5 Undervalued Wide Moat Stocks To Invest In

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

Average Share Price Target: $169.91

Share Price Upside: 28%

Amazon.com, Inc. (NASDAQ:AMZN) is another mega cap stock. While its shares haven’t lost any value in August, they are roughly flat over the month. However, analysts have penned in a significant upside with the average share price target being $169.91 and the stock being rated Strong Buy.

Insider Monkey’s second quarter of 2023 survey covering 910 hedge funds revealed that 278 had held a stake in the company. Amazon.com, Inc. (NASDAQ:AMZN)’s biggest hedge fund investor is Ken Fisher’s Fisher Asset Management since it owns 40.6 million shares that are worth $5.3 billion.

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