Is Berkeley Lights (BLI) a Smart Long-term Buy?

Baron Discovery Fund recently published its third-quarter commentary – a copy of which can be downloaded here. During the third quarter of 2020, the Baron Discovery Fund returned 18.83% (institutional shares). This was 11.67% better than the Russell 2000 Growth Index, the Fund’s primary benchmark index. You should check out Baron Discovery Fund’s top 5 stock picks for investors to buy right now, which could be the biggest winners of 2021.

In the Q3 2020 Investor Letter, Baron Discovery Fund highlighted a few stocks and Berkeley Lights Inc. (NASDAQ:BLI) is one of them. Berkeley Lights Inc. (NASDAQ:BLI) operates as a biotechnology company. In the last three months, Berkeley Lights Inc. (NASDAQ:BLI) stock gained 19.4% and on December 2nd it had a closing price of $79.00. Here is what Baron Discovery Fund said:

“Berkeley Lights, Inc. manufactures and distributes a digital biology platform that does analytics at a single-cell resolution. Its proprietary system uses light cages to trap individual cells and move each into its own nano-pen chamber for deep functional characterization. In other words, the system identifies the function and biologic role of each genetic sequence. This allows researchers to determine the effects of therapeutic candidates on tens of thousands of individual cell variants. This can dramatically speed up the time for drug development and massively reduce waste attributable to working on unsuitable drugs and targets. The addressable market opportunity for Berkeley Lights is around $23 billion, with $6 billion for antibody therapeutics, $15 billion for cell therapy, and $2 billion in synthetic biology. We believe Berkeley Lights has a differentiated and innovative platform that is poised to disrupt these large markets.”


Our calculations showed that Berkeley Lights Inc. (NASDAQ:BLI) isn’t ranked among the 30 most popular stocks among hedge funds.

The top 10 stocks among hedge funds returned 216% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 121 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds’ poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Below you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.

Video: Top 5 Stocks Among Hedge Funds

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Disclosure: None. This article is originally published at Insider Monkey.