Latest Zero-Emission Offerings Spark Bullish Views on Garrett Motion (GTX)

As of the adjacent of play connected January 29, sentiment remains highly bullish astir Garrett Motion (NASDAQ:GTX). The banal had received sum from 3 analysts, each of whom assigned Buy ratings. With a median 1-year terms people of $22, it offers much than 20% upside imaginable from the prevailing level.

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On December 17, Ryan Brinkman from JPMorgan initiated his sum connected Garrett Motion (NASDAQ:GTX), assigning an Overweight standing to the stock. He forecasted a people terms of $23, which implies a 26% upside potential.

Brinkman attributed his stance to imaginable tailwinds from the company’s latest zero-emission conveyance offerings, on with a little hazard illustration for the company’s interior combustion motor (ICE) business. He besides acknowledged the company’s awesome escaped currency conversion quality and best-in-class leverage position. Another captious origin backing specified an optimistic outlook is the company’s end-markets that look little cyclical comparative to different car parts suppliers.

Garrett Motion (NASDAQ:GTX) develops and sells turbocharging, electrical boosting, and aerial & fluid compression technologies. It chiefly serves commercialized conveyance OEMs and aftermarket distributors, aiming to amended powertrain ratio and trim emissions. It is besides progressive successful the improvement of technologies for zero-emission mobility and concern space.

While we admit the imaginable of GTX arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.