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Stock with Upside Potential to Consider for Investment in 2021

Summary:
BT Group (LON: BT.A), a British Telecom Company has been said to have 47.2% upside potential, and ABN Amro Bank NV (AMS: ABN), a Dutch bank has been said to have an upside potential of 50.6%.2020 will soon end and the uncertainties surrounding the general performance of the stock market for the coming year are building high. Investors are running out of patients to identify the next stock with upside potential.To summarize what a lot of the equity analysts are saying, 2021 will be an extension of the recovery that has started after the global pandemic crippled the world economy. The new US president will likely come up with new policies, with low interest set to spread out in Europe to help individuals and companies recover. Moderna Inc (NASDAQ: MRNA) and Pfizer Inc (NYSE: PFE) have

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BT Group (LON: BT.A), a British Telecom Company has been said to have 47.2% upside potential, and ABN Amro Bank NV (AMS: ABN), a Dutch bank has been said to have an upside potential of 50.6%.

2020 will soon end and the uncertainties surrounding the general performance of the stock market for the coming year are building high. Investors are running out of patients to identify the next stock with upside potential.

To summarize what a lot of the equity analysts are saying, 2021 will be an extension of the recovery that has started after the global pandemic crippled the world economy. The new US president will likely come up with new policies, with low interest set to spread out in Europe to help individuals and companies recover. Moderna Inc (NASDAQ: MRNA) and Pfizer Inc (NYSE: PFE) have already assured a 90% plus efficacy of their vaccines which means things will be better in the coming year as well as economic activities. Beyond a doubt, the global economy is more likely to get back on its feet and leave a positive mark on most of the stock prices.

Barclays have assessed the performance of the stock market. According to them, the European equities will stage a bull run to record new all-time highs following a predicted Gross Domestic Product (GDP) growth of 5.4% in 2021. Stoxx 600 (INDEXSTOXX: SXXP) has been predicted to have a potential upside of 13%. BT Group (LON: BT.A), a British Telecom Company has been said to have 47.2% upside potential, and ABN Amro Bank NV (AMS: ABN), a Dutch bank has been said to have an upside potential of 50.6%. Oil major BP Plc  (NYSE: BP) will be the biggest winner with 63.7% upside potential.

Stocks with Upside Potential

Nvidia Corporation (NASDAQ: NVDA) suffered a lot from the global pandemic seeing its stock recording declines for four successive quarters. However, it took a swift rebound to record a 57% growth in revenue as well as a 66% adjusted earnings this week. Having surged by 122% on Friday, the semiconductor pioneer is set to record a massive run in the reflection of Its stake in the data center and the gaming industry. NVIDIA is a stock with upside potential in 2021.

Pinterest Inc (NYSE: PINS) one of the leading social media platforms has been predicted to record revenue growth of 40.5% in 2021 and a 60% revenue growth in the current quarter. Its EPS is expected to record a 152.3% per annum in the next five years according to analysts, it stands a great chance of surging 106% in 2021. It is rated as a Strong Buy and “A” as a trade grade according to a report.

Peloton Interactive Inc (NASDAQ: PTON) a world-renowned supplier of interactive fitness products internationally has been tipped to do well following its recent collaboration with Chase Sapphire, a credit card company. It has increased its product portfolio in some selected countries, and it is expected to do well in the coming year. Its revenue is expected to surge by 32.2% in 2021 and 115.2% in the current year. Its EPS has been predicted to grow by 92.1% next year.

Adobe Inc (NASDAQ: ADBE) is another stock with upside potential. The computer software company announced its definitive agreement to obtain Workfront for $1.50 billion. The acquisition of the leading work management platform will ensure that Adobe gets a wider customer base coupled with efficiency and improved productivity. Its effort is expected to increase its revenue by 15.4% next year. Interestingly, it is expected that Its EPS will record a growth rate of 17.4% per annum in the next five years.

The likes of DraftKings (NASDAQ: DKNG) and JD.com (NASDAQ: JD) are also a strong buy as the former has been said to have expected revenue of $540 million to $560 million this year. DraftKings which is the leading wager of fantasy sports has been predicted to have its revenue increased to 45% next year. The coming year is a very promising one as the face of the gaming industry would likely be restored with live fans expected to go back to the stadiums.

JD.com which has more than doubled in 2020 is expected to continue its run in 2021. The above-mentioned stocks will guide investors to find the next stock with upside potential.

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John K. Kumi

Excellent John K. Kumi is a cryptocurrency and fintech enthusiast, operations manager of a fintech platform, writer, researcher, and a huge fan of creative writing. With an Economics background, he finds much interest in the invisible factors that causes price change in anything measured with valuation. He has been in the crypto/blockchain space in the last five (5) years. He mostly watches football highlights and movies in his free time.

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