The most upgraded stock at the end of 2024 is NVIDIA Nasdaq: NVDAAmazon Nasdaq: AMZNAnd meta platforms Nasdaq: Meta. Each has received more than 120 positive reviews, including target price increases and promotions that have significantly raised their markets. The question is whether these trends will continue in 2025, and the answer is yes. These stocks are noted to be moving upward and have the business momentum to sustain the upgrade cycle. The real question is how far they can go.
NVIDIA is the most upgraded stock in 2024
Nvidia today
(As of 12/19/2024 at 05:45 PM ET)
- 52 week range
- $47.32
▼
$152.89
- Dividend yield
- 0.03%
- P/E ratio
- 51.43
- Price target
- $164.15
NVIDIA is the most upgraded stock in 2024 by a wide margin. It received 150 positive reviews, including upgrades and target price increases that significantly raised the consensus target. The consensus reported by MarketBeat is $164, more than double the consensus at the end of last year, suggesting a 25% upside for the market. However, with a positive revision trend, a move to the upper range near $200 is likely. This adds another 28% upside to the market, raising the probability of a price increase in 2025 to more than 50%.
NVIDIA’s growth is slowing in 2024 and is expected to slow again in 2025, but that should not be a problem for the market. Growth is slowing to high double digits, above 50%, and revenues are expected to remain strong through 2026, and perhaps longer. Blackwell, the next generation of GPUs designed specifically for AI, is scheduled for release in the first half of 2026 and may hit the market soon. Regardless, investors should expect updates throughout the year to reinforce positive sentiment.
One of the reasons to buy and hold NVIDIA stock is the balance sheet. High GPU demand generates strong margins and cash flow for NVIDIA, allowing the company to build its cash reserves while investing in infrastructure and R&D. Highlights at the end of the third quarter include $38.5 billion in cash, up approximately 50% year over year and enough to cover the company’s total liabilities on a net cash basis. The rest is worth more than $8 billion. Regardless, the company has an increasingly strong financial position and is capable of improving capital returns.
Amazon: Another 25% of the hike due in 2025
Amazon.com today
(As of 12/19/2024 at 05:45 PM ET)
- 52 week range
- $144.05
▼
$233.00
- P/E ratio
- 47.81
- Price target
- $242.00
Analyst sentiment is positive for Amazon, putting it in second place for most updated stocks with 123 positive reviews this year. Analysts link it to a moderate buy price. Sentiment is steady, and price targets point to another 25% upside compared to the move in mid-December. The catalysts for its stock price in 2024 are continued strength in both its consumer and AWS operating segments and a reactivation of demand in the AWS segment. Amazon Web Services is growing at a rate of 20% in 2024 and is expected to continue growing in 2025, maintaining its leading position among hyperscalers.
Other catalysts include consumer trends, economic health, and the incoming administration. Despite the risks and concerns, the US economy is strong in 2024 and will grow at a pace above target, supporting a strong labor market and consumer spending. These trends are expected to continue or strengthen in 2025 as Trump’s policies take effect.
Meta Platforms is the third most upgraded stock in 2025
Meta platforms today
(As of 12/19/2024 at 05:45 PM ET)
- 52 week range
- $340.01
▼
$638.40
- Dividend yield
- 0.34%
- P/E ratio
- 28.05
- Price target
- $638.00
Meta Platforms has turned a major corner in 2024, maturing from an undefined technology into a leading technology company capable of maintaining a leadership position while returning capital to investors. The story began in 2023 with the Year of Efficiency and gained momentum over the next 18 months as efficiency and AI improved user metrics, monetization, and operating margin.
Today, Meta is an emerging dividend growth stock, paying out less than 10% of its dividend. It is set to achieve sustainable annual increases in distribution that will likely exceed GDP, inflation and the broad market. Analysts issued 120 positive reviews in 2024, raising the price target by almost 100%. The stock is fairly valued compared to consensus at $625, but the revision trend suggests that the stock’s upward price momentum will continue, likely moving into the $700 to $800 range in 2025.
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