A healthy jump in this company's earnings could send its stock higher, which is why it looks worth buying considering its cheap valuation. Following a solid couple of years in 2023 and 2024, it wouldn't be surprising to see the Nasdaq Composite index fly higher in the new year.

Wedbush analyst Dan Ives remains bullish and expects Tesla's market cap to hit $2 trillion in 2025, saying the coming four years will be a "total game changer" for Tesla. He expects the Trump administration to fast-track full self-driving (FSD), paving the way for the company's robotaxi agenda.

The S&P 500 and the Nasdaq Composite rose on Monday to more than one-week highs, boosted by a rally in semiconductor stocks and a report that suggested the incoming Trump administration could adopt a less aggressive tariff stance than expected.

In other words, history says the Nasdaq could advance 16% in 2025, but most Wall Street analysts see even more upside in Nvidia ( NVDA -3.00%) and Lam Research ( LRCX -3.10%), two companies that reset their soaring share prices by completing 10-for-1 stock splits in 2024.