Don't Rely on These Analyst Price Targets: More Downgrades Could Be Coming for These 3 Struggling Stocks
Looking at analyst price targets, you might find some undervalued stocks. However, you'll often find a stock that looks like it has a lot of upside, but only because its price has fallen sharply and analysts haven't put through their updated price targets (i.e., downgrades) for it yet.
Three stocks that look like they might be great buys today based on their consensus analyst price targets include PDD Holdings (NASDAQ: PDD), Intel (NASDAQ: INTC), and MicroStrategy (NASDAQ: MSTR). But here's why you might want to hold off on buying these stocks right now and why analysts could downgrade their price targets for them in the near future.
If analyst projections prove accurate, you could be sitting on a potential 80% return if you buy shares of PDD Holdings today. The Chinese-based company owns Pinduoduo and Temu, one of the hottest e-commerce sites in the world.
Source Fool.com
Intel Corp. Stock
Our community is currently high on Intel Corp. with 29 Buy predictions and 15 Sell predictions.
With a target price of 38 € there is potential for a 119.93% increase which would mean more than doubling the current price of 17.28 € for Intel Corp..
