5 Most Undervalued Dow Stocks To Buy According to Analysts

4. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Q4 2023 Hedge Fund Shareholders: 293

Average Share Price Upside: 17%

Average Share Price Target: $205

Amazon.com, Inc. (NASDAQ:AMZN) 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.com, Inc. (NASDAQ:AMZN)’s shares from securing an average analyst rating of Strong Buy.

During 2023’s final quarter, 293 out of the 933 hedge funds part of Insider Monkey’s database bought a stake in the firm. Amazon.com, Inc. (NASDAQ:AMZN)’s largest hedge fund investor is Ken Fisher’s Fisher Asset Management through its $6.4 billion investment.

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