Why Hertz Global Holdings, Inc. (HTZ) Soared Today
We recently published a list of In this article, we are going to take a look at where Hertz Global Holdings, Inc. (NASDAQ:HTZ) stands against other stocks that soared today.
Hertz Global snapped a two-day losing streak on Thursday, finishing 16.16 percent higher to close at $7.26 apiece as investor sentiment was boosted by an investment firm's higher price target for its stock.
Deutsche Bank raised its price target for Hertz Global Holdings, Inc. (NASDAQ:HTZ) to $4 from $3 previously, while maintaining a Hold rating.
This followed the car rental giant's recent addition of a new high-end vehicle brand to its fleet in a bid to meet growing demand for premium services.
A fleet of cars parked at a car rental company's headquarters, symbolizing the company's commitment to servicing its customers.
Before the official summer season, Hertz Global Holdings, Inc. (NASDAQ:HTZ) added to its fleet the 2025 Jeep Wrangler, said to be one of the best-selling plug-in hybrid vehicles in the US, as it sees a high demand for the variant during the summer.
The launch followed Hertz Global Holdings, Inc.'s (NASDAQ:HTZ) release of its first quarter performance earlier this week. Net loss widened by 138 percent to $443 million from $186 million in the same period last year, while revenues dropped by 13 percent to $1.8 billion from $2.08 billion year-on-year.
Overall, HTZ ranks 9th on our list of stocks that soared today. While we acknowledge the potential of HTZ, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than HTZ and has 10,000% upside potential, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
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