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5 Best S&P 500 Stocks To Buy According to Analysts

In this piece, we will take a look at the five best S&P 500 stocks to buy according to analysts. For all the details about the S&P 500’s journey so far in 2024, check out the 12 Best S&P 500 Stocks To Buy According to Analysts

5. United Airlines Holdings, Inc. (NASDAQ:UAL)

Number of Q4 2023 Hedge Fund Shareholders: 43

Average Analyst Share Price Target: $65

Percentage Upside: 35.30%

United Airlines Holdings, Inc. (NASDAQ:UAL) is one of the biggest airlines in the world. 2024 is proving to be a troublesome month for the firm as it battles increased oversight from the Federal Aviation Administration (FAA) after nearly a dozen scares on its flights.

During Q4 2023, 43 out of the 933 hedge funds part of Insider Monkey’s database had bought and owned United Airlines Holdings, Inc. (NASDAQ:UAL)’s shares. Ken Griffin’s Citadel Investment Group was the largest investor due to its $193 million stake.

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4. Insulet Corporation (NASDAQ:PODD)

Number of Q4 2023 Hedge Fund Shareholders: 50

Average Analyst Share Price Target: $237

Percentage Upside: 38.20%

Insulet Corporation (NASDAQ:PODD) is a specialty medical devices company that makes and sells products that help diabetics take insulin. It’s one of the highest rated stocks on our list, with an average share rating of Strong Buy. The average share price target of $237 also prices in a nice 38.20% upside.

As of December 2023 end, 50 out of the 933 hedge funds profiled by Insider Monkey were the firm’s shareholders. The biggest Insulet Corporation (NASDAQ:PODD) shareholder in our database is Ken Griffin’s Citadel Investment Group as it owns 1.3 million shares that are worth $288 million.

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3. Biogen Inc. (NASDAQ:BIIB)

Number of Q4 2023 Hedge Fund Shareholders: 51

Average Analyst Share Price Target: $304

Percentage Upside: 41.09%

Biogen Inc. (NASDAQ:BIIB) is a sizeable drug manufacturer that makes and sells medicines used to treat nervous system disorders and other ailments. The firm is in store for an interesting couple of months, as it waits for the EU’s analysis of its drug for Alzheimer’s Disease developed in partnership with a Japanese firm.

Insider Monkey dug through 933 hedge fund portfolios for last year’s fourth quarter and found 51 Biogen Inc. (NASDAQ:BIIB) shareholders. Samuel Isaly’s OrbiMed Advisors owned the biggest stake which was worth $214 million.

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2. Newmont Corporation (NYSE:NEM)

Number of Q4 2023 Hedge Fund Shareholders: 53

Average Analyst Share Price Target: $54

Percentage Upside: 51.87%

Newmont Corporation (NYSE:NEM) is an American metals mining company that produces gold, copper, and other metals. The firm is currently looking to raise capital and plans to sell a gold mine in Ghana to this effect.

For their December quarter of 2023 shareholdings, 53 out of the 933 hedge funds tracked by Insider Monkey had invested in the firm. Newmont Corporation (NYSE:NEM)’s largest investor among these is Jean-Marie Eveillard’s First Eagle Investment Management due to its $983 million investment.

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1. Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Number of Q4 2023 Hedge Fund Shareholders: 56

Average Analyst Share Price Target: $14

Percentage Upside: 55.90%

Warner Bros. Discovery, Inc. (NASDAQ:WBD) is one of the biggest media and entertainment companies in the world. Amidst troubling financial performance that has seen the firm miss analyst EPS estimates in all four of its latest quarters, it has teamed up with other broadcasters for a sports streaming service.

56 out of the 933 hedge funds tracked by Insider Monkey during Q4 2023 had bought a stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD) as of Q4 2023 end. Natixis Global Asset Management’s Harris Associates was the biggest shareholder as it owned $  worth of shares.

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Disclosure: None. You can also take a look at the 15 Highest Paying Countries for Automotive Engineers and 16 Best Passive Income Stocks To Buy According to Hedge Funds.

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and investors. Please subscribe to our daily free newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

The best part? You can discover everything about this company and its groundbreaking technology right now.

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Trust me — you’ll want to read this report before putting another dollar into any tech stock.

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Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

My name is Inan Dogan. I’m the co-founder and Research Director of Insider Monkey. I have an important message for you today.

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We looked under the cover and realized they were wrong.

We alerted our subscribers, and BTI returned 90% in just 16 months.

Now if you had invested just $10,000 in BTI in June 2024, you’d be sitting on $19,000 in October 2025.

Today, we have identified a nearly identical pattern in a digital-first giant trading at $3.

While the market panics over a surface-level revenue decline, our PhD-led research shows management has actually surgically cut $100 million in waste to focus on high-margin growth.

This pattern is a hallmark of our 16.5% annual return track record. The current opportunity offers a 400% upside potential—dwarfing even our 90% BTI return.

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