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Wall Street’s Favorite Growth Stocks of 2024

Wall Street’s Favorite Growth Stocks of 2024

As optimism around artificial intelligence continues to bolster the S&P 500 in 2024, top Wall Street analysts have identified key stocks poised for growth. Their insights, compiled by TipRanks, focus on companies with strong long-term potential.

 

Fortinet (FTNT)

Fortinet, a leader in cybersecurity, is gaining traction with its secure access service edge solutions. Analyst Shaul Eyal from TD Cowen reaffirmed a buy rating, raising the price target to $90. Fortinet’s growth is driven by its machine learning and AI technologies, with promising revenue forecasts and a focus on cloud security.

 

GitLab (GTLB)

GitLab, an AI-powered software company, is making strides in developer productivity and operational efficiency. Mizuho analyst Gregg Moskowitz maintained a buy rating, with a price target of $62. The company is well-positioned in its $40 billion market, driven by generative AI and increasing customer interest in its offerings.

 

Nvidia (NVDA)

Nvidia, a semiconductor giant, continues to see stellar revenue growth due to high demand for its GPUs used in AI applications. Analyst Toshiya Hari from Goldman Sachs raised the price target to $150, citing Nvidia’s competitive edge and future growth prospects with its Blackwell platform and increased cloud spending.



Crypto and Metals



btc us109,170 USDBitcoin
eth us2,572.88 USDEthereum
xrp us2.26526 USDXRP
xau us3,307.86 USDGold Ounce
xag us36.4964 USDSilver Ounce
xpd us1,117.42 USDPalladium Ounce
xpt us1,368.18 USDPlatinum Ounce


Important Stocks >>




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