5 Most Undervalued Dow Stocks To Buy According to Analysts

In this piece, we will take a look at the five most undervalued dow stocks to buy according to analysts. If you want to skip our introduction to Dow stocks and our coverage of some recent stock market news, then you can take a look at the 13 Most Undervalued Dow Stocks To Buy According to Analysts.

5. Chevron Corporation (NYSE:CVX)

Number of Q4 2023 Hedge Fund Shareholders: 71

Average Share Price Upside: 17%

Average Share Price Target: $177.11

Chevron Corporation (NYSE:CVX) is the sizeable American oil and gas company with a presence from the oil field to the pump. 2024 is proving to be an explosive month for the firm, as the fate of its headline multi billion dollar acquisition of Hess Corp has suddenly become unclear.

By Q4 2023 end, 71 out of the 933 hedge funds covered by Insider Monkey’s research were Chevron Corporation (NYSE:CVX) ‘s shareholders. Warren Buffett’s Berkshire Hathaway owned the biggest stake which was worth $18.8 billion.

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.

3. NIKE, Inc. (NYSE:NKE)

Number of Q4 2023 Hedge Fund Shareholders: 69

Average Share Price Upside: 17%

Average Share Price Target: $122

NIKE, Inc. (NYSE:NKE) is one of the biggest athletic apparel companies in the world. The firm is 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 tracked by Insider Monkey were NIKE, Inc. (NYSE:NKE)’s investors. Ken Fisher’s Fisher Asset Management was the biggest shareholder as it owned $1 billion worth of shares.

2. UnitedHealth Group Incorporated (NYSE:UNH)

Number of Q4 2023 Hedge Fund Shareholders: 113

Average Share Price Upside: 21%

Average Share Price Target: $598.23

UnitedHealth Group Incorporated (NYSE:UNH) is an American healthcare finance company headquartered in Minnetonka, Minnesota. 2024 is proving to be quite a crucial month 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 Insider Monkey’s research had invested in the firm. UnitedHealth Group Incorporated (NYSE:UNH)’s largest hedge fund investor is Rajiv Jain’s GQG Partners since it holds a $1.8 billion stake.

1. The Boeing Company (NYSE:BA)

Number of Q4 2023 Hedge Fund Shareholders: 69

Average Share Price Upside: 27%

Average Share Price Target: $258.72

The Boeing Company (NYSE:BA) is the well known American civil and defense aerospace giant. 2024 is 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 part of Insider Monkey’s Q4 2023 database had bought The Boeing Company (NYSE:BA)’s shares. Ken Fisher’s Fisher Asset Management owned the biggest stake which was worth $1 billion.

Disclosure: None. You can also take a look at 20 Countries With Worst Vision Problems and Warren Buffett’s 35 Best Quotes About Business, Investing, and Life.

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