Analyst upgrades last week have altered the "HMC stock price forecast", with a median target now at $38.50, reflecting optimism around Honda’s planned EV rollout in North America. Overall HMC ranks 2nd on our list of the best Asian stocks to invest in according to analysts. While we acknowledge the potential of HMC as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than HMC but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock . CSX Stock Rally: Strong Options Flow, Analyst Price Targets Some hedge funds predict the "HMC stock price forecast" could breach $40 in H1 2024, assuming EV unit cost reductions continue at the current 4% pace quarter-over-quarter.
