Top 10 Beaten Down Large Cap Stocks That Can Double According To Wall Street

8. United Airlines Holdings, Inc. (NASDAQ:UAL)

United Airlines Holdings, Inc. operates as an air transportation services provider company. The company also provides a flight academy, ground handling, maintenance services, and other services. UAL is down 18% in a week.

Wall Street has a highest price target of $165 on the stock, which is more than twice the current price levels. The lowest price target of $108 is a 40% upside as well, so the stock is not pricing in any of the Wall Street optimism at the moment.

The reason for that is, of course, the lacklustre airline industry outlook as disappointing guidance starts pouring in for peers. United has done a good job dealing with challenges related to reliability and costs, and now is the time for the company to reap the rewards.

United carries out flights to 6 different continents of the world, transporting a diverse clientele from tourists to business executives. 90% of the company’s operating revenue comes from passenger transportation. This revenue will get a boost from the improving Asian segment, which is finally seeing signs of recovery.

If the travel demand goes down as feared by economists predicting a recession, it could bring challenges. However, some of these challenges are getting priced in right now, making it worth the risk to bet on the stock doubling from here.