5 Hot Stocks to Invest in According to Wall Street Analysts

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1. Uber Technologies, Inc. (NYSE:UBER)

Number of Q4 2023 Hedge Fund Shareholders: 129

Share Price Target Upside: 9.49%

Latest Average Share Price Target: $86

Uber Technologies, Inc. (NYSE:UBER) is a technology company known for its ride share software platform. 2024 has seen the resurgence of its legal battles regarding contract work, and the firm is leaving Minneapolis after a controversial minimum wage law.

129 out of the 933 hedge funds part of Insider Monkey’s Q4 2023 database were Uber Technologies, Inc. (NYSE:UBER)’s shareholders. D. E. Shaw’s D E Shaw owned the biggest stake which was worth $886 million.

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Should you invest $1,000 in Uber right now?

Before you buy stock in UBER, consider this:

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

Quarterly Newsletter is your easy-to-follow blueprint for building a winning portfolio.  It includes stock picks from billionaires, regular updates from hedge fund investor letters, and 14 fresh stock picks each quarter. The Quarterly Newsletter service has more than doubled the return of S&P 500 since 2014.

See the 14 stocks

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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