- Hertz (HTZ, Financial) shares surged as Bill Ackman (Trades, Portfolio)'s Pershing Square takes a near 20% stake.
- Wall Street analysts provide mixed forecasts, with high volatility in price targets.
- GuruFocus estimates suggest significant potential upside based on GF Value.
Shares of Hertz (HTZ) saw a remarkable jump of over 56% following the revelation that Bill Ackman (Trades, Portfolio)'s Pershing Square has acquired a substantial stake, now close to 20%. Ackman, a renowned investor, forecasts that the stock might hit $30 by 2029 and hinted at exploring a potential partnership with Uber. Additionally, he expressed confidence in Hertz's operational enhancements and its promising long-term growth trajectory.
Wall Street Analysts Forecast
According to price targets from seven analysts, the average target price for Hertz Global Holdings Inc (HTZ, Financial) is $3.31, with estimates ranging between a high of $4.45 and a low of $2.70. These figures suggest a potential downside of 59.86% from the current trading price of $8.24. For more comprehensive data, visit the Hertz Global Holdings Inc (HTZ) Forecast page.
Amidst these mixed predictions, the consensus recommendation from ten brokerage firms places Hertz Global Holdings Inc's (HTZ, Financial) average brokerage recommendation at 3.4, reflecting a "Hold" status. The scale ranges from 1 to 5, where 1 represents a Strong Buy and 5 signifies a Sell.
GuruFocus Value Estimation
GuruFocus offers a contrasting perspective with their estimate of the GF Value for Hertz Global Holdings Inc (HTZ, Financial) at $19.51 in one year. This projected value suggests a promising upside of 136.77% from the current price of $8.24. The GF Value is derived from historical multiples, past business growth, and future performance predictions. For an in-depth analysis, visit the Hertz Global Holdings Inc (HTZ) Summary page.
