHTR), the same as in the preceding quarter worth $16.5 billion.