The second half of the year is around the corner, and some stocks are primed to outperform.
The second half of the year is around the corner, and some stocks are primed to outperform, according to a screen of Wall Street analysts' favorite picks. The S & P 500 has rallied more than 15% in 2024, reaching record levels as investors pile into artificial intelligence-related stocks such as Nvidia. Many of the top investment firms expect the gains to continue, with Goldman Sachs raising its year-end S & P 500 price target to 5,600.
Pro screened for names in the S & P 500 that are forecast to outperform through the rest of the year. The following names have 20% or more upside to their analyst price targets and are already in the green for 2024 — indicating their price targets are elevated not just due to a drop in share price. To note, the price targets are 12-month estimates. Take a look at where analysts see the stocks headed.
Pro readers can also search for more stocks through the Pro Stock Screener Tool here. Warren Buffet's Berkshire Hathaway made the list. The Class B stock is projected to rise 20.8% over the next 12 months and is up around 13% year to date. Out of the four analysts covering the stock, three rate it a buy or a strong buy. Argus upgraded the conglomerate's shares to buy from hold in May, citing its cheap valuation and strong financial strength. Disney is another Wall Street favorite going into the second half of the year.
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