Even after a massive surge in 2024, Nvidia is expected to continue its upward trajectory in 2025, according to analysts.
Artificial intelligence darling Nvidia remains a favored stock on Wall Street heading into the new year. It has been a record year for the stock market , with all three major indexes notching multiple new all-time closing highs. With just a few days of 2024 left, the S & P 500 benchmark is on track for a 24% gain. Given the stock market 's strong performance in 2024, trying to find names with upside left in the year ahead may be difficult.
Against this backdrop, CNBC Pro used its stock screener tool to search for names in the S & P 500 that still have at least 30% potential upside in 2025, based on consensus Wall Street price targets. To be included in the following table, stocks had to meet the following criteria, as of Dec. 17: Have a consensus analyst buy rating Have a potential upside of at least 30% next year, according to consensus analyst price targets Show a gain this year, which excludes stocks that only have a high upside due to substantial underperformance in 2024 It may be surprising that AI poster child Nvidia , which has already surged more than 170% in 2024, is included on the list. Yet, analysts think the stock could gain another 30% in the coming year. Cantor Fitzgerald recently reiterated its overweight rating on the stock and named it a best idea heading into 2025 in the semiconductor space. 'NVDA is coming into its strongest product cycle ever in Blackwell, which will ramp throughout 2025 (followed quickly by Rubin in 2026), with a setup for continued strength in hyperscale spending and ongoing ramp of Enterprise and Sovereign AI infrastructure builds,' the firm wrote. Cantor Fitzgerald raised its price target for the stock to $200, implying 48% upside from Friday's close. Energy stock Diamondback Energy is little changed in 2024, but analysts expect it has upside of 36
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