5 Hot Stocks to Invest in According to Wall Street Analysts

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In this piece, we will take a look at the 13 hot stocks to invest in according to Wall Street analysts. If you want to take a deeper look at some of the hottest stocks of 2023 and 2024, then you can check out 5 Hot Stocks to Invest in According to Wall Street Analysts.

5. Builders FirstSource, Inc. (NYSE:BLDR)

Number of Q4 2023 Hedge Fund Shareholders: 61

Share Price Target Upside: 4.62%

Latest Average Share Price Target: $216

Builders FirstSource, Inc. (NYSE:BLDR) is the well known American home building products retailer headquartered in Irving, Texas. The shares are rated Strong Buy on average, and the average analyst share price target is $216.15. 2024 has been an important year for the stock, particularly after Builders FirstSource, Inc. (NYSE:BLDR) increased its share repurchase program to $1 billion earlier this year.

As of Q4 2023 end, 61 out of the 933 hedge funds profiled by Insider Monkey were Builders FirstSource, Inc. (NYSE:BLDR)’s shareholders. John Smith Clark’s Southpoint Capital Advisors owned the biggest stake which was worth $225 million.

Follow Builders Firstsource Inc. (NASDAQ:BLDR)


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