Five Stocks That Can Double In 2025
2024 marked a strong year for the stock market, following up on 2023’s
gains. Investors are bullish about 2025, as deregulation and extended tax
cuts could allow smaller-cap companies to flourish.
Given the bullish backdrop for corporate America, there are plenty of
reasons to be bullish on stocks. We’ve identified several companies that can
potentially double in 2025, providing investors with triple-digit returns.
Joby Aviation (JOBY)
In 2020 and 2021, investors loved small-cap stocks and early-stage ideas
with big potential. But they didn’t have the patience to see these early-stage
companies through to production.
Some of these smaller players have failed. A few have continued to develop
their product and are moving to market. One of them is Joby Aviation
(JOBY), a mobility company working on EV aircraft.
Specifically, Joby is developing a vertical takeoff and landing (VTL) electric
craft. These craft can operate as “air taxis” providing service across short
distances.
Shares have been a roller coaster for investors, and are down two-thirds
from their all-time highs. But Joby is delivering results, including its first air
taxi flight in Japan, and is working in Dubai to create its own vertiport.
Increased regulatory approval is likely throughout 2025, which should allow
Joby to ramp up its EV air taxi production.
As Joby moves from development and early stage flights to full services,
revenues should take off, and shares with them. Meanwhile, Joby remains
cash rich, with over $800 million in cash, more than enough to sustain them
to 2025, when short flights on an electric air taxi become more mainstream.
Coinbase Global (COIN)
Cryptocurrency brokerage firm Coinbase Global (COIN) had a strong year
in 2024, thanks to soaring cryptocurrency prices. But shares could double
easily for several reasons.
First, shares tend to trade in sympathy with moves in the cryptocurrency
market. That’s allowed shares to more than triple from their lows in 2021
when cryptos were in a bear market. Today, a new bull market is underway,
and still has most of its move to play out.
In April 2024, bitcoin underwent its halving, reducing the future supply of
mined bitcoin. Bitcoin prices consolidated before breaking higher. With that
trend underway, bitcoin prices will likely peak in late 2025, and with them,
Coinbase shares. The end part of any asset rally is bigger and more volatile
than the start.
Next, Coinbase is the custody of choice for nearly all of the 11 bitcoin ETFs
that were approved for trading by the SEC at the start of 2024. Custody
services indicate Coinbase’s industry leadership, but also the prospect for
collecting fees and other crypto assets from interested investors.
Finally, Coinbase tends to print money in a crypto bull market. Capital
comes pouring in when prices rise, and as a brokerage, Coinbase can
perform its services with a hefty profit margin.
While Coinbase may not rally as much as a popular cryptocurrency, its
shares stand to see substantial gains amid the next crypto bull market.
At present, the company’s hefty cash flows aren’t going to shareholders. But
in time, this is a strong candidate to initiate dividend payments and share
buybacks to take some of the sting out of the cryptocurrency market’s
volatility.
Hims & Hers Health (HIMS)
The healthcare market tends to grow faster than the rest of the economy.
Thank an aging population. Part of those healthcare needs are really more
healthcare wants, from weight management to tending to hair loss.
Elective health issues remain a big, and growing business. And companies
that offer telehealth consultations can set up customers with prescriptions
for elective healthcare needs.
That’s the niche where Hims & Hers Health (HIMS) leads. The company
recently topped over $1 billion in annual revenues, and continues to grow at
nearly a 50% annual pace. Net profit margins alone surged 663% in 2024
compared to 2023.
Plus, at a time when the healthcare space is focused on Ozempic and
related weight-loss drugs, that’s only a fraction of Hims & Hers’s bottom
line.
The healthcare space can be competitive, and companies like Amazon are
looking to get into the game. But Amazon has spent billions on healthcare
plays over the years, with little to show for it.
As long as Hims & Hers can remain a growth leader, shares should trend
higher, no matter what potential competitors are up to. While a volatile play,
it’s one that can easily double for investors in 2025.
Hudbay Minerals (HBM)
The commodity market has started to show some signs of life in recent
years, after spending most of the 2010s in decline. One commodity that
tends to fare well during a bull market for the asset class is copper.
One small copper play is Hudbay Minerals (HBM). They operate a
number of properties in North and South America, particularly in Peru.
Besides mining copper, Hudbay’s properties also produce valuable metals
such as gold, silver, molybdenum, and zinc.
While shares of this copper play have already doubled in the past year, a
commodity rally tends to take years to play out. That suggests far more
upside ahead for shares.
Operationally, Hudbay has a reasonable balance sheet with a low debt to
equity ratio. Earnings per share jumped 86% in 2024 thanks to improving
operations and higher-trending copper prices. Plus, the company’s
operations are in places politically friendly for copper mining.
Hudbay even pays a small dividend of a penny per share, which works out
to a 0.2% dividend. Further increases could be in the cards if copper prices
soar and Hudbay has excess profits to put to work.
If the commodity markets really take off, Hudbay could also be an
acquisition candidate by one of the larger copper or metal mining
companies thanks to its sub-$4 billion market cap. That would likely mean
an offer carrying an instant premium to where shares recently traded.
Whether or not that happens, conditions are ideal for the share price to
trend higher and potentially double from their low prices today.
Bloom Energy (BE)
The energy sector can be one of the most volatile in the markets. When
stock sold off in 2022, energy stocks soared. In 2023, when the markets
roared back, energy prices slid and most energy stocks slid with them.
Today, conventional energy stocks are seeing strong demand. But green
energy plays are out of favor. The high costs, government subsidies, and
other factors don’t make them attractive right now.
Straddling conventional and green energy, Bloom Energy could be a big
winner, even if energy prices don’t take off. That’s because the company
designs and creates fuel cell systems that allow facilities such as data
centers or warehouses to convert fuels into electricity.
That includes conventional energy sources such as natural gas. But it can
also include hydrogen or biogas. The end result is a more robust and
diverse local power grid that’s less susceptible to downtime.
Bloom Energy tends to see big moves up and down in shares. Currently,
shares have been trending down. But they now trade at a value that could
see them soar higher.
Since going public in 2018, Bloom has yet to turn a profit. But revenues
have been trending higher the past few years, and the company has been
inking large deals with data centers and other facilities with on-site
electricity generation needs.
In late 2024, Bloom Energy inked a deal with American Electric Power to
supply 1 gigawatt of fuel cells, the largest commercial order for such fuel
cells. That makes Bloom Energy a leading player in a niche field with high
demand.
Analysts have become bullish on the stock, and reliable energy demand
shows signs of increasing, especially with the growth of data centers
catering to AI needs. Shares could easily double from here as investors
digest the reality that Bloom Energy is a secondary play on the AI market
and its insatiable power demands