- Hertz Global Holdings (HTZ, Financial) sees a significant surge as Pershing Square Holdings acquires a 4.1% stake.
- Wall Street analysts suggest a potential downside, with a moderate "Hold" recommendation.
- GuruFocus indicates a substantial potential upside in the GF Value estimate for HTZ stock.
Hertz Global Holdings (HTZ) experienced a remarkable 20% leap in premarket trading after Pershing Square Holdings, led by the renowned investor Bill Ackman (Trades, Portfolio), disclosed its acquisition of a 4.1% stake in the company. This strategic move by Ackman's firm is likely to impact Hertz's stock trajectory, particularly in light of its significant short interest of 17.3%.
Wall Street Analysts' Forecast
According to projections from seven industry analysts, Hertz Global Holdings Inc (HTZ, Financial) holds a one-year price target averaging $3.31. This includes a high estimate of $4.45 and a low estimate of $2.70. Currently priced at $3.65, the average target suggests a potential downside of 9.39%. For more in-depth estimates, visit the Hertz Global Holdings Inc (HTZ) Forecast page.
The consensus recommendation from 10 brokerage firms for Hertz Global Holdings Inc (HTZ, Financial) stands at an average of 3.4, indicating a "Hold" status. This rating is derived from a scale where 1 represents a Strong Buy and 5 signals a Sell.
GuruFocus Valuation Insights
GuruFocus' metrics offer insightful projections for Hertz Global Holdings Inc (HTZ, Financial). The estimated GF Value in one year is pegged at $19.51. This projection implies a substantial upside potential of 434.52% from the current market price of $3.65. The GF Value represents the fair trading value of the stock, calculated using historical trading multiples, past business growth, and future business performance estimates. To explore the detailed data, visit the Hertz Global Holdings Inc (HTZ) Summary page.
