Investing.com -- 2024 has been a year of significant market shifts, with some companies soaring to new heights while others faced significant headwinds. Investing.com has compiled a list of some of the year's most notable performers:
In a recent note, analysts at Baird raised their target for Tesla to $480 from $280, based on strong growth prospects in the automaker, supported by cost reductions, new models, and favorable regulatory dynamics. Since August, Palantir has skyrocketed and is also up close to 400% this year, solidifying its place as one of the top performers.
While the stocks above primarily rallied towards the end of the year, Nvidia made significant gains between January and June. After a pullback, it moved higher once again between August and November and is up over 175% this year. The firm noted that the stock has “been a home-run investment over the last two years owing to a new wave of AI demand,” and they expect 2025 to be “another constructive year.”