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Our Methodology
To list the 10 Top Performing European Stocks Heading into 2025, we used a screener and sifted through online rankings to extract the European stocks. After getting the initial list of 20-25 stocks, we filtered out the list by selecting the ones that have increased significantly on a YTD basis and which have higher upside potential, as of November 10. Finally, the stocks were ranked in ascending order of their average upside potential.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
10 Top Performing European Stocks Heading into 202510) Opera Limited (NASDAQ:OPRA)
% Increase on a YTD Basis: ~41.9%
Average Upside Potential: ~27.4%
Opera Limited (NASDAQ:OPRA) offers mobile and PC web browsers and related products and services in Norway and internationally. The company is headquartered in Oslo, Norway.
Wall Street analysts are optimistic about Opera Limited (NASDAQ:OPRA)’s e-commerce segment and GX platform. The company’s strategic focus on monetization improvements and its emphasis on high-value markets and GX users should contribute to sustained topline and bottom-line growth in the near to medium term. Furthermore, its focus on AI is another advantage that should enhance user experience and engagement.
Opera Limited (NASDAQ:OPRA) made its integrated AI, Aria, which remains accessible to all users without the need for logging in. It forms part of the company’s broader strategy to enhance its browser AI capabilities. The company’s ongoing focus on innovation and aggressive approach to capturing market share should fuel its performance. Opera Limited (NASDAQ:OPRA) remains optimistic about Q4 2024, particularly about e-commerce growth during the holiday season.
During Q3 2024, the strong monetization performance of its browsers and growth of its Opera Ads platform, together with Opera Limited (NASDAQ:OPRA)’s ability to deliver targeted, high purchase intent traffic to its advertising partners, led to the advertising revenue growth of 26% YoY to $76.8 million.
The company’s search revenue saw an increase of 13% YoY as a result of the focus on users with the potential for the greatest monetization. For FY 2024, Opera Limited (NASDAQ:OPRA) expects revenue in the range of $470 million – $473 million and adjusted EBITDA of between $112 million – $114 million. TD Cowen increased the target price on the shares of the company from $25.00 to $28.00, giving a “Buy” rating on 30th October.
9) Codere Online Luxembourg, S.A. (NASDAQ:CDRO)
% Increase on a YTD Basis: ~145.9%
Average Upside Potential: ~34.4%
Codere Online Luxembourg, S.A. (NASDAQ:CDRO) continues to operate as an online casino gaming and sports betting company. The company is based in Luxembourg, Luxembourg.
Codere Online Luxembourg, S.A. (NASDAQ:CDRO)’s management is optimistic about the latter half of the year as a result of the investments in Mexico. Also, Argentina has been identified as a potential market for expansion because of its existing operations and synergies. Market experts believe that Codere Online Luxembourg, S.A. (NASDAQ:CDRO) has a strategic focus on the core markets of Mexico and Spain.
Codere Online Luxembourg, S.A. (NASDAQ:CDRO)’s recent expansion into the Province of Mendoza should further support growth momentum. Through this expansion, the company will be able to enhance its competitive position in the Latin American online gaming market.
Codere Online Luxembourg, S.A. (NASDAQ:CDRO) highlighted that improvement of payment integrations remains a key focus for enhancing customer experience and retention. The company is expected to capitalize on its strengths in the casino segment. Wall Street expects that Codere Online Luxembourg, S.A. (NASDAQ:CDRO)’s business in Mexico is expected to be aided by innovative partnership.
The company announced its groundbreaking collaboration with Blip, which is an AI-first conversational platform. The focus is to introduce an unparalleled gaming experience to Mexican customers. With the help of this collaboration, Codere Online Luxembourg, S.A. (NASDAQ:CDRO) expects to offer superior experiences for its customers in Mexico while, at the same time, improving the ability to deploy highly targeted promotional campaigns. The company’s marketing investments are expected to be focused on improving customer engagement and customer acquisitions, which should further aid Codere Online Luxembourg, S.A. (NASDAQ:CDRO)’s net gaming revenue over the upcoming quarters.
8) Bicycle Therapeutics plc (NASDAQ:BCYC)
% increase on a YTD Basis: ~35%
Average Upside Potential: ~40.2%
Headquartered in Cambridge, the United Kingdom, Bicycle Therapeutics plc (NASDAQ:BCYC) is a clinical-stage biopharmaceutical company, that is engaged in developing a class of medicines for diseases that are underserved by existing therapeutics in the US and UK.
Bicycle Therapeutics pic (NASDAQ:BCYC)’s proprietary Bicycle platform technology, which develops novel peptide-based therapeutics, has placed the company as a potential disruptor in the oncology space and beyond. The company focuses on developing a class of medicines called Bicycles, which are chemically synthesized peptides constrained to form two loops. These structures demonstrate high stability and affinity for targets, translating into therapies having favorable efficacy and safety profiles.
Bicycle Therapeutics pic (NASDAQ:BCYC)’s lead candidate, zelenectide pevedotin (formerly BT8009), has been positioned as a potential alternative to existing treatments like Padcev, with a focus on improved safety and efficacy profiles. While the company mainly remains focused on oncology applications, the versatility of its proprietary Bicycle platform demonstrates numerous opportunities for expansion into other therapeutic areas. The platform’s ability to develop highly specific and stable peptide-based therapeutics can be applied to various targets and diseases.
Notably, the potential areas for expansion can consist of autoimmune disorders, rare diseases, or even certain neurological conditions where targeted therapies are required. The “plug-and-play” capability of the Bicycle platform results in rapid adaptation to new targets and disease areas. Wall Street analysts opine that Bicycle Therapeutics plc (NASDAQ:BCYC)’s expansion beyond oncology will diversify its pipeline and risk profile and can significantly increase its addressable market and long-term growth potential.
Analysts at Royal Bank of Canada initiated coverage on the shares of Bicycle Therapeutics plc (NASDAQ:BCYC) on 5th September. They gave an “Outperform” rating with a price target of $35.00.
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Publish date : 2024-11-12 04:48:00
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