10 Stocks Set to Explode in 2025

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1. Snowflake Inc. (NYSE:SNOW)

Street High Upside as of October 27, 2024: 331%

Number of Hedge Fund Holders: 69

Snowflake Inc. (NYSE:SNOW) is a leading AI data cloud company in the United States. The company has more than 10,200 global customers that use its data storage, processing, and analytics products. Its AI data cloud is used by various companies including Adobe, AT&T, HP, Mastercard, PepsiCo, Nielsen, Siemens, Yamaha, and US Foods, to name a few.

Snowflake Inc. (NYSE:SNOW) launched its enterprise AI to more users earlier this year. The new enterprise AI unlocks advanced chat experiences, allowing organizations to develop chatbots within a few minutes. Fast forward to October, the company recently partnered with ServiceNow, an AI platform for business transformation. The two companies came together to connect enterprise-wide data to solve mission-critical problems at scale.

In the fiscal second quarter of 2025, Snowflake Inc. (NYSE:SNOW) logged $829.3 million in product revenue, representing a 30% growth rate year over year. Total revenue amounted to $868.8 million, up by 29% year over year. As of FQ2 2025, 510 of its customers had a trailing 12-month product revenue worth more than $1 million, a testament to the company’s performance. As a result, the company increased its guidance for FY 2025. For the full fiscal year 2025, Snowflake Inc. (NYSE:SNOW) expects product revenue to reach $3.36 billion, representing a growth rate of 26%.

Overall, Snowflake Inc. (NYSE:SNOW) is one of the stocks set to explode in 2025 because it is transitioning to becoming a company fully backed by AI. Analysts are also bullish on the stock and their high price target represents an upside of 330.89% from current levels. 69 hedge funds were bullish on the stock as of Q2 2024.

While we acknowledge the potential of SNOW to grow, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SNOW but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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