The appeal of growth stocks is undeniable, especially following the recent surge in technology stocks. With expectations of multiple rate cuts in 2025 and the upcoming elections behind us, the long-term outlook for growth stocks appears promising.
Goldman Sachs recently highlighted a list of unprofitable growth stocks that are on track to become profitable in 2025. Among these, five growth stocks are all rated as “Buy” on Wall Street.
1. Cipher Mining (CIFR): Based in New York City, Cipher Mining operates Bitcoin mining data centers in the US. Analysts have given the stock a “Strong Buy” rating, with a mean target price of $6.67, indicating a potential upside of 61.9%.
2. indie Semiconductor (INDI): Located in San Jose, indie Semiconductor designs and manufactures analog and mixed-signal semiconductors. The stock has a unanimous “Strong Buy” rating from analysts, with a target price of $11.08, representing a potential upside of 77.8%.
3. Aspen Aerogels (ASPN): Founded in 2001, Aspen Aerogels develops aerogel insulation products for various applications. Analysts have unanimously rated the stock as a “Strong Buy,” with a target price of $30.89, suggesting a potential upside of 27%.
4. Fluence Energy (FLNC): Established in 2021, Fluence Energy is a joint venture between Siemens and AES, operating in the energy storage sector. Analysts have a consensus rating of “Moderate Buy” for the stock, with a target price of $29.42, indicating a potential upside of 59.2%.
5. Draftkings (DKNG): Founded in 2012 in Boston, Draftkings has expanded into a digital sports entertainment company offering various sports betting services. The stock is rated as a “Strong Buy” by analysts, with a target price of $51.18, showing a potential upside of 36.4%.
Please note that the information provided is for informational purposes only and does not constitute investment advice.