There was a point in the early days of Donald Trump’s presidency when the stock market looked set for a bull run. Bit by bit, the market digested geopolitical issues, trade wars, and recession fears. It looked like these were temporary concerns only.
We’re now less than two months into the presidential term and every consensus trade seems to be unravelling in front of our eyes. Investors are panicking and the state of the US economy looks fragile, with recession knocking on the door.
Investors operating in capital markets do not have the luxury of getting out of the market. No matter how the market behaves, they will still be here hunting for opportunities. That’s exactly what we do as well. As the market tanks, we decided to look at beaten down stocks that could comfortably outpace the market if bought after the current sell off.
To come up with our list of 10 beaten down large cap stocks that can double according to Wall Street, we considered stocks that have a market cap of at least $10 billion, have been hammered in the past week, and have a Wall Street price target that could see the stock double from current levels.
A team of airline employees surrounded by flight deck controls, with a variety of aircraft outside.
10. Grab Holdings Limited (NASDAQ:GRAB)
Grab Holdings Limited is a superapps provider company that operates in Singapore, Malaysia, Cambodia, Thailand, the Philippines, Vietnam, Myanmar, and Indonesia. The company’s stock is down 13% in a week, which provides an ideal opportunity to invest.
According to 26 different analyst ratings, GRAB has a highest target price of $8 which means it could double from the current levels if the bull thesis plays out. The median price target of $5.75 is still a 39% upside from current levels. The stock is currently trading 11% below the lowest Wall Street price target of $4.65!
Just a few weeks ago JP Morgan upgraded its stance on the stock from Neutral to Overweight. The investment bank believes the company’s 2025 guidance is conservative and going by the company’s track record of beating its own guidance, there is little downside at current depressed levels.
The bank’s analyst Ranjan Sharma believes the firm’s efforts to manage its costs will eventually result in cheaper services, which should propel its topline growth considering it operates in developing countries. The advertising segment is also anticipated to drive future growth, with customers already willing to spend more on the platform than in the same period last year.
9. Delta Air Lines, Inc. (NYSE:DAL)
Delta Air Lines, Inc. is a scheduled air transportation provider for cargo and passengers. It operates in Refinery and Airline segments. The company also offers vacation packages, aircraft maintenance and engineering support, and repair services. The stock is down nearly 22% in a week, which means it is another candidate that could easily double from here according to Wall Street estimates.
The highest price target for DAL on Wall Street is $100 with the lowest price target at $75. The stock is trading at a 33% discount to the lowest target, which implies there is ample room to grow for the stock price.
The current negativity surrounding the stock is amplified by a poor Q1 guidance which has come as a surprise to investors. The airline industry has been reaping the benefits of growing demand for air travel, but the party seems to have come to an abrupt stop. Q1 revenue growth, which was expected at 8% previously, has now been slashed to just 3.5%! The talk of recession isn’t helping the stock either.
The stock, which traded at a premium to its peers, is now available at a solid discount, which is bringing its forward valuations to more reasonable levels without any fault in the business. 2025 could still be a good year for the company as revenue from the joint venture with Korean Air starts flowing in after the successful acquisition of Asiana Airlines.
Delta is also receiving a good response from customers for its loyalty program and premium products, with the premium services revenue up 8% YoY, comfortably outpacing the main cabin revenue growth.
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