10 Stocks Set to Explode in 2025

4. TG Therapeutics, Inc. (NASDAQ:TGTX)

Street High Upside as of October 27, 2024: 110%

Number of Hedge Fund Holders: 38

TG Therapeutics, Inc. (NASDAQ:TGTX) ranks fourth on our list of stocks expected to explode in 2025. The biotech company engages in the acquisition, development, and commercialization of novel treatments for B-cell malignancies and autoimmune diseases.

BRIUMVI, a medicine for adults with relapsing forms of multiple sclerosis, is the company’s major product. In the second quarter of 2024, BRIUMVI sales reached $72.6 million, exceeding expectations. Consequently, the company raised guidance for the full-year sales to reach between $290 million and $300 million. Overall, company revenue reached $73.47 million, up by 357% year-over-year.

TG Therapeutics, Inc. (NASDAQ:TGTX) is making significant efforts to establish solid fundamentals for the company. During the second quarter of 2024, the company established a credit facility to pay its current debt and accelerate the initiation of a share repurchase program. In addition to that, the company is also focused on maintaining solid cash flow, improving marketing efforts, and developing a strong commercial infrastructure.

While the company reported a net loss of $6.9 million during the quarter and $3.8 million for the first half of the year, TG Therapeutics, Inc. (NASDAQ:TGTX) logged a net loss of $47.6 million and $86.8 million for the three and six months ending June 30, 2023. This suggests that the company is slowly closing its loss and will be expected to become profitable by next year. Analysts are also bullish on the stock and their high price target implies an upside of 110% from current levels.