Bank of America recommends Chevron, PayPal, and 8 other US stocks for Q1 2025

From Investing.com: 2025-01-02 06:33:26

Bank of America analysts released their “Top 10 U.S. Ideas” for Q1 2025, featuring nine Buy-rated stocks and one Underperform.

Ametek is projected to surpass Q4 earnings expectations and offer solid 2025 guidance, benefiting from improving demand indicators.

Chevron’s 2025 growth catalysts include Namibia well results and cost-cutting initiatives, supporting a price target of $180.

Chewy is seen as an early-stage earnings revision story with a 24% compound annual growth rate in EBITDA, making it one of BofA’s top picks.

Dexcom is expected to experience accelerated revenue growth with new product launches, setting a target of $90.

HubSpot is rated as a leader in the small- and medium-sized business CRM space with growth expected to reaccelerate, targeting $850.

PayPal’s turnaround efforts are gaining momentum, with a target of $103 and potential improvement in branded total payment volume growth.

Progressive Corp stands out with ad spending and policy growth momentum, forecasting sustained growth and peak underwriting margins.

The Trade Desk remains in focus with strong growth in digital and connected TV advertising, assigned a target of $155 per share.

Wells Fargo’s efficiency improvements and potential regulatory relief are highlighted, setting a price target of $84.

Illumina is the Underperform-rated stock due to skepticism about slow revenue growth and risks from government budget cuts, with a price target of $120.



Read more at Investing.com: Chevron, PayPal stock and these 8 US names are best ideas for Q1 2025 at BofA By Investing.com