5 Most Undervalued Large Cap Stocks To Buy According To Wall Street

In this piece, we will take a look at the five most undervalued large cap stocks to buy according to Wall Street. If you want to learn about crucial developments in the market, then check out 15 Most Undervalued Large Cap Stocks To Buy According To Wall Street.

5. Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Latest Share Price Upside: 19%

Analyst Average Share Price Target: $583.79

Monolithic Power Systems, Inc. (NASDAQ:MPWR) is a semiconductor firm that makes and sells voltage and power management products. While its EPS has consistently fallen over its four latest quarters, the figures have nevertheless beaten analyst estimates.

33 out of the 910 hedge funds part of Insider Monkey’s Q2 2023 database had held a stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR). Out of these, the firm’s biggest investor is Brian Ashford-Russell and Tim Woolley’s Polar Capital since it owns 334,519 shares that are worth $180 million.

4. BlackRock, Inc. (NYSE:BLK)

Latest Share Price Upside: 20%

Analyst Average Share Price Target: $809

BlackRock, Inc. (NYSE:BLK) is one of the largest investment management companies in the world. Its partnership and investment in NVIDIA have seen some rather interesting claims recently, as the firm financed an NVIDIA customer’s GPU purchase with the GPUs as collateral, and the proceeds, in billions of dollars, then helped NVIDIA’s August data center revenue.

As of June 2023, 57 of the 910 hedge funds surveyed by Insider Monkey had invested in the company. BlackRock, Inc. (NYSE:BLK)’s largest shareholder in our database is Ken Fisher’s Fisher Asset Management due to its $1.3 billion stake.

3. Humana Inc. (NYSE:HUM)

Latest Share Price Upside: 22%

Analyst Average Share Price Target: $584.41

Humana Inc. (NYSE:HUM) is a healthcare coverage, plans, and benefits provider. The firm expanded its care portfolio in August, to now also include people suffering from serious kidney diseases.

By the end of this year’s second quarter, 70 among the 910 hedge funds part of Insider Monkey’s research had bought Humana Inc. (NYSE:HUM)’s shares. Rajiv Jain’s GQG Partners is its biggest stakeholder since it owns $1.3 billion worth of shares.

2. First Citizens BancShares, Inc. (NASDAQ:FCNCA)

Latest Share Price Upside: 28%

Analyst Average Share Price Target: $1,744

First Citizens BancShares, Inc. (NASDAQ:FCNCA) is a regional bank headquartered in Raleigh, North Carolina. Its stock has been immune to the turmoil in the regional banking industry this year, as the stock is up by 81% year to date.

By the end of 2023’s June quarter, 49 out of the 910 hedge funds polled by Insider Monkey were the firm’s investors. First Citizens BancShares, Inc. (NASDAQ:FCNCA)’s largest investor is Natixis Global Asset Management’s Harris Associates through a stake worth $666 million.

1. MercadoLibre, Inc. (NASDAQ:MELI)

Latest Share Price Upside: 32%

Analyst Average Share Price Target: $1,632

MercadoLibre, Inc. (NASDAQ:MELI) is a Uruguayan retailer that operates electronic commerce and payment platforms. The shares are rated Strong Buy on average and analysts have penned in a 32% upside.

77 out of the 910 hedge funds part of Insider Monkey’s Q2 2023 database had held a stake in MercadoLibre, Inc. (NASDAQ:MELI). Out of these, the biggest shareholder is David Blood and Al Gore’s Generation Investment Management due to its $687 million investment.

Disclosure: None.  You can also take a look at 11 Most Undervalued Bank Stocks To Buy According To Wall Street Analysts and Wall Street Analysts Are Bullish on These 10 Stocks with Increasing Price Targets.

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