- Bill Ackman (Trades, Portfolio)'s Pershing Square Capital Management has made a significant investment in Hertz Global Holdings, acquiring nearly 20% of the company.
- Hertz shares have recently surged by 44%, fueled by optimism around the firm's turnaround potential and rising used-car prices.
- Analysts' average price target for Hertz suggests a potential downside, but GuruFocus estimates a significant upside based on GF Value.
Bill Ackman (Trades, Portfolio)'s Pershing Square Capital Management has strategically acquired nearly 20% of Hertz Global Holdings (HTZ, Financial). This move underscores confidence in Hertz's potential turnaround and the advantageous market conditions due to escalating used-car prices, driven by tariffs. In response, Hertz shares have experienced a substantial 44% increase, marking a notable rally that has more than doubled their recent value.
Wall Street Analysts Forecast
According to price targets provided by seven analysts, the average target price for Hertz Global Holdings Inc (HTZ, Financial) is slated at $3.31, with the most optimistic estimate reaching $4.45 and the lowest at $2.70. This average target indicates a potential downside of 59.86% from the current market value of $8.24. For an in-depth exploration of these estimates, visit the Hertz Global Holdings Inc (HTZ) Forecast page.
Additionally, the collective recommendation from ten brokerage firms rates Hertz Global Holdings Inc (HTZ, Financial) at an average of 3.4, suggesting a "Hold" status. This rating is based on a scale where 1 indicates a Strong Buy, and 5 represents a Sell.
GuruFocus Valuation Insights
On the other hand, GuruFocus provides a compelling outlook with an estimated GF Value for Hertz Global Holdings Inc (HTZ, Financial) pegged at $19.51 within the next year. This valuation highlights a significant potential upside of 136.77% from the current price of $8.24. The GF Value is a GuruFocus metric calculated using historical trading multiples, past business growth, and expected future performance. For further details, refer to the Hertz Global Holdings Inc (HTZ) Summary page.
