Is GE Stock Undervalued Right Now?
General Electric (NYSE: GE) has been slowly winning over investors and analysts in 2021. Indeed, Citibank's Andrew Kaplowitz and UBS' Markus Mittermaier have slapped a buy rating and a $17 target on the stock. Moreover, given management's recent commentary and guidance, there's a good case that GE is undervalued. Let's take a closer look at what GE stock could be worth in a few years.
The case for GE is one built on comparing the sum of the parts of GE's industrial businesses and comparing them with what its peers trade at.
General Electric has high hopes for its renewable energy business. Image source: Getty Images.
Source Fool.com
