These stocks are the most hated on the Street, but their fundamentals are improving

There are some stocks on Wall Street that are absolutely hated by analysts and investors, but their fundamentals are improving, leaving a potential buying opportunity for contrarian investors, according to UBS. Stocks have rallied to record highs in recent times, with large-cap names primarily leading the pack. The S & P 500 has jumped 10% this year. But some large caps are not participating and remain unloved.

Shares of the short-term rental platform have popped 7% since the start of the year. Most analysts have assigned Airbnb stock a hold rating. The average analyst price target reveals that the stock could rise another 5% from its current level. Earlier this week, Wedbush upgraded Airbnb stock to an outperform rating. Analyst Scott Devitt cited the stock's recent underperformance on the back of its first-quarter earnings as having opened up an attractive entry point.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UBS raises S&P 500 target to Street-high 5,600 on stronger earnings growthUBS Jonathan Golub joined BMO's Brian Belski for the most bullish target on Wall Street.
Source: CNBC - 🏆 12. / 72 Read more »

Business owners, residents, and police are at odds over South Street’s summer street closuresOn weekend nights, police plan on sometimes closing down 5th Street to Front Street, starting around 9:30pm. The closures are a way to crack down on dirtbike riders and tailgaters who blast music.
Source: PhillyInquirer - 🏆 81. / 68 Read more »

Main Street or Wall Street: Who Has the Correct Market Prespective?Stocks Analysis by Jeffrey Roach covering: S&P 500, Target Corporation. Read Jeffrey Roach's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »