Investing.com – After catching their breath in April, the markets started to run again in May. Are the indices ready to continue the rally that began in November or could a correction occur in June, between monetary policy decisions and political uncertainties?
With repeated predictions of a recession that has never arrived until now, some investors have kept some liquidity aside to deal with unforeseen events and wait for the right opportunity to buy. However, we cannot know when and if the market will collapse and so what we can do is look for undervalued stocks, companies characterized by solid foundations on which analysts are betting, predicting a big rise in the coming months.
The best undervalued stocks on Piazza Affari
With a search on the advanced InvestingPro+ screener you can identify various stocks listed on Piazza Affari with an upside potential of more than 20% according to the target price set by analysts.
Sign up here to access the full list of stocks (WITH THE STARTING OF JUNE DISCOUNT)…
Notably, the most undervalued stock on the list could rise by more than 50%! It’s about Ferretti SpA (BIT:), an Italian company that builds luxury yachts. The company produces sports boats, fishing boats and luxury sailing and motor boats. Ferretti includes the Custom Line, Pershing, CRN, Riva, Apreamare, Bertram and Ferretti motor yacht brands used both at a competitive level and for entertainment and fishing activities.
Fair Value and Target Price of Ferretti
The main and most intuitive indicators that suggest the possible growth of the stock in the coming months are the Fair Value and the Target Price, both visible in the general overview of Ferretti that InvestingPro subscribers can consult HERE.
According to InvestingPro’s Fair Value, calculated on the basis of 12 investment models recognized and adapted to Ferretti, the stock is undervalued, with an intrinsic value of 3.78 euros, 23.7% more than the 3.06 euros for action on June 10, 2024 at 11am.
Even more optimistic are the 5 analysts interviewed by InvestingPro who set Ferretti’s target price at 4.59 euros per share or 50% more than the current price.
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Health Score and Market cap
But in addition to Fair Value and Target price it is also necessary to verify that the company is solid and has its accounts in order. There are two solutions, either consult all the financial statements of recent years and interpret thousands of financial data, or rely on the Health Score, the state of financial health calculated by InvestingPro, which summarizes thousands of data in a simple scale that goes from 1 to 5. In this case, as shown in the image above, Ferretti’s result is good with a score of 3 out of 5.
Furthermore, to rely on companies that have sufficiently broad shoulders you can look at the market cap, the stock market value of the company, which in the case of the yacht manufacturer is more than one billion euros.
How to search for the best undervalued stocks
As the image below shows, if you are already a subscriber to InvestingPro+ you can find the complete list of stocks which, in addition to Ferretti, have these characteristics by reproducing the same search in the advanced screener of your reserved area:
The first image of the article, which for convenience we reproduce below, shows the list of just some of the stocks with a good state of financial health which present a possibility of an increase of more than 20% according to Fair Value which analysts’ assessments.
Sign up here to access the full list of stocks (WITH THE STARTING OF JUNE DISCOUNT)…
So what are you waiting for? Start Investing like a Pro! If you are not yet subscribed to InvestingPro+, this is the right time to do so: you can have access to FAIR VALUE, analysts’ TARGET PRICE and all the financial data of over 180,000 listed companies around the world by CLICKING HERE.
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Responsibility
This article was written for informational purposes only; it does not constitute a solicitation, offer, advice, consultancy or investment recommendation as such it is not intended to encourage the purchase of assets in any way. I remember that any type of asset is evaluated from multiple points of view and is highly risky and therefore, every investment decision and the related risk remains the responsibility of the investor
