These Are the Best and Worst FAANG Stocks for 2024, According to Wall Street

It was a major comeback year for FAANG stocks in 2023, as all five constituents have delivered stellar, market-beating returns. Notably, 2022 was nothing short of a nightmare for the group, as none of them outperformed the S&P 500 Index ($SPX), and only Apple (AAPL) declined less than the Nasdaq Composite ($NASX).

In fact, FAANGs were among the worst-performing S&P 500 stocks last year, and Meta Platforms (META) lost almost two-thirds of its market cap. Many analysts wrote “obituaries” for the FAANG stocks in 2022, while some others questioned whether names like Netflix (NFLX) still deserved a place in the coveted group, given its dismal price action and sagging revenue growth.