12 Best Automotive Stocks to Invest in According to Analysts

Page 6 of 11

6. Visteon Corp. (NASDAQ:VC)

Upside Potential: 32%

Number of Hedge Fund Holders: 29

Visteon Corp. (NASDAQ:VC) is an automotive technology company specializing in digital cockpit technologies. It develops advanced infotainment systems, domain controllers with advanced driver assistance systems (ADAS), digital instrument clusters, displays, and connectivity solutions for modern vehicles. The company collaborates with major automakers worldwide.

Visteon Corp. (NASDAQ:VC) is focused on increasing the penetration of its offerings. In the nine months leading up to Q3 2024 (FY ending December 2024), the company launched 71 new products across various regions, with 30 of them launched in Q3 2024 alone. Year-to-date through September, they reported $4.9 billion in new business wins and were confident of achieving $6 billion for the full year. The company also projected market share gains in 2024, with anticipated year-over-year growth in all regions except China, including double-digit growth-over-market in the Americas, driven by electrification and the ramp-up of recent product launches.

On January 24, an RBC Capital analyst had raised the price target on Visteon Corp. (NASDAQ:VC) from $124 to $127, while maintaining his Outperform rating. The analyst highlighted that his analysis suggests that January U.S. auto sales remain resilient, despite a typical seasonal slowdown. While sentiment around EVs remains negative, he believes that EV sales data from Europe and the U.S. in late 2024 indicates a potential recovery in 2025, driven by the launch of more affordable models. He therefore maintained his positive view.

Page 6 of 11