5 Undervalued Stocks to Buy According to Goldman Sachs

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In this piece, we will take a look at five undervalued stocks to buy according to Goldman Sachs. If you want to take a deeper look at the bank’s economic predictions, then check out 10 Undervalued Stocks to Buy According to Goldman Sachs.

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

Share Price Upside: 23%

Average Analyst Share Price Target: $169.91

Amazon.com, Inc. (NASDAQ:AMZN) is another mega cap stock that has done well this year in terms of both share price and financial performance. There’s a bit of intrigue brewing up these days for its satellite internet subsidiary, as shareholders allege that Amazon.com, Inc. (NASDAQ:AMZN) overlooked cost benefits when deciding to not to work with SpaceX to launch low Earth orbit (LEO) satellites.

During Q2 2023, 278 out of the 910 hedge funds part of Insider Monkey’s database had held a stake in Amazon.com, Inc. (NASDAQ:AMZN). Out of these, the firm’s largest shareholder is Ken Fisher’s Fisher Asset Management through a $5.3 billion investment.

Follow Amazon Com Inc (NASDAQ:AMZN)

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