12 Overlooked Large-Cap Stocks with Low Multiples

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1. Solventum Corporation (NYSE:SOLV)

Market Cap: $12.7 Billion

Fwd. P/E: 12.4

Number of Hedge Fund Holders: 37

Solventum Corporation (NYSE:SOLV) is one of the most undervalued and overlooked large-cap stocks. On August 8, analysts from Piper Sandler raised their price target on Solventum Corporation (NYSE:SOLV) to $94 from $87, while maintaining an Overweight rating. The adjustment followed Q2 results that showed revenue of $2.16 billion, up 2.8% organically, and EPS of $1.69, both ahead of consensus.

The analysts observed that Solventum Corporation (NYSE:SOLV) is steadily building a record of reliable execution, a key factor behind its recent upgrade. The latest quarterly results strengthened that view, as performance came in ahead of expectations and reinforced confidence in management’s ability to meet its guidance.

Earlier on August 8, Stifel Nicolaus analyst Rick Wise reaffirmed his confidence in Solventum Corporation (NYSE:SOLV) with a Buy rating and an unchanged price target of $88.

Solventum Corporation (NYSE:SOLV) develops healthcare products, including health information systems, purification and filtration technologies, and consumables.

While we acknowledge the potential of SOLV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SOLV and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: Top 10 Stocks to Buy and Hold Forever and 15 Best Data Center Stocks to Buy Now.

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