5 Stocks Wall Street Analysts Expect to Dive The Most

In this piece, we will take a look at five stocks that Wall Street analysts expect to dive the most. If you want to take a deeper look at what’s happening in the stock market, then head on over to 20 Stocks Wall Street Analysts Expect to Dive The Most.

5. Redfin Corporation (NASDAQ:RDFN)

Share Price Downside: 50%

Redfin Corporation (NASDAQ:RDFN) is a technology company that provides an online platform for real estate transactions and data analysis. Its platform allows for valuable insights into the U.S. real estate market, with the latest data showing that home prices jumped for the first time in five months in July. The firm’s shares are rated Hold on average.

16 of the 943 hedge funds profiled by Insider Monkey for their first quarter of 2023 shareholdings had bought Redfin Corporation (NASDAQ:RDFN)’s shares. Out of these, the firm’s largest investor is Parag Vora’s HG Vora Capital Management with a $450 million investment.

4. Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Share Price Downside: 50%

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) is another regional Argentinian bank. It missed analyst EPS estimates in three out of its past four quarters, and the latest analyst coverage came from JPMorgan which downgraded the shares to Underperform.

By the end of this year’s first quarter, ten of the 943 hedge funds part of Insider Monkey’s database had held a stake in the bank. Grupo Financiero Galicia S.A. (NASDAQ:GGAL)’s largest hedge fund investor is Richard Driehaus’s Driehaus Capital courtesy of a stake worth $14.6 million.

3. World Acceptance Corporation (NASDAQ:WRLD)

Share Price Downside: 57%

World Acceptance Corporation (NASDAQ:WRLD) is a financial services company that offers loans to individuals and provides a variety of other services. It is a rare stock on our list with no Buy or Strong Buy ratings since April, leading to the shares being rated Hold on average.

As of Q1 2023, nine of the 943 hedge funds profiled by Insider Monkey had bought World Acceptance Corporation (NASDAQ:WRLD)’s shares. Out of these, the largest shareholder is Clifford A. Sosin’s CAS Investment Partners since it owns 755,768 shares that are worth $62 million.

2. Carvana Co. (NYSE:CVNA)

Share Price Downside: 59%

Carvana Co. (NYSE:CVNA) is an American company that operates an electronic commerce platform that enables users to buy and sell used vehicles. Its latest analyst coverage came from the investment bank JPMorgan, which cut the stock’s rating to Underweight from Neutral on July 13, 2023 – sending the shares tumbling by 3%.

Insider Monkey dug through 943 hedge fund portfolios to see what stocks they had piled into for 2023’s March quarter. This revealed that 33 had invested in Carvana Co. (NYSE:CVNA), and the largest shareholder was Zachary Sternberg and Benjamin Stein’s Spruce House Investment Management with a $97 million investment.

1. Upstart Holdings, Inc. (NASDAQ:UPST)

Share Price Downside: 64%

Upstart Holdings, Inc. (NASDAQ:UPST) is a financial technology company that uses artificial intelligence to connect lenders with borrowers. Both consensus EPS and actual figures have tanked over the past four quarters, and only one analyst out of the 31 that have covered the stock in May, June, and July has rated the shares as Buy.

As of March 2023, 15 of the 943 hedge funds profiled by Insider Monkey had held a stake in Upstart Holdings, Inc. (NASDAQ:UPST). Out of these, Philippe Laffont’s Coatue Management is the largest shareholder through its $26 million stake.

Disclosure: None. You can also take a look at 10 Best Auto Stocks To Buy Now and 13 Best Most Active Stocks to Buy Now.

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