TransDigm Group Incorporated (NYSE:TDG) is among the 12 Best Aerospace Stocks to Buy Right Now. As of the close of business on April 2, the stock is a Moderate Buy with an average share price upside potential of 33%.

On April 1, Wells Fargo initiated coverage on the stock with an Equal-Weight rating and announced a price target of $1,200, representing an upside of approximately 3% from Thursday’s close.

According to a report on TipRanks, analyst David Strauss told investors in a research note that the company was more tilted towards airframe parts than engines compared to peers, while adding that about one-third of its growth has historically come through acquisitions.

It is worth noting that in the past three months, TransDigm Group Incorporated (NYSE:TDG) has announced the acquisitions of Jet Parts Engineering, Victor Sierra Aviation Holdings, and Stellant Systems, Inc., for a combined value of approximately $3.2 billion.

In related news, on March 25, UBS analyst Gavin Parsons reiterated a Buy rating on TDG. The firm has a price target of $1,745 for the stock.

TransDigm Group Incorporated (NYSE:TDG) manufactures engineered aircraft components for commercial and military aircraft.

While we acknowledge the potential of TDG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: Donald Trump Stock Portfolio: 8 Stocks Owned by the President and 10 Best Aerospace and Defense Stocks to Buy According to Billionaires.

Disclosure: None. Follow Insider Monkey on Google News.