Goldman Sachs’ Top 5 Stock Picks for 2024

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In this article, we’ll take a look into Goldman Sachs’ top 5 stock picks for 2024. If you wish to go through our introduction regarding the investment bank and its recent business developments, feel free to dive straight into Goldman Sachs’ Top 15 Stock Picks for 2024.

5. Alphabet Inc (NASDAQ:GOOG)

Goldman Sachs’ Q4 2023 Investment Value: $6.5 billion

Number of Hedge Fund Holders: 166

Alphabet Inc. (NASDAQ:GOOG), a dominant player in the technology sector, is celebrated for its flagship product, Google, the world’s leading search engine handling billions of daily queries. Moreover, the company boasts a diverse portfolio, including video streaming and productivity platforms, with YouTube being a standout asset.

On January 24, Raymond James, an investment advisory firm, maintained an Outperform rating on Alphabet Inc. (NASDAQ:GOOG) stock while increasing the price target to $160 from $150.

According to Insider Monkey’s research covering hedge funds through December 2023, 166 out of 933 hedge funds held positions in Alphabet Inc. (NASDAQ:GOOG). The largest shareholder of the company is Fisher Asset Management, led by Ken Fisher, with holdings valued at $6.3 billion.

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