He argued Wall Street is dramatically underestimating how much Palantir Technologies ( PLTR -4.10%) will benefit from enterprise artificial intelligence spending. Ives believes Palantir could eventually achieve a market value of $1 trillion. The implies about 490% upside from its current market value of $170 billion.

Bearish analysts may have to raise their targets on top performers. And many other S&P 500 stocks are expected to do extremely well in 2025.

Tesla stock’s end-of-year rampage rolled on, with shares hitting another new high based on optimism for Tesla's "autonomous opportunity" and a Trump-controlled executive branch.