The Nasdaq Composite, comprising over 3,000 tech stocks, reached record highs recently, joining the S&P 500 and Dow Jones Industrial Average in a streak of all-time highs this year. Analysts are bullish on the market, with forecasts for 2025 predicting gains of up to 15%. Two stocks that stand out among the rally are Sirius XM Holdings (SIRI) and Symbotic (SYM), both with significant upside potential.
Sirius XM Holdings, a leading satellite radio service provider in North America, has seen its stock price drop 51% this year due to economic downturns and a complicated merger. However, analysts like Benchmark’s Matthew Harrigan believe the selling has gone too far, and management’s strategic initiatives will drive growth. The company’s customer base is unmatched with 150 million subscribers across both satellite radio and ad-supported Pandora music streaming services.
Symbotic, an AI-powered warehouse automation company, is poised to benefit from the rise of online retail. Its systems use advanced algorithms to optimize warehouse space, reducing costs and increasing efficiency. Analysts like Cantor Fitzgerald’s Derek Soderberg rate Symbotic a “buy” with a price target of $60, representing potential upside of 115%. The stock is currently trading at just 1.5 times sales, making it an attractive opportunity for investors.
Both stocks offer compelling reasons to invest in the Nasdaq rally. With steadily improving economic conditions and potential for subscriber growth, Sirius XM Holdings’ shares could increase by up to 59%. Meanwhile, Symbotic’s AI-powered solutions can save companies tens or hundreds of millions of dollars, making its stock a “Double Down” opportunity.
Source: https://www.theglobeandmail.com/investing/markets/stocks/BAC/pressreleases/29947761/2-nasdaq-stocks-to-buy-before-they-soar-as-much-as-115-in-2025-according-to-certain-wall-street-analysts