Why Microsoft, Alphabet, Amazon, Palantir, And Meta Could Rise 15% In 2024, According To Analyst
Portfolio Pulse from Surbhi Jain
Wedbush Securities analyst Daniel Ives predicts a 15% rise in 2024 for tech stocks including Microsoft, Alphabet, Amazon, Palantir, and Meta, viewing the recent sell-off as a buying opportunity. He attributes the downturn to factors like CPI concerns and geopolitical tensions but expects robust tech earnings to drive growth. Additionally, cybersecurity firms Zscaler, CrowdStrike, Palo Alto Networks, CyberArk, Check Point, and Tenable are highlighted as potential standouts.
April 15, 2024 | 3:51 pm
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POSITIVE IMPACT
Amazon is forecasted to rise 15% in 2024, supported by strong earnings and growth in e-commerce and cloud sectors.
The positive forecast is based on anticipated strong earnings and Amazon's dominant position in e-commerce and cloud computing.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Alphabet could climb 15% in 2024, with expected strong earnings and growth in digital advertising and tech.
Alphabet's growth is anticipated from robust earnings and its strong position in digital advertising, contributing to the positive outlook.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Meta Platforms predicted to rise 15% in 2024, with strong earnings and growth in digital advertising and social media.
Meta's anticipated growth is driven by strong earnings and its leading position in digital advertising and social media.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Microsoft is expected to see a 15% rise in 2024, buoyed by strong earnings and growth in tech sectors.
The bullish outlook is based on the anticipation of strong Q1 earnings and overall sector growth, particularly in areas like software and AI.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Palantir Technologies expected to surge 15% in 2024, driven by strong earnings and growth in data analytics and AI.
The bullish outlook for Palantir is based on its strong position in AI and data analytics, expected to drive earnings and stock growth.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90