Analysts love these Nasdaq stocks as benchmark wraps up best first half since 1983

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The tech-heavy index has soared nearly 29% this year, and is currently on pace for its best first half since 1983.

That year, the Nasdaq rallied 37.1% in the first half; it finished 1983 up nearly 20%. Excitement around artificial intelligence propelled the benchmark after a tough 2022. Shares of Apple, Google-parent Alphabet, Meta Platforms and Nvidia have soared in 2023. Other winners include Ambrx Biopharma and Cipher Mining , with gains of more than 600% and 412%, respectively.

mountain Diamondback Energy stock has slipped more than 6% from January. Latin American online marketplace MercadoLibre also made the cut. The stock has gained more than 38% year to date. Nearly 73% of that cover MercadoLibre rate the stock as a buy, with their average price targets implying about 38% upside to current levels, FactSet data shows.

mountain Shares have soared more than 38% so far this year. Mobileye Global , a company that helps develop technology, software and camera for autonomous driving, is also expected to drive the Nasdaq going forward. Three-quarters of analysts covering the stock rate it a buy, and the average price target indicates 30% upside over the next 12 months.

mountain Sarepta stock has slipped more than 17% so far in 2023.

 

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