Palantir Technologies (PLTR -2.40%) shares have surged 360% this year, outpacing the next closest stock in the S&P 500 by 100 percentage points. The data analytics company is now worth $180 billion. However, certain Wall Street analysts expect Shopify (SHOP -1.38%) and Uber Technologies (UBER -0.59%) to surpass that figure before year’s end in 2025.
Shopify is currently worth $140 billion and needs a 29% increase next year to reach the $180 billion mark. Analyst Anthony Chukumba at Loop Capital expects this as a likely possibility, raising his target price to $140 per share for a 30% upside from the current share price of $108.
Uber Technologies is also expected to surpass $180 billion in valuation, currently worth $129 billion. A 40% increase is necessary to reach the target, with analysts predicting a median target price of $90 per share, implying a 48% upside from the current share price of $61.
Key factors contributing to Shopify’s potential success include its turnkey commerce solution and breadth of features, making it a major player in e-commerce. The company’s merchants account for over 10% online retail sales in the US and Western Europe, solidifying its position as the second-largest e-commerce company in those regions.
For Uber Technologies, analysts point to its market leadership in ride-sharing and restaurant food delivery, generating significant data that enables efficient operations. The company’s ability to offer both services through a single mobile app supports cost-efficient customer acquisition, with some analysts predicting $5 billion in ad revenue by 2027.
Despite concerns about the impact of autonomous vehicles on Uber Technologies’ stock price, many analysts believe the company will benefit from robotaxis given its position as a demand aggregator in the ride-sharing market. Wall Street expectations for adjusted earnings growth and valuation also suggest that patient investors can consider purchasing shares of both companies today.
Source: https://www.fool.com/investing/2024/12/30/2-stocks-worth-more-than-palantir-stock-by-2025