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JPMorgan recommends these two stocks as top picks for 2025

DB
David Boulder
· 18 listopada 2024 · 3 min czytania

As 2025 approaches, investors are starting to carefully select stocks that could deliver solid returns. According to J.P. Morgan, two particular stocks are among those that deserve attention. These companies are getting positive reviews from analysts and are considered strong candidates for the coming year.

Which 2 stocks are they? 👇

Vistra Corp. - a strong choice in the energy sector

The first stock that has been recommended is Vistra Energy $VST, a Texas-based energy company that specializes in power generation and is one of the largest companies in this sector in the US market. Vistra boasts an extensive portfolio of power plants that include gas, coal, nuclear and solar capacity, and employs more than 6,800 people. With a total market value of more than $48 billion and 5 million customers, Vistra is a strong player in the energy sector.

What's even more interesting about Vistra is its commitment to carbon-free energy production. In 2024, the company completed a major acquisition, adding 4 gigawatts of nuclear power to its portfolio, and also received approval to extend the operation of its Comanche Peak nuclear facility until 2053. In addition, the company plans to further expand its natural gas-fired generation capacity by more than 2,000 megawatts.

In the third quarter of 2024, Vistra reported revenue of $6.28 billion, up 54% year-over-year. J.P. Morgan analyst Jeremy Tonet sees the company as a strong candidate for growth in 2025, and recommends its stock for purchase with a target price of $178.

EverQuote - an insurance platform with growing revenues

The second stock that J.P. Morgan analysts are focusing their attention on is EverQuote $EVER, an online insurance platform. This company connects agents and insurance companies with individuals looking for insurance, including life, auto and home insurance. Founded in 2011, EverQuote currently has a market value of $713 million.

For the third quarter of 2024, the company reported revenue of $144.54 million, an increase of 162.8% from the previous year. Earnings per share came in at 31 cents, which was 10 cents more than analysts expected. EverQuote also released its fourth-quarter outlook, projecting 140% year-over-year growth.

Cody Carpenter, an analyst at J.P. Morgan, sees EverQuote as a strong candidate for growth in 2025 and recommends the stock with a target price of $28, representing a 49% upside potential. With steady growth and favorable prospects for further expansion in the insurance world, EverQuote remains a strong buy in the eyes of Wall Street.

Disclaimer: There is plenty of inspiration to be found on Bulios, but stock selection and portfolio construction is up to you, so always conduct a thorough analysis of your own.

Source.

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