The Nasdaq Composite, the S&P 500, and the Dow Jones Industrial Average have all reached record heights this year, sparking concerns about whether there’s still upside ahead. However, Wall Street remains bullish, with forecasts for 2025 continuing to rise.
Analysts at Goldman Sachs predict a 7% gain in the S&P 500 by December 2025, while Bank of America expects gains of 10%. Wells Fargo takes a more aggressive stance, predicting a 15% gain. Despite recent market volatility, opportunities abound.
Two Nasdaq stocks stand out for their potential upside: Sirius XM Holdings and Symbotic. Sirius XM has an implied upside of 59%, driven by its strong customer base and growing ad-supported music streaming service. The company’s revenue slipped 4% year over year, but management expects to deliver improved results in the future.
Symbotic, on the other hand, boasts an implied upside of 115%. The AI-powered warehouse automation company has seen significant growth, with revenue increasing by 47% year over year. Analysts like Derek Soderberg see potential for the stock to reach $60, representing a 115% gain compared to Thursday’s closing price.
While both stocks carry risk, savvy investors may find attractive opportunities in their current prices. Sirius XM is trading at 8 times earnings with no growth baked into the stock price, making it an appealing investment. Symbotic’s low price of 1.5 times sales presents a compelling case for its future success.
Source: https://www.fool.com/investing/2024/12/08/2-nasdaq-stocks-to-buy-before-they-soar-as-much-as