Howard Hughes Holdings (HHH) is trading at $79.38, and bulls see potential upside to $85, driven by Bill Ackman’s Pershing Square proposal to acquire the remaining shares at this price, representing an 18% premium. Ackman’s plan includes a $500 million stock buyback, which could further support the stock price. However, some shareholders argue the offer undervalues the company, with estimates of net asset value exceeding $112 per share.