We recently compiled a list of the Why These 10 Large-Cap Stocks are Skyrocketing. In this article, we are going to take a look at where Ubiquiti Inc. (NYSE:UI) stands against the other large-cap stocks.
On January 23, Mike Bailey, FBB Capital Partners director of research, appeared on CNBC where he shared his outlook on the large caps. Bailey was happy with how the macroeconomic conditions were looking for the United States, especially with the job growth, in 2025 and beyond.
He particularly remained confident that large caps were better positioned to report earnings growth than the small caps, especially when looking for long-term growth and expectations of exceeding goals.
Ten companies in diverse sectors such as the financials, healthcare, technology, and energy industries, locked in overall positive market gains due to supportive market conditions, macroeconomic environment, and growth potential. That said, let’s take a look at the 10 large-cap stocks that happen to be skyrocketing.
To come up with the 10 names, we only considered stocks with a market capitalization of more than $10 billion. We then shortlisted the stocks based on their performance in the past quarter and picked the top 10 with the highest 30-day return from December 22, 2024, to January 22, 2025.
An overhead view of a modern networking technology suite in a data center.
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.
Overall UI ranks 6th on our list of the large-cap stocks that are skyrocketing. While we acknowledge the potential of UI as an investment, 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 UI but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.