5 Stocks Hedge Funds and Wall Street Analysts Are Crazy About

In this article, we discuss 5 stocks hedge funds and Wall Street analysts are crazy about. If you want to see more stocks in this selection, check out 16 Stocks Hedge Funds and Wall Street Analysts Are Crazy About.

5. General Motors Company (NYSE:GM)

Upside Potential: 63.62%
Number of Hedge Fund Holders: 72

General Motors Company (NYSE:GM) is one of the stock hedge funds, and Wall Street analysts are crazy about going by its edge in designing, building, and selling trucks, crossovers, dares, and automobile parts. The company has been making waves in developing electric and self-driving cars to strengthen its industry edge.

The automaker has launched an all-electric car six years after selling its mass-market brands in the region. The move allows the company to build scale in the electric business. The launch comes on the stock hitting a three-year low amid escalating workers strikes in the US. The deep pullback means the stock is trading at a significant discount.

Based on 15 Wall Street analysts offering 12-month price targets for General Motors Company (NYSE:GM) in the last three months, the average price target is $48.53, with a high forecast of $95.00 and a low forecast of $28.00. The average price target represents a 63.62% change from the last price of $29.66.

General Motors Company (NYSE:GM) had 72 hedge fund investors at the end of June 30 this year, out of the 910 hedge funds profiled by Insider Monkey. The firm’s largest investor is Harris Associates, which maintained roughly 38.53 million shares for about $1.49 billion of General Motors Company (NYSE:GM).

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