3 Stocks She Just Bought
Kathy Wood saw her investment rise after a slow start to 2024. Ark Invest’s co-founder and chief stock picker hopes to outperform the market earlier this year. Ark kicked off the first full trading week of 2025 by performing some steps.
Wood added to his existing stakes Amazon: (NASDAQ: AMZN), GitLab: (NASDAQ: GTLB)and: California Pacific Biology (NASDAQ: PACB) on Monday. Let’s take a closer look at Ark’s latest acquisitions.
The leading online retailer may look like a bargain.Amazon’s shares hit an all-time high last month, 4 times the 11% advance on net sales it posted in 2024. in the first nine months.However, recent analyst notes suggest that Amazon is moving higher.
Scott Devitt at Wedbush raised his price target on the e-tailer from $250 to $260, making it a top pick for the new year.Amazon’s top line may not look all that impressive, especially with its own guidance calling for it net sales growth slowed to 7% to 11% for the holiday quarter that ended last week, however, Devitt expects Amazon’s margins to expand 24% operating profit growth at Amazon in the coming year, faster than some other members.Magnificent Seven” shares.
Devitt’s new price target of $260 implies a 14% upside from current levels, but the Wedbush analyst did not set a high for 2025. Shweta Khajuria at Wolfe Research raised her price target on the stock to $270 at the end of the week, up 19% from the stock’s current price.Amazon may not look cheap, but Khajuria does is that expectations are rising further through 2025 as growth catalysts kick in. Amazon’s momentum in its cloud hosting business has delivered four consecutive quarters of accelerated sales growth.
Amazon’s annual net sales growth has failed to reach 12% in the past three years. Analysts see more of the same in 2025, but this should continue to be a major growth story.
Like Amazon, GitLab has risen in each of the first three trading days of 2025. Unlike Amazon, investors in GitLab have seen their stock fall 10% in an otherwise brisk 2024. that cloud-based software provider’s development tools have failed.
At least 16 analysts raised their price targets on GitLab after it posted better-than-expected financial results, a “beat and raise” performance. The 31% revenue increase for the fiscal third quarter reported in early December may have been less than half the pace of two years ago, but it easily beat Wall Street forecasts, too beat analysts’ revenue estimates 44%, extending its streak of below 40% to five consecutive reports.It also raised its guidance for the full fiscal year, suggesting the current quarter is also trending ahead as market parties face GitLab- during the fiscal fourth quarter forecast.
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