Keep your New Year’s resolution simple this year: Invest in Imax and Apple.
On Tuesday, Wedbush Research updated its “Best Ideas” list, the 16 publicly traded securities the investment firm believes are the most underpriced (of the companies they study) by the market. Among the selected stocks are Imax and Apple; the list represents roughly the top 10 percent of Wedbush’s highest-rated equities, analyst Michael Pachter told IndieWire. (Microsoft and Activision Blizzard, two other entertainment companiesthat are currently attempting to merge, also make the short list.)
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Wedbush has a $20 price target on IMAX, which on Tuesday closed at $14.73 per share. The room for improvement has been echoed by several other analysts, including Wells Fargo, which has an IMAX price target of $21.
Apple, the world’s largest company by market cap, is still undervalued at $125.07…
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