5 Undervalued Stocks to Buy According to Goldman Sachs

3. InterDigital, Inc. (NASDAQ:IDCC)

Share Price Upside: 28%

Average Analyst Share Price Target: $110

InterDigital, Inc. (NASDAQ:IDCC) is a small American telecommunications company headquartered in Wilmington, Delaware. It was a fresh addition to Goldman Sachs’ latest investment portfolio, as the bank scooped up $2.2 billion worth of shares during 2023’s second quarter.

During the same time period, 24 out of the 910 hedge funds part of Insider Monkey’s survey had bought InterDigital, Inc. (NASDAQ:IDCC)’s shares. Spencer M. Waxman’s Shannon River Fund Management is the largest shareholder among these since it holds a $59.7 million stake.

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