Freedom Broker has completely updated its list of the most promising U.S. stocks for the fourth quarter. In 12 key sectors, not a single company from the previous, third-quarter review has been retained, according to a copy of the report seen by Oninvest.

In the third quarter the sectoral focus was software, cars, oil, and retail. For the fourth quarter, it shifts to AI and semiconductors, auto components, gas, and consumer goods.

Freedom Broker's fresh picks

  • NVIDIA (technology): The company is the main beneficiary of the global AI trend. Its solutions are used in data centers, robotics, autonomous systems, and generative AI. A strong order book confirms demand from major customers and governments. The target price is $210 per share, 12% above the September 30 close.

  • T-Mobile (communications): The operator maintains leadership in 5G and is showing steady growth in service revenue. In 2025, it plans to launch satellite communications and internet based on Starlink technology, opening a new business segment. Quotes are supported by a buyback program and dividends. Freedom Broker values the shares at $270 apiece, implying 12.7% upside.

  • Illumina (health care): Following management changes and the sale of underperforming assets, the company has returned to growth. Its latest report was strong and guidance for 2025 was raised. Current valuations are near 20-year lows, creating potential for a rerating if double-digit earnings growth is restored. The target price is $125 per share, 31.6% above current levels.

  • Dave (financials): The fintech targets consumers outside of traditional banking. New products, including Dave Credit and ExtraCash, are boosting customer engagement and lifetime value. The platform allows for low costs and high margins. The target price is $280 per share, implying 42.1% upside.

  • Adient (automotive): The car seat manufacturer is completing a restructuring and expanding orders in the U.S. and Asia. Significant earnings growth is expected by the management in 2026 following a period of losses. The target price is $29.20 per share, 21.3% above current levels.

  • Sunrun (renewable energy): The largest player in the U.S. home solar market may benefit from a rush in demand through the end of 2025 ahead of the expiration of tax credits in 2026. The company has returned to profitability, and revenue is on track to grow more than 8% this year. Freedom Broker values the stock at $19 per share, 11.8% above the current price.

  • Equinix (real estate): The world’s largest data center operator benefits from stable rental income. High utilization, revenue growth, and improved second-quarter guidance underscore the business's fundamental strength. The target price is $940 per share, implying 20% upside.

  • TransDigm (industrials): The aircraft components producer is gaining from higher defense budgets and recovering air travel. A correction in quotes on dividends and EPS creates an entry point, Freedom Broker said. The target price is $1,470 per share, for upside of about 11.5%.

  • EQT (energy): The largest U.S. gas producer multiplied revenue and profit in the first half of 2025. Seasonal demand growth and lower debt improve rerating prospects. The target price is $56 per share, 3.4% above current levels.

  • Kimberly-Clark (consumer staples): The consumer goods producer combines stable demand with a dividend yield of about 5%. Deleveraging and business optimization are improving profitability. The target price is $140 per share, implying 12.6% upside.

  • Shake Shack (consumer discretionary): The fast-casual chain continues to expand, surpassing 600 restaurants with a target of 1,500. Revenue is growing at double-digit rates amid moderate margin risks. Freedom Broker thinks the stock has the potential to rise 49.6% to $140 per share.

  • Galiano Gold (materials): The Ghana-based miner is expanding capacity and modernizing production to support revenue and margins. Zero debt and strong free cash flow increase the attractiveness of the name. The target price is $3 per share, suggesting 35.7% upside.

  • PDD Holdings (e-commerce): The owner of Pinduoduo and Temu may gain from improving U.S.–China trade relations and new government measures to support demand. Cost optimization and international expansion support profitability. The target price is $155 per share, 17.6% above current levels.

U.S. market outlook

In its baseline scenario for this year, Freedom Broker assumes a “Goldilocks” economy with moderate growth and slowing inflation. Expected easing by the Fed should support consumer activity and cyclical industries without pushing inflation above comfortable levels.

Corporate earnings growth is forecast at 10.5% for 2025 and 12.5% for 2026. The main drivers are expected to be IT amid the ongoing boom in AI, as well as industrials and financials, alongside recovering demand in energy and commodities.

Freedom Broker projects the S&P 500 will reach 7,500 points by the end of 2026, meaning an extension of the trend of strong gains from the last few years. Analysts caution, however, that correction risks persist due to overheated valuations in some names and ongoing tariff disputes.

The AI translation of this story was reviewed by a human editor.

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