5 Most Undervalued Dow Stocks To Buy According To Analysts

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In this piece, we will take a brief look at the five most undervalued Dow stocks to buy according to analysts.


5. Chevron Corporation (CVX)

  • Number of Q4 2023 Hedge Fund Shareholders: 71
  • Average Share Price Upside: 17%
  • Average Share Price Target: $177.11

Chevron Corporation is the sizable American oil and gas company, which maintains a strong presence from the oil field all the way to the pump. 2024 is proving to be an explosive year for the company, as the fate of its headline, multi-billion dollar acquisition of Hess Corp (HES) has recently become unclear.

By the end of Q4 2023, 71 out of the 933 hedge funds covered by our research were shareholders of the company. Warren Buffett’s Berkshire Hathaway owned the biggest stake, which was worth $18.8 billion.


4. Amazon.com, Inc. (AMZN)

  • Number of Q4 2023 Hedge Fund Shareholders: 293
  • Average Share Price Upside: 17%
  • Average Share Price Target: $205

Amazon.com, Inc. became the youngest constituent of the Dow 30 blue chip stock index in 2024. And just like the other retailer on our list, Walmart, the fact that it’s the biggest company of its kind in the world hasn’t stopped Amazon's shares from securing an average analyst rating of Strong Buy.

During 2023’s final quarter, 293 out of the 933 hedge funds that are part of our database bought a stake in the firm. Amazon's largest hedge fund investor is Ken Fisher’s Fisher Asset Management, through its $6.4 billion investment.


3. NIKE, Inc. (NKE)

  • Number of Q4 2023 Hedge Fund Shareholders: 69
  • Average Share Price Upside: 17%
  • Average Share Price Target: $122

NIKE, Inc. is one of the biggest athletic apparel companies in the world. The company has been dealing with a bit of controversy in Australia, as public pressure forced it to sell the goalkeeper jersey for Australia’s national women’s soccer team.

As last year’s December quarter came to an end, 69 out of the 933 hedge funds we track were investors in NIKE, Inc. Ken Fisher’s Fisher Asset Management was once again the biggest shareholder, as it owned $1 billion worth of shares.


2. UnitedHealth Group Incorporated (UNH)

  • Number of Q4 2023 Hedge Fund Shareholders: 113
  • Average Share Price Upside: 21%
  • Average Share Price Target: $598.23

UnitedHealth Group Incorporated is an American healthcare finance company headquartered in Minnesota. 2024 is proving to be quite a hectic year for the company, as it spent February battling ransomware attacks from ‘suspected nation state’ groups.

During 2023’s final quarter, 113 out of the 933 hedge funds covered by our research had invested in the company. UnitedHealth Group Incorporate's largest hedge fund investor is Rajiv Jain’s GQG Partners, since it holds a $1.8 billion stake.


1. The Boeing Company (BA)

  • Number of Q4 2023 Hedge Fund Shareholders: 69
  • Average Share Price Upside: 27%
  • Average Share Price Target: $258.72

The Boeing Company is the well known American civil and defense aerospace giant. 2024 has been off to a busy start for the company, as not only is it gearing up for its first crewed space mission to the ISS, but it is also working under a 90-day FAA deadline for a safety plan.

69 out of the 933 hedge funds that are part of our Q4 2023 database had bought shares of the company. Ken Fisher’s Fisher Asset Management owned the biggest stake, which was worth $1 billion.


More By This Author:

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10 Best Stocks to Buy Now According to Jeffrey Diehl’s Adams Street Partners

Disclosure: None.

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