Why These 10 Large-Cap Stocks are Skyrocketing

6. Ubiquiti Inc. (NYSE:UI)

30-day Return as of January 22, 2025: 21.2%

Ubiquiti Inc. (NYSE:UI) is a technology company that is headquartered in San Jose, California. It develops networking technology for service providers, enterprises, and consumers. The stock surged by nearly 21% on January 22, going from $344.9 on December 22, 2024, to $417.95 within 30 days.

On January 15, Hamed Khorsand, an analyst at BWS Financial, maintained a buy rating on the stock and raised his price to $440. The analyst is positive on the stock because of the improvements the company made to its supply chain and product availability. Khorsand also expects the stock to maintain a gross margin of more than 40% and raised the price target based on its fiscal 2026 estimates and solid performance at the end of 2024.

In the fiscal first quarter of 2024, Ubiquiti Inc. (NYSE:UI) generated revenue worth $550.3 million, up from $463.1 million in the fiscal fourth quarter of 2024. Of this, its enterprise technology segment logged $470.2 million in revenue, emphasizing its position in the segment.