5 Most Undervalued Blue Chip Stocks to Buy According to Hedge Funds

2. Visa Inc. (NYSE:V)

Number of Hedge Fund Investors In Q2 2023: 171

Share Price Upside: 14%

Visa Inc. (NYSE:V) is a financial technology products and services provider. It is the first stock on our list that is rated Strong Buy on average by analysts, and the stock is undervalued by 14% based on the average share price target. Investment bank JPMorgan is the latest to promote the shares, as it raised Visa Inc. (NYSE:V)’s share price target to $296 from $265 and kept an Overweight rating for the shares.

After scouring through 910 hedge funds for their June quarter of 2023 shareholdings, Insider Monkey discovered that 171 had held a stake in the company. Visa Inc. (NYSE:V)’s biggest hedge fund shareholder in our database is Chris Hohn’s TCI Fund Management since it owns 17.7 million shares that are worth $4.2 billion.

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