5 S&P 500 Stocks With The Most Upside

In this article, we will be taking a look at 5 S&P 500 stocks with the most upside. To read our detailed analysis of these stocks and their projected growth, you can go directly to see the 10 S&P 500 Stocks With The Most Upside.

5. Delta Air Lines, Inc. (NYSE:DAL)

Number of Hedge Fund Holders: 49

Share Price as of October 24: $32.58

Delta Air Lines, Inc. (NYSE:DAL) is a provider of scheduled air transportation in the US and internationally. The company is based in Atlanta, Georgia.

Cowen’s Helane Becker upgraded Delta Air Lines, Inc. (NYSE:DAL) on October 14 from Market Perform to Outperform, and placed a $54 price target on the stock.

This October Delta Air Lines, Inc. (NYSE:DAL) reported that it had topped expectations in the third quarter with a $695 million profit. The company’s revenue was up by 11%, while its operating income was $1.5 billion on an operating margin of 10.4%

Out of 895 hedge funds tracked in the second quarter, 49 funds were long Delta Air Lines, Inc. (NYSE:DAL). Their total stake value was $887.3 million.

Miller Value Partners, an investment management company, mentioned Delta Air Lines, Inc. (NYSE:DAL) in its third-quarter 2022 investor letter. Here’s what the firm said:

“Delta Air Lines, Inc. (NYSE:DAL) ($29.42) is a high-quality airline (yes, there really is such a thing!).  It didn’t issue any equity in the pandemic. It focuses on delivering a superb customer experience and has brand loyalty (including a stable revenue stream from partner American Express, growing at 20%/ year). Maybe the best evidence: it’s managed to outperform the S&P 500 over the past decade despite a horrible pandemic ending point (+13.2% vs. 11.7%¹ ). It trades for 4x 2024 earnings! If it eventually trades at Southwest’s historical valuation, it implies this stock should double as well.”