Key Points
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Robinhood regularly provides data on the most frequently purchased stocks on its platform.
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Large tech and artificial intelligence stocks have sold off this year.
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Wall Street analysts see big buying opportunities for two of the most popular Robinhood stocks.
Robinhood has reported that its users’ top two most-owned stocks are Nvidia (NASDAQ: NVDA) and Microsoft (NASDAQ: MSFT). Of 43 Wall Street analysts covering Nvidia, 41 recommend a buy, with an average price target of $274, suggesting a 54% upside from current levels. Similarly, for Microsoft, 34 of 37 analysts recommend a buy, with an average price target of $582, implying a potential 57% upside.
The stock sell-off in large tech and AI assets this year has sparked interest from analysts, indicating potential buying opportunities. Despite a challenging year, including declining performance for Microsoft, analysts believe the impact of AI will eventually benefit both companies’ growth prospects.
