We recently published a list of Top 10 Beaten Down Large Cap Stocks That Can Double According To Wall Street. In this article, we are going to take a look at where United Airlines Holdings, Inc. (NASDAQ:UAL) stands against other top beaten down large cap stocks that can double according to Wall Street.

There was a point in the early days of Donald Trump’s presidency when the stock market looked set for a bull run. Bit by bit, the market digested geopolitical issues, trade wars, and recession fears. It looked like these were temporary concerns only.

We’re now less than two months into the presidential term and every consensus trade seems to be unravelling in front of our eyes. Investors are panicking and the state of the US economy looks fragile, with recession knocking on the door.

Investors operating in capital markets do not have the luxury of getting out of the market. No matter how the market behaves, they will still be here hunting for opportunities. That’s exactly what we do as well. As the market tanks, we decided to look at beaten down stocks that could comfortably outpace the market if bought after the current sell off.

To come up with our list of 10 beaten down large cap stocks that can double according to Wall Street, we considered stocks that have a market cap of at least $10 billion, have been hammered in the past week, and have a Wall Street price target that could see the stock double from current levels.

A bird's eye view of a large commercial jetliner taking off from an airport runway.

United Airlines Holdings, Inc. (NASDAQ:UAL)

United Airlines Holdings, Inc. (NASDAQ:UAL) operates as an air transportation services provider company. The company also provides a flight academy, ground handling, maintenance services, and other services. United Airlines Holdings, Inc. (NASDAQ:UAL) is down 18% in a week.

Wall Street has a highest price target of $165 on the stock, which is more than twice the current price levels. The lowest price target of $108 is a 40% upside as well, so the stock is not pricing in any of the Wall Street optimism at the moment.

The reason for that is, of course, the lacklustre airline industry outlook as disappointing guidance starts pouring in for peers. United has done a good job dealing with challenges related to reliability and costs, and now is the time for the company to reap the rewards.

United Airlines Holdings, Inc. (NASDAQ:UAL) carries out flights to 6 different continents of the world, transporting a diverse clientele from tourists to business executives. 90% of the company’s operating revenue comes from passenger transportation. This revenue will get a boost from the improving Asian segment, which is finally seeing signs of recovery.

If the travel demand goes down as feared by economists predicting a recession, it could bring challenges. However, some of these challenges are getting priced in right now, making it worth the risk to bet on the stock doubling from here.

Overall, UAL ranks 8th on our list of top beaten down large cap stocks that can double according to Wall Street. While we acknowledge the potential of UAL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as UAL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

 

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires

 

Disclosure: None. This article is originally published at Insider Monkey.