Wall Street Goes All-In on $40 Sleeper Stock—Here’s Why

Hedge funds are piling into this under-the-radar play—while Main Street still hasn’t noticed. Could this be the next big momentum trade, or just another case of institutional FOMO?

Analysts whisper about ’asymmetric upside’ as short interest craters. Meanwhile, retail investors are too busy chasing meme stocks to care.

Bonus cynicism: Nothing gets Wall Street hard like a cheap stock they can pump at your expense.

Wall Street Bets Big on Knight-Swift Transportation Holdings (KNX) Stock

According to Goldman Sachs’ latest report, Wall Street has set its sights on Knight-Swift Transportation stock. The truckload carrier firm is the largest in America with a robust supply chain base across the length and breadth of the country. The institutional entities and hedge-fund firms are expecting a profit of anywhere between 10% to 15% in KNX.

Leading price prediction firm TipRanks also remains bullish on Knight-Swift Transportation Holdings and has provided a positive forecast. The recent price prediction estimates that KNX could surge by 15% in a year and touch a high of $49. The stock which Wall Street took an entry this month is currently trading at $42 in the NYSE index.

A leading financial strategist revealed that whenever Wall Street has bet on an offbeat stock, it has delivered humongous returns. He indicates that KNX could also soar in the charts and reach a new high that can take the average investor by surprise.said strategists led by Ben Snider, Managing Director at Goldman Sachs.