Opportunities still remain within these large-cap stocks, according to UBS.
There are some stocks on Wall Street that are absolutely hated by analysts and investors, but their fundamentals are improving, leaving a potential buying opportunity for contrarian investors, according to UBS. Stocks have rallied to record highs in recent times, with large-cap names primarily leading the pack. The S & P 500 has jumped 10% this year. But some large caps are not participating and remain unloved.
Shares of the short-term rental platform have popped 7% since the start of the year. Most analysts have assigned Airbnb stock a hold rating. The average analyst price target reveals that the stock could rise another 5% from its current level. Earlier this week, Wedbush upgraded Airbnb stock to an outperform rating. Analyst Scott Devitt cited the stock's recent underperformance on the back of its first-quarter earnings as having opened up an attractive entry point.
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