The Stock market soft As 2024 ended, equities retreated amid a more cautious Federal Reserve and lingering inflation concerns. However, while some investors HesitatingOthers see this dip as an opportunity Buy strong stocks At attractive prices.
An easy way to find opportunities? Look at where analysts are raising their price targets, as this indicates growing confidence in the company’s potential to deliver outsized returns. In the technical spaceThe three names are different in particular: Meta Platform, Amazon, and Alphabet. Each has recently raised significant price targets In recent weeksReflecting expectations for a strong start to 2025.
J You’re ready to look beyond the short-term noise and set your portfolio up for successThese tech leaders deserve your attention. Let’s jump in and take a deeper look at why.
Why are analysts still bullish on Meta stock?
Meta platform stock forecast today
$638.00
Up 8.96%buy medium
Based on 43 analyst ratings
| High forecast | $811.00 |
|---|---|
| Average forecast | $638.00 |
| Less predictable | $360.00 |
Meta platform NASDAQ: META Although they sold off in the new year, shares of social media king Meta were tagging all-time highs as recently as the middle of last month. Overall, 2024 was a great year for them, too benefits of Over 70%, making them an excellent performer.
However, for those who were worried they might have missed the boat, the 8% drop over the past fortnight may be a welcome sight. This has seen Meta shares trade back to a strong line of support, and they have had many analysts in recent weeks calling for a return to further gains in the near term.
Take JPMorgan Chase, for example. A week before Christmas, it reiterated its overweight rating on the stock, boosting Its price target is $725. From $585 that Meta shares were set to start 2025 at , which is pointing to a target growth of around 25%.
Amazon’s impressive 180% profit in 2024
Amazon.com stock forecast today
$243.00
Up 10.76%buy medium
Based on 44 analyst ratings
| High forecast | $290.00 |
|---|---|
| Average forecast | $243.00 |
| Less predictable | $186.00 |
Amazon.com Inc NASDAQ: AMZN Shares of e-commerce and cloud computing giant Amazon had a similar year to the meta. Heading into the middle of last month, they recorded more than 180% gains for 2024 alone before softening in the final days of the year.
However, UBS Group, JMP Securities, and Tigers Financial, to name but a few, have all reiterated their buy ratings on Amazon shares over the past fortnight. Tigers, in particular, see little more than some short-term profit-taking this fall coming off the back of a slightly more cautious market following the Fed’s update.
Their $290 price targetUp from $245, the volume speaks to a target upside of more than 30% and points from where Amazon shares closed on New Year’s Eve.
Bank of America and JP Morgan back alphabet as a purchase
Alphabet stock forecast today
$206.69
Up 9.19%buy medium
Based on 42 analyst ratings
| High forecast | $240.00 |
|---|---|
| Average forecast | $206.69 |
| Less predictable | $165.00 |
Alphabet Inc NASDAQ: GOOGL It will come as no surprise that the final tech titan on our list also logged a super-strong 2024. Alphabet’s shares tagged all-time highs in December as part of a rally that saw them rise more than 135% at one point.
While it will be disappointing 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 reiterated its buy rating on Alphabet shares, as did JP Morgan & Chase, which also gave them a boost. Price target above Up to $232.
This is close to the street-high and bodes well for Alphabet’s prospects heading into the new year. With a view to closing 2024 below the $190 mark, JPMorgan & Chase’s new price target sees them rise more than 20% in the coming weeks.
Before considering a meta platform, you may want to hear this.
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