3 EV Stocks That Could Soar in 2025
This year hasn't been a great one for shareholders of most electric vehicle (EV) stocks. While the S 500 is up since the end of 2023, the S Kensho Electric Vehicles Index is down for the same timeframe. Tesla is one of the few exceptions to this trend, but even then much of this strength can be chalked up to a bounce-back from weakness in 2022 and 2023.
Blame the transitional dynamic, mostly. The industry has been forced to adjust to the fact that many people still doubt the practicality of EVs. Simultaneously, new competition has required all manufacturers to become more price-competitive than they've ever needed to be. They've also been forced to become more operationally efficient.
Yet, the electric vehicle movement is hardly dead. Technology market research and consultancy outfit Gartner believes there will be over 85 million EVs traveling the world's roads by the end of next year, up 35% from the 64 million being driven now. Most of this growth will (once again) stem from demand for ordinary BEVs, or battery-operated vehicles, as opposed to hybrids.
Source Fool.com
Gartner Inc. Stock
With 7 Buy predictions and 5 Sell predictions the community is currently undecided on Gartner Inc..
On the other hand, the target price of 130 € is below the current price of 168.65 € for Gartner Inc., so the potential is actually -22.92%.
