10 Stocks Set to Explode in 2025

6. Semtech Corporation (NASDAQ:SMTC)

Street High Upside as of October 27, 2024: 76%

Number of Hedge Fund Holders: 37

Semtech Corporation (NASDAQ:SMTC) ranks sixth on our list of stocks set to explode in 2025. The company is based in California and is engaged in the provision of high-performance semiconductors, IoT systems, and cloud connectivity services.

In the fiscal second quarter of 2025, Semtech Corporation (NASDAQ:SMTC) logged revenue worth $215.4 million, up from $206.1 million during the fiscal first quarter of 2025. The company has been expanding its offerings, explaining why it ranks on our list. In the past two months alone, the company has accelerated its 5G advanced infrastructure, explored scalable paths for 6G, eased broadband deployments, and enhanced its overall offerings.

For the fiscal third quarter of 2025, the company expects net sales to reach $233 million. The growth is projected to be driven by the infrastructure market and demand for data centers. In addition to that, its high-end consumer segment is expected to grow, due to typical seasonality. Lastly, its industrial end market is projected to grow slightly, as recovery gains from FQ2 2025 are expected to be passed on.

Semtech’s (NASDAQ:SMTC) strategic initiatives coupled with its financial standing promise growth in 2025 and beyond. Analysts are bullish on the stock and their high price target implies an upside of 76% from current levels. At the close of Q2 2024, 37 hedge funds were long on the stock, according to our Insider Monkey database.