Billionaire Bill Ackman Thinks This Stock Could Skyrocket 500%. Why Does Wall Street Expect It to Plunge?

Bill Ackman built a net worth of $9.3 billion by spotting promising opportunities. The hedge fund manager doesn't usually reveal the opportunities he likes to the public. However, he recently made an exception. In a lengthy social media post on Dec. 30, 2024, Ackman said, "As we look forward [to] 2025, one investment in our portfolio stands out for large asymmetric upside versus downside so I thought I would share it." The billionaire investor thinks this stock could skyrocket roughly 500% by early 2026. So why does Wall Street expect it to plunge?Ackman noted in his post on X (formerly known as Twitter) that his hedge fund has owned Federal National Mortgage Association (OTC: FNMA) (commonly known as Fannie Mae) for more than 10 years. However, he acknowledged that the performance of the stock has "not been great."Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool