the The stock market eased As 2024 winds down, with stocks falling amid a more dovish Federal Reserve and persistent inflation fears. However, while some investors UndecidedOthers see this decline as an opportunity Buy strong stocks At attractive prices.
Easy way to find opportunities? Watch as analysts raise their price targets, as this indicates growing confidence in the company’s ability to deliver outsized returns. In the technology spaceThree names stand out particularly: Meta, Amazon, and Alphabet platforms. Each has recently received notable price target boosts In recent weeksThis reflects expectations of a strong start until 2025.
if You are willing to look beyond the short-term noise and set your portfolio up for successThese technology leaders deserve your attention. Let’s jump in and take a closer look at why.
Why Analysts Are Still Bullish on Meta Stock
Meta platform stock forecasts today
$640.20
6.83% upModerate purchase
Based on 43 analyst ratings
| High expectations | $811.00 |
|---|---|
| Average expectations | $640.20 |
| Low expectations | $360.00 |
Details of Meta platform stock forecasts
Meta platforms Nasdaq: Meta Despite selling out in the new year, shares of social media king Meta hit all-time highs as of the middle of last month. Overall, 2024 was an excellent year for them Gains More than 70%, making them outstanding performers.
However, for those who are concerned that they may have missed the boat, their 8% decline over the past two weeks could be a welcome sight. That has got Meta shares trading back to a strong support line, and they have had many analysts in recent weeks calling for a return to more gains in the near term.
Take JPMorgan Chase, for example. In the week before Christmas, it reiterated its overweight rating on the stock with a boost His price target is $725. From the $585 shared by Meta She was appointed To start 2025, this suggests a target upside of approximately 25%.
Amazon gains a staggering 180% in 2024
Amazon.com stock forecast today
$243.00
10.34% upModerate purchase
Based on 44 analyst ratings
| High expectations | $290.00 |
|---|---|
| Average expectations | $243.00 |
| Low expectations | $186.00 |
Amazon.com stock forecast details
Amazon.com Inc Nasdaq: AMZN Shares of e-commerce and cloud computing giant Amazon had a similar year to Meta. By the middle of last month, it recorded gains of more than 180% for 2024 alone before also declining in the last few days of the year.
However, the likes of UBS Group, JMP Securities and Tigress Financial, to name a few, have reiterated their buy ratings on Amazon shares in the past two weeks. Tigress, in particular, sees this decline as nothing more than some short-term profit taking coming off the back of a slightly more cautious market following the Fed update.
Target price is $290which is up from $245, speaks volumes and suggests a target upside of more than 30% from where Amazon shares closed on New Year’s Eve.
Bank of America and JPMorgan back Alphabet as a buy
Alphabet stock forecast today
$206.69
9.11% upModerate purchase
Based on 42 analyst ratings
| High expectations | $240.00 |
|---|---|
| Average expectations | $206.69 |
| Low expectations | $165.00 |
Alphabet stock forecast details
Alphabet company Nasdaq:Google It would come as no surprise if the last tech giant on our list also posts a very strong performance in 2024. Alphabet shares hit an all-time high in December as part of a rally that saw them rise more than 135% at one point.
While it will be frustrating for investors to see them give up some gains before the start of the new year, for those of us on the sidelines, this could be the entry opportunity we’ve been waiting for. Just last week, the Bank of America team was reiterating its buy rating on Alphabet shares, as did JPMorgan & Chase, which also boosted its buy rating on Alphabet shares. Price target higher To $232.
this It’s nearing the high of the Street and bodes well for Alphabet’s prospects heading into the new year. Given that they closed 2024 at just under $190, JPMorgan & Chase’s new price target would see them gain more than 20% in the coming weeks.
Before you consider Meta Platforms, you’ll need to hear this.
MarketBeat tracks the highest-rated and best-performing research analysts on Wall Street and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches up… and Meta Platforms wasn’t on the list.
While Meta Platforms currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View the five stocks here
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