5 Undervalued Stocks to Buy According to Goldman Sachs

2. American Tower Corporation (NYSE:AMT)

Share Price Upside: 29%

Average Analyst Share Price Target: $232.35

American Tower Corporation (NYSE:AMT) is a real estate company that owns and operates telecommunications properties. Trouble in the communications industry has affected the firm’s financial performance this year, but the stock is rated Buy on average.

As of June 2023, 60 hedge funds part of Insider Monkey’s database of 910 hedge funds were the firm’s investors. Goldman Sachs owned a $1.3 billion stake in the company during the same time period, while American Tower Corporation (NYSE:AMT)’s biggest hedge fund investor is Charles Akre’s Akre Capital Management through a stake worth $1.3 billion.

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