The stock market has been experiencing a period of volatility, with analysts unable to reach a consensus on which stocks are the best bets for the future. Names like Tesla and International Business Machines have been struggling despite the broader market rally, while others like Coinbase and Robinhood have seen significant gains.
As the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite reach all-time highs in 2024, CNBC Pro decided to identify the stocks that analysts are most divided on. By screening the Russell 1000 for names with a market cap greater than $2 billion, at least 20% buy and sell ratings from analysts, coverage by five analysts or more, and high volatility, a list of battleground names was compiled.
One of the stocks that analysts are divided on is Tesla, which was a favorite last year but has become the second-worst performer in the S&P 500 in 2024. Despite weakening demand for electric vehicles, there are still many analysts and Elon Musk fans who support the stock. Palantir, known for its defense and intelligence work, has also seen a sharp rise in its share price this year, with analysts split on its future prospects.
Another company that analysts are divided on is IBM, a tech and services provider that has received buy ratings from 40% of analysts covering the stock. Lululemon and United Rentals are also on the list of stocks that analysts have differing opinions on.
Overall, the volatile nature of the stock market in 2024 has led to a lack of consensus among analysts on which stocks are poised for success. As investors navigate this uncertain landscape, it’s important to carefully consider all factors before making investment decisions.
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