Goldman Sachs recently published a report highlighting the stocks Wall Street is betting on. Institutional clients and hedge-fund managers recently took entry positions in 20 different stocks to leverage the growing US market. One particular stock has caught the attention of Wall Street which is trading below the $50 mark.

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Watt Street has poured millions of dollars into the stock as the prospects look bright. The stock is trading below the $50 level and is affordable to the average investor. Riding on the hopes of the big bulls, chancers remain high that the stock might deliver returns in the next year.

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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.

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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. “Historically, stocks with the largest increase in the number of hedge fund investors have typically gone on to outperform sector peers during the quarters following their rise in popularity,” said strategists led by Ben Snider, Managing Director at Goldman Sachs.