25 U.S. ‘highest conviction’ stocks – UBS

UBS analysts updated their “highest conviction calls,” which are 25 of their top stocks for 2025.

These are the 25 “most compelling buy-rated investment ideas for the year ahead,” said Joseph Parkhill, analyst at UBS. “We’ve focused on stocks where we believe our analysts have a differentiated view vs. consensus, and where we have interesting or proprietary data sources.”

Analysts also consider the potential upside to each stock’s price target, the risk/reward skew, and each of the stock’s exposure to important themes for the next year.

Here is the list:

1. 3M Company (MMM) – Price target: $184
2. Alaska Air Group (ALK) – Price target: $81
3. Amazon.com (AMZN) – Price target: $264
4. American Tower Corp. (AMT) – Price target: $245
5. Amphenol Corp. (APH) – Price target: $88
6. Aritzia Inc. (OTCPK:ATZAF) – Price target: CAD 66
7. CenterPoint Energy (CNP) – Price target: $37
8. Cognex Corp. (CGNX) – Price target: $58
9. Comfort Systems USA (FIX) – Price target: $575
10. ConocoPhillips (COP) – Price target: $140
11. CyberArk Software (CYBR) – Price target: $400
12. Dell Technologies (DELL) – Price target: $158
13. Elevance Health (ELV) – Price target: $555
14. Energy Transfer (ET) – Price target: $23
15. First Citizens BancShares (FCNCA) – Price target: $2,700
16. First Solar (FSLR) – Price target: $360
17. Keurig Dr. Pepper (KDP) – Price target: $42
18. Legend Biotech (LEGN) – Price target: $65
19. Mastercard (MA) – Price target: $610
20. Oracle Corp. (ORCL) – Price target: $210
21. Reinsurance Group of America (RGA) – Price target: $260
22. S&P Global (SPGI) – Price target: $610
23. Sarepta Therapeutics (SRPT) – Price target: $188
24. Texas Instruments (TXN) – Price target: $250
25. Ulta Beauty (ULTA) – Price target: $490