5 Best Stocks to Buy in Falling Markets According to Analysts

In this piece, we will take a look at the five best stocks to buy in falling markets according to analysts. If you want to skip our overview of bear markets and the broader stock market, then you can skip ahead to 12 Best Stocks to Buy in Falling Markets According to Analysts.

5. Liberty Latin America Ltd. (NASDAQ:LILA)

Number of Q4 2023 Hedge Fund Shareholders: 26

Share Price Target Upside: 70.33%

Latest Average Share Price Target: $11

Liberty Latin America Ltd. (NASDAQ:LILA) is a telecommunications company with operations in dozens of markets in different countries. The firm started 2024 out on a busy note after it appointed a former telco CEO as a general manager.

As of Q4 2023 end, 26 out of the 933 hedge funds profiled by Insider Monkey had bought Liberty Latin America Ltd. (NASDAQ:LILA)’s shares. William Crowley, William Harker, and Stephen Blass’s Ashe Capital was the firm’s biggest investor due to its $68 million stake.

4. Gogo Inc. (NASDAQ:GOGO)

Number of Q4 2023 Hedge Fund Shareholders: 20

Share Price Target Upside: 73.05%

Latest Average Share Price Target: $14

Gogo Inc. (NASDAQ:GOGO) is a Colorado based specialty broadband company that caters to the needs of the aviation industry. The firm has performed moderately well on the financial front as of late, since it has beaten analyst EPS estimates in all four of its latest quarters.

During December 2023, 20 out of the 933 hedge funds covered by Insider Monkey’s research had invested in the firm. Gogo Inc. (NASDAQ:GOGO)’s largest hedge fund shareholder is Chet Kapoor’s Tenzing Global Investors as it owns $30.3 million worth of shares.

3. Liberty Broadband Corporation (NASDAQ:LBRDA)

Number of Q4 2023 Hedge Fund Shareholders: 19

Share Price Target Upside: 94.38%

Latest Average Share Price Target: $112

Liberty Broadband Corporation (NASDAQ:LBRDA) is an American firm known to provide users in Alaska with telecommunications coverage and services. Amidst a disappointing set of earnings results that has seen several misses, the firm sought to assuage investors in March 2024 when it declared a 44 cent dividend for its preferred stock.

Insider Monkey’s fourth quarter of 2023 survey covering 933 hedge funds revealed 19 Liberty Broadband Corporation (NASDAQ:LBRDA) shareholders. Robert Henry Lynch’s Aristeia Capital was the biggest investor through its $497 million investment.

2. Sunrun Inc. (NASDAQ:RUN)

Number of Q4 2023 Hedge Fund Shareholders: 35

Share Price Target Upside: 107.41%

Latest Average Share Price Target: $22

Sunrun Inc. (NASDAQ:RUN) is a solar technology company headquartered in San Francisco, California. It makes and sells products for residential solar power systems. The shares are rated Buy on average, and the average analyst share price target is $21.55.

During last year’s fourth quarter, 35 out of the 933 hedge funds covered by Insider Monkey’s research had bought a stake in the company. Sunrun Inc. (NASDAQ:RUN)’s largest hedge fund shareholder is William B. Gray’s Orbis Investment Management due to its $278 million stake.

1. Sunnova Energy International Inc. (NYSE:NOVA)

Number of Q4 2023 Hedge Fund Shareholders: 29

Share Price Target Upside: 295.22%

Latest Average Share Price Target: $17

Sunnova Energy International Inc. (NYSE:NOVA) is a solar energy system company headquartered in Houston, Texas. The firm’s investors were in for some bad news in March 2024 after Morgan Stanley downgraded the shares to Equalweight from Overweight and cut the share price target to $14 from $24.

As of Q4 2023 end, 29 out of the 933 hedge funds part of Insider Monkey’s database had bought and owned Sunnova Energy International Inc. (NYSE:NOVA)’s shares. Jos Shaver’s Electron Capital Partners was the biggest investor as it held $74.9 million worth of shares.

Should you invest $1,000 in Sunnova Energy right now?

Before you buy stock in NOVA, consider this:

The Insider Monkey Quarterly Newsletter just identified what we believe are the 14 best stocks for investors to buy now… and NOVA wasn’t one of them. The 14 stocks that made the cut could produce monster returns in the next few months.

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Disclosure: None. You can also take a look at 11 Most Undervalued Cybersecurity Stocks To Buy According To Analysts and 15 NATO Members with the Largest Militaries.

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