Wall Street analysts are rolling out their favorite stocks to buy in 2024. This week, Goldman Sachs unveiled a slew of companies that the company says have soared this year. CNBC Pro combed through Goldman’s research to find the best company ideas for 2024. They include First Solar, Target, Delta Air Lines, Boeing and JPMorgan. Target Goldman called Target its best long-term idea in 2024 in a recent note to clients. “TGT is highly controversial and the stock remains under pressure with investors concerned about market share losses,” analyst Kate McShane and her team wrote. However, the company said it stands by the retailer’s stock due to a myriad of positive catalysts. Retailers like Target are bracing for a year of “sales inflection” as “normal demand” sets in and a deflationary environment materializes, according to the analyst. “We see long-term growth for TGT linked to market share gains across categories from various mall retailers due to strong merchandising,” she said. The company also says its scans show Target has the “most margin drivers” in 2024. The company’s shares are down more than 11% over the past 12 months, but at this level they are too attractive to ignore, McShane wrote. JPMorgan Banking giant JPMorgan is firing on all cylinders, according to analyst Richard Ramsden. It becomes more “constructive” for the stock in 2024, even as the industry faces “upward pressures on deposit pricing, weaker loan growth, and credit normalization,” Goldman said. JPMorgan appears to be rising above it all, the company wrote. In particular, Ramsden said the bank’s deposit trends fared better than competitors in the sector. Furthermore, Ramsden wrote, the bank is well positioned to resume repo operations. “Although increased buybacks will not have a significant impact on the stock’s earnings outlook, we believe it will be viewed as a positive signaling mechanism by investors,” he added. Ramsden also said the bank has pricing power, which it can use to control deposit costs. JPMorgan shares are up 21% in the past 12 months, and the stock is on Goldman’s prestigious conviction buy list. “JP Morgan has been the clear beneficiary of market share gains, implying best-in-class revenue growth,” Ramsden said. The bank also announced fourth-quarter earnings on Friday. First Solar shares are too cheap to ignore, says analyst Brian Lee. The company said it expects the stock to rise significantly in 2024 as the rules of the Inflationary Control Act, a landmark climate change policy, begin to take shape. “Additionally, we see significant growth visibility and momentum emerging in the U.S. utilities sector once the Treasury issues further guidance on the IRA bill,” the analyst wrote. First Solar also has pricing power, which should allow it to thrive even as interest rates remain high, Lee added. “After a healthy recovery in 2023, we expect U.S. utility-scale solar demand to rise by double digits again in 2024, or +20% year over year,” he wrote. Shares of First Solar are down 10% over the past 12 months, but the stock also remains on the company’s buy-conviction list. “Highest quality growth with double the visibility of EPS growth through 26 and beyond,” Lee said. Delta Air Lines “We continue to maintain a Buy rating on DAL shares and reiterate our $47 12-month price target (14% upside potential). Our Buy rating is based on 1) Accelerating growth in private, less cyclical, high margin businesses (e.g. MRO , loyalty); 2) exposure to end markets that are still recovering (e.g. Asia Pacific, corporate); and 3) a relatively strong balance sheet.” Target “Our view is that FY24 could be a year of sales turnaround for many retailers and/or accelerating sales for others as we enter a more normal demand environment for services and goods. … TGT is highly controversial and the stock remains under pressure with nervous investors. On market share losses… We see long-term growth for TGT associated with market share gains across categories from various mall retailers due to strong promotion. … We note that OLLI and TGT have the largest margin drivers in FY24.” JPMorgan “We are positive on JPMorgan on the upside of its best-in-class revenues, as it is a clear beneficiary of market share gains as the industry faces upward deposit pricing pressures, weak loan growth and credit normalization. …while repos The increase will not have a significant impact on the stock’s earnings outlook, and we believe it will be viewed as a positive signaling mechanism by investors… JP Morgan has been the clear beneficiary of the market share gains, implying a best-in-class revenue rise. Solar’s highest quality growth with increased visibility for EPS growth in 2020 and beyond. Additionally, we see significant growth visibility and momentum evident in the US utility sector once the Treasury issues further guidance on the IRA bill. …After a healthy rebound in 2023, we expect U.S. utility-scale solar demand to rise by double digits again in 2024, or +20% year over year. “Global air travel continues to recover, which along with replacements is driving new aircraft order activity from airlines. This is ultimately the most important driver of Boeing’s future cash flow. The supply chain has hampered the ability to meet demand with production but we “We believe 2024 will be a big inflection year on this front and deliveries will grow rapidly from here.”