These 3 Large-Cap Stocks Doubled in 2024. Which One Has the Highest Upside Potential for 2025?
From Nasdaq: 2025-01-04 11:00:00
Sea Limited (NYSE: SE) saw a 162% gain in 2024 after a decline in the previous years. With a market cap of $61 billion, Sea is a large-cap stock. Axon Enterprise (NASDAQ: AXON) and Spotify Technologies (NYSE: SPOT) also saw triple-digit climbs in 2024.
Sea Limited’s revenue surged by 25.6% year over year in the first nine months of 2024, driving its stock price up. Axon Enterprise expanded into new products and services, expecting a 32% revenue growth in 2024. Spotify hit new highs in 2024 as its subscriber base grew, leading to improved profit margins.
Of the three stocks, Sea Limited is the top pick for 2025 due to surging e-commerce, financial services, and video game segments. Sea Limited stock is currently trading at just 4 times sales, making it the cheapest of three stocks. Analysts predict Sea Limited to have the most upside potential by 2025. However, it wasn’t included in the 10 best stocks identified by The Motley Fool Stock Advisor team. The top 10 stocks recommended by the team have historically generated significant returns, such as Nvidia, which saw a $1,000 investment grow to $885,388. The Stock Advisor service has outperformed the S&P 500 since 2002, offering guidance on portfolio building and two new stock picks monthly.
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