Key Takeaways:
- Pinterest is leveraging AI to enhance monetization, and analysts see just over 45% upside for the stock today. It’s likely that the stock has more upside.
- NerdWallet is down 40% this year, but analysts see nearly 90% upside for the stock.
- The Trade Desk is trading at its lowest P/E valuation multiple in five years, and analysts expect that the stock has over 100% upside from here.
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Finding stocks that can double in a year isn’t easy, but it’s possible when you search the market that you’ll end up analyzing stocks that trade at low valuation multiples with solid underlying businesses.
While there’s no way to guarantee returns in the stock market, analysts believe these three stocks are significantly undervalued today, and could very well double in the next 12 months.
1: Pinterest (PINS)
Pinterest is a visual discovery platform that allows users to find and save ideas across various interests. With over 480 million monthly active users, it remains a unique player in the social media space.
The company is enhancing its monetization efforts with AI-powered ad tools and e-commerce integrations, making it easier for users to shop directly on the platform.
Analysts only see about 46% upside for Pinterest, but the stock could easily have more upside than analysts anticipate because the company is expanding profit margins.
Why Pinterest has upside:
- The company is improving ad targeting and boosting engagement with AI.
- E-commerce integrations could drive higher revenue per user.
- Analysts see a price target of $46 per share, suggesting a 46%+ upside.
If Pinterest continues to execute on its AI and e-commerce initiatives, the stock could have even more room to run.
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2: NerdWallet (NRDS)
NerdWallet is a personal finance company that helps consumers find the best financial products, from credit cards to loans. The company earns revenue by referring users to financial institutions.
After falling 40% this year, NerdWallet looks like an undervalued stock with strong long-term potential.
The company’s operating margins are expected to improve significantly over the next three years, which could drive meaningful earnings growth.
Why NerdWallet is interesting:
- The company operates in a high-margin, scalable business model.
- Analysts currently see about 90% upside from today’s share price.
- Improving margins could be a key driver of future stock gains.
NerdWallet’s stock is beaten down, but if margins improve as expected, this could be one of the biggest turnaround plays on the list.
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3: The Trade Desk (TTD)
The Trade Desk is one of the leading independent ad-buying platforms, helping brands manage their digital ad campaigns across multiple channels.
As third-party cookies phase out, advertisers are looking for better ways to reach customers. The Trade Desk’s AI-powered system is well-positioned to benefit from this shift, making it an important player in the future of digital advertising.
Right now, the stock is trading at its lowest price-to-earnings (P/E) multiple in five years, which could present an opportunity. Analysts think the stock has over 100% upside today:
Why The Trade Desk could be the biggest winner on this list:
- The shift away from third-party cookies makes its platform more valuable.
- The company has consistently gained market share in digital advertising.
- Analysts expect that the stock has 100%+ upside, with a price target of around $110 per share.
With a long runway for growth and a valuation near multi-year lows, The Trade Desk looks like the best opportunity on this list today.
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TIKR Takeaway
These three stocks have the potential to double in the next 12 months because analysts think they have strong upside today.
NerdWallet and The Trade Desk look to have the highest upside on this list.
The TIKR Terminal offers industry-leading financial data on over 100,000 stocks and was built for investors who think of buying stocks as buying a piece of a business.
Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
