FX.co ★ Top-5 shares to show stellar rise next year

Virgin Galactic

In the middle of October, shares of the aerospace company founded by Richard Branson tumbled by over 20%. The decline was caused by the announcement that the company would postpone its first commercial flight until the end of 2022. Although there is a huge risk of force majeure in this field, most analysts think that shares of Virgin Galactic will gain in value in the next 12 months. Notably, the segment is fiercely competitive. Thus, experts at Refinitiv foresee a jump in the share price by more than 40% to $29, while now it is slightly above $19.

Hibbett

Hibbett, a chain of sporting goods stores in the US, has the smallest market cap among other companies on the list. Although its market capitalization hardly exceeds $1 billion, its shares have been showing the best performance amid constantly high financial results. Judging by the growth pace of its shares, the company has outrun such a giant as Amazon. From the beginning of the year to August 26, Hibbett’s shares added more than 117% to trade at $100.32. Analysts at Refinitiv predict a further rise of more than 47% to approximately $121.

Under Armour

At the beginning of May, shares of Under Armour, an American sport equipment company, surged to the highest level of $26.45. Since the beginning of the year, the share price added over 54%. Now, the price is slightly above $21. The drop was caused by the fact that factories in Vietnam suspended their operations for several months. Nevertheless, in the second quarter, the company’s revenue beat the forecast. That is why analysts suppose that shares of Under Armour have a chance to gain more than 30% compared to the current price.

Scotts Miracle-Gro

Scotts Miracle-Gro is the leading company among those providing gardening resources in the US and Europe. The coronavirus pandemic became a strong driver for its shares. In the spring of 2020, the company’s shares soared by over 232% to $254, while other companies suffered losses. The fact is that most Americans switched to gardening during the lockdown. By the moment, the share price lost 41% compared to the all-time high recorded in 2020. However, analysts foresee mounting demand for its products and a jump of almost 40% in its shares.

Alibaba

In the last 12 months, the market capitalization of the Chinese multinational technology company slid by more than $344 billion. Since the beginning of the year, Alibaba’s shares depreciated by more than 40%. The slump was provoked by the local authorities’ pressure on technology companies. Nevertheless, analysts are sure that stocks of the online retailer, which are still in high demand among investors, will increase in the upcoming year. The share price may jump by more than 36% to $243. Now, the company’ stocks are trading at $164.50.