The most upgraded stock for 2024 is NVIDIA. NASDAQ: NVDAAmazon NASDAQ: AMZNand metaplatforms NASDAQ: META. Each of them received more than 120 positive changes, including price target increases and upgrades, which significantly lifted their markets. The question is whether these trends will continue in 2025, and the answer is yes. These stocks are expected to grow and have business momentum to support the renewal cycle. The real question is how high they can go.
NVIDIA is the most advanced graphics card in 2024
NVIDIA today
(As of 5:45 p.m. ET)
- 52 week range
- $47.32
▼
$152.89
- Dividend yield
- 0.03%
- P/E ratio
- 51.43
- Target price
- $164.15
NVIDIA is the most upgraded stock in 2024 by a wide margin. It received 150 positive changes, including updates and price target increases that significantly raised the consensus target. The consensus reported by MarketBeat is for a split-adjusted $164, more than double the consensus late last year, indicating 25% upside for the market. However, given the positive revision trend, a move to the upper range around $200 is likely. This adds another 28% growth potential to the market, resulting in price growth potential in 2025 exceeding 50%.
NVIDIA’s growth slows in 2024 and is expected to slow again in 2025, but that shouldn’t be a problem for the market. Growth is slowing to double digits above 50%, and earnings are expected to remain strong into 2026 and possibly beyond. Blackwell, the next generation of GPUs specifically designed for artificial intelligence, is due to arrive in the first half of 2026 and could hit the market sooner. However, investors should expect updates throughout the year that will contribute to positive sentiment.
One reason to buy and hold NVIDIA stock is balance sheet. The surge in demand for GPUs provides NVIDIA with robust earnings and cash flow, allowing the company to grow its cash reserves by investing in infrastructure and R&D. Highlights from the fiscal third quarter included $38.5 billion in cash, up nearly 50% from last year and enough to cover the company’s total liabilities on a net cash basis. The remainder is worth more than $8 billion. Despite this, the company is in an increasingly strong financial position, capable of improving its return on capital.
Amazon: Another 25% growth potential expected in 2025
Amazon.com today
(As of 5:45 p.m. ET)
- 52 week range
- $144.05
▼
$233.00
- P/E ratio
- 47.81
- Target price
- $242.00
Analyst trends are positive for Amazon, putting it in second place for most stock updates with 123 positive revisions this year. Analysts rate it a Moderate Buy; Sentiment is strengthening and price targets suggest upside potential of a further 25% from mid-December levels. The catalyst for stock price growth in 2024 will be sustained strength in both the consumer and AWS operating segments, as well as stronger demand in the AWS segment. Amazon Web Services will grow at a rate of 20% in 2024 and is expected to continue to grow in 2025, maintaining its leading position among hyperscalers.
Other catalysts include consumer trends, economic health and a new administration. Despite the risks and concerns, the U.S. economy will be strong in 2024, growing above target, supporting a robust labor market and consumer spending. These trends are expected to continue or intensify in 2025, when Trump’s policies take effect.
Meta Platforms is the third most updated promotion in 2025
Metaplatforms today
(As of 5:45 p.m. ET)
- 52 week range
- $340.01
▼
$638.40
- Dividend yield
- 0.34%
- P/E ratio
- 28.05
- Target price
- $638.00
Meta Platforms pivoted in 2024, transforming itself from a shady tech company into a high-tech tech company capable of maintaining a leadership position while returning capital to investors. The story began in 2023 as the year of efficiency and gained momentum over the next 18 months as efficiency and artificial intelligence led to improvements in user metrics, monetization and operational profitability.
Today, Meta is a promising dividend growth stock yielding less than 10% of its earnings. It is set for robust annual distribution growth that is likely to outpace GDP, inflation and the broader market. The analysts made 120 positive revisions for 2024, raising their price target nearly 100%. The stock is fairly priced relative to the consensus estimate of $625, but the revision trend suggests the stock’s upward momentum will continue, with moves in the $700 to $800 range likely in 2025.
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