If you didn't buy Nvidia stock, you missed out on some life-changing gains. But now analysts think there's much more upside on other S&P 500 stocks anyway.
Seven S&P 500 stocks, including Warner Bros. Discovery, Newmont and United Airlines, are expected to jump more than 40% in the next 12 months, says an Investor's Business Daily analysis of data from S&P Global Market Intelligence and MarketSmith. That's much more than what analysts expect from Nvidia stock.
Following the 45% jump in Nvidia shares this year to 720.49, the AI giant's shares are already 2.6% beyond what analysts think the stock should trade for 12 months from now. They think you can do better elsewhere.
Better Than Nvidia Stock?
Analysts keep holding out hope for Warner Bros. Discovery. Shares of the entertainment company mashup are expected to rise more than 60% in the next 12 months, analysts say. That makes it the S&P 500 stock with the most bullish outlook based on the price target.
Part of the upside is a function of the stock skidding. Shares are down 16% this year. But the bullishness isn't just speculation. The company is seen breaking even this year based on full accounting principles, reversing a 2023 net loss of $1.18 a share. On an adjusted accounting basis, analysts expect a gain of 29 cents a share in 2025, reversing a 9-cents-a-share adjusted loss in 2024.
Another big expected winner is miner Newmont. Analysts think the stock will trade for 48.42 in 12 months. If they're right, that's implied upside of 51%. And here profit is already surging. Analysts expect the company to make $2.17 a share this year, up 38% from 2023. Even so, shares are down 22% this year. Hence the bullishness on the opportunity.
Not All Analysts' Favorites Are Down
There's no question that falling S&P 500 stocks stand to rise the most to meet bullish analysts' targets. But that's not the case for all of these chosen stocks.
United Airlines is analysts' third-favorite pick. Shares are seen rising nearly 49% in 12 months. And the stock is up this year, albeit not much: 0.9%. Analysts think the company's profit this year will take a pause. Adjusted profit is seen falling nearly 4% this year. But profit is also expected to rise nearly 21% in 2025.
Of course, that profit growth looks paltry next to Nvidia's. Analysts think the AI giant's profit will explode 269% this year and 62% in 2025. And on top of that, the company tends to blow away profit forecasts.
But for now, analysts think Nvidia isn't your best bet to make money.
Analysts' Top S&P 500 Targets
Most upside to 12-month price targets
| Company | Ticker | Upside | Sector |
|---|---|---|---|
| Warner Bros. Discovery | 60.8% | Communication Services | |
| Newmont | 51.1% | Materials | |
| United Airlines Holdings | 48.5% | Industrials | |
| APA | 48.5% | Energy | |
| First Solar | 45.9% | Information Technology | |
| Albemarle | 42.9% | Materials | |
| Schlumberger | 42.3% | Energy |
