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(Updates story with year-end closing prices and consensus price targets.)
The COVID-19 economy has been brutal for millions of people who have been directly affected, through illness and loss of family members and friends, but also though lost jobs, destroyed businesses and disrupted careers. The stock market has been a different story: Unprecedented stimulus efforts of the federal government and Federal Reserve have sent it soaring.
Some of the best-known stock-market winners of 2020 are companies with innovative technology and services that businesses and consumers have relied on for remote access. Yet many aren’t yet included in the S&P 500 Index SPX, +0.64%, the part of the market tracked by most of the money invested in low-cost index funds, including the SPDR S&P 500 ETF SPY, +0.51%. Others, while part of the Nasdaq Composite Index COMP, +0.14%, aren’t yet included in the Nasdaq-100 Index NDX, +0.33%, which is tracked by the Invesco QQQ Trust ETF QQQ, +0.25%
SPY rose 16% in 2020, while QQQ surged an incredible 48%.
This list doesn’t include Tesla Inc. TSLA, +1.57%, which was added to the S&P 500 on Dec. 21; the electric car maker’s shares had soared 731% by then.
Click here for more about Tesla and lists of the best-performing stocks of 2020 from among the S&P 500, Dow Jones Industrial Average DJIA, +0.65% and Nasdaq-100 Index NDX, +0.33%.
Here are 15 stocks that soared during 2020 but aren’t included in the broad S&P indexes or the Nasdaq-100:
| Company | Ticker | Industry | Price change – 2020 | Market capitalization ($ millions) |
| Cloudflare Inc. Class A | NET, -1.99% | Information Technology Services | 345% | $18,135 |
| Zscaler Inc. | ZS, -0.79% | Software | 329% | $27,014 |
| CrowdStrike Holdings Inc. Class A | CRWD, +0.73% | Software | 325% | $39,593 |
| Pinterest Inc. Class A | PINS, -1.85% | Internet Software/Services | 254% | $34,299 |
| Square Inc. Class A | SQ, -1.54% | Information Technology Services | 248% | $84,836 |
| Twilio Inc. Class A | TWLO, -3.16% | Software | 244% | $49,030 |
| Trade Desk Inc. Class A | TTD, -2.08% | Advertising/Marketing Services | 208% | $34,314 |
| Zillow Group Inc. Class C | Z, -0.50% | Information Technology Services | 183% | $21,640 |
| Carvana Co. Class A | CVNA, -4.31% | Specialty Stores | 160% | $17,669 |
| Wayfair Inc. Class A | W, -2.11% | Internet Retail | 150% | $16,795 |
| Roku Inc. Class A | ROKU, -1.98% | Electronics/Appliances | 148% | $36,918 |
| Teladoc Health Inc. | TDOC, -1.77% | Hospital/Nursing Management | 139% | $29,510 |
| RingCentral Inc. Class A | RNG, -2.33% | Software | 125% | $30,782 |
| Spotify Technology SA | SPOT, -1.47% | Internet Software/Services | 110% | $59,731 |
| Veeva Systems Inc. Class A | VEEV, -1.38% | Software | 94% | $37,647 |
| Source: FactSet | ||||
Scroll the table to see all the data.
You can click on the tickers for more about each company, including profiles, news coverage, price ratios and charts.
Here’s a summary of Wall Street analysts’ opinions about these stocks after such remarkable gains:
| Company | Ticker | Share ‘buy’ ratings | Share neutral ratings | Share ‘sell’ ratings | Closing price – Dec. 31 | Consensus price target | Implied 12-month upside potential |
| Cloudflare Inc. Class A | NET, -1.99% | 81% | 19% | 0% | $75.99 | $72.60 | -4% |
| Zscaler Inc. | ZS, -0.79% | 52% | 44% | 4% | $199.71 | $187.55 | -6% |
| CrowdStrike Holdings Inc. Class A | CRWD, +0.73% | 75% | 20% | 5% | $211.82 | $189.84 | -10% |
| Pinterest Inc. Class A | PINS, -1.85% | 64% | 32% | 4% | $65.90 | $69.46 | 5% |
| Square Inc. Class A | SQ, -1.54% | 57% | 34% | 9% | $217.64 | $217.66 | 0% |
| Twilio Inc. Class A | TWLO, -3.16% | 78% | 15% | 7% | $338.50 | $366.70 | 8% |
| Trade Desk Inc. Class A | TTD, -2.08% | 42% | 53% | 5% | $801.00 | $751.44 | -6% |
| Zillow Group Inc. Class C | Z, -0.50% | 48% | 39% | 13% | $129.80 | $130.20 | 0% |
| Carvana Co. Class A | CVNA, -4.31% | 62% | 38% | 0% | $239.54 | $241.95 | 1% |
| Wayfair Inc. Class A | W, -2.11% | 45% | 39% | 16% | $225.81 | $304.08 | 35% |
| Roku Inc. Class A | ROKU, -1.98% | 59% | 33% | 8% | $332.02 | $275.67 | -17% |
| Teladoc Health Inc. | TDOC, -1.77% | 60% | 40% | 0% | $199.96 | $242.78 | 21% |
| RingCentral Inc. Class A | RNG, -2.33% | 96% | 0% | 4% | $378.97 | $364.13 | -4% |
| Spotify Technology SA | SPOT, -1.47% | 47% | 33% | 20% | $314.66 | $288.57 | -8% |
| Veeva Systems Inc. Class A | VEEV, -1.38% | 65% | 26% | 9% | $272.25 | $308.43 | 13% |
Analysts have majority “buy” or equivalent ratings on 11 of these 15 stocks; however, most of the stock have gotten ahead of the consensus price targets. These price targets are usually for 12 months, so it is clear the analysts are confident for many as longer-term plays, despite valuations that appear lofty for the short term.
Don’t miss:20 of analysts’ favorite large-cap stocks for 2021, including GM, Facebook and Salesforce
