Three Standout IPO Stocks Defy Market Trends in 2025
Amid the notable downturn of the general market in 2025, a few new stocks have proven resilient and managed to outperform. As of the April 11 close, the S&P 500 Index has recorded a total return decline of nearly 9%. However, three stocks that debuted in their initial public offerings (IPOs) in 2024 or 2025 have achieved returns varying from a decline of 2% to an increase of 25% this year, surpassing the S&P’s performance: Tempus AI (NASDAQ: TEM), ServiceTitan (NASDAQ: TTAN), and CoreWeave, Inc. Class A Common Stock (NASDAQ: CRWV). Here’s an analysis of their performances.
Tempus AI: Strong Returns in a Challenging Market
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Tempus AI, a healthcare technology company focused on artificial intelligence, has reported a solid return of just under 25% in 2025.
The company launched its AI-enabled health concierge app, Olivia, in January. This innovation has the potential to significantly boost its business, potentially leading to an increase in customers purchasing their genomic sequencing services. Tempus AI capitalizes on this genomic data, providing it to drug development firms and multiplying initial revenues over time.
In 2025, Tempus AI has also completed several acquisitions aimed at enhancing its data access and complementary capabilities.
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Despite these positive developments, Tempus AI has experienced volatility. Shares soared as much as 164% by mid-February but faced a significant pullback. A sharp 15% drop occurred following their most recent earnings report, where the company missed estimates for both sales and adjusted earnings per share (EPS).
Nevertheless, Tempus AI continues to grow rapidly, reporting nearly 36% sales growth in Q4 2024. The company aims to achieve positive full-year adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) for the first time in 2025.
Currently, analysts have assigned TEM Stock a Moderate Buy rating with a consensus price target of $61.18, offering nearly 43% upside from current trading levels.
ServiceTitan: Innovating the Trades and Achieving Growth
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ServiceTitan made headlines with its IPO in mid-December 2024. The company seeks to modernize traditional trades through software and technology, entering sectors that have historically lagged in digital transformation.
So far in 2025, the Stock is down just 2%, exceeding the performance of the S&P. The company’s Q4 2024 financials were strong, beating revenue estimates by more than $9 million and adjusted net income estimates by nearly $7 million. Additionally, ServiceTitan’s 2025 sales guidance exceeded expectations.
With revenues growing over 25% year-over-year, the company has also made substantial strides in boosting its profitability. Its adjusted operating margin has improved from a down 32% to up 3% in less than three years.
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ServiceTitan believes it has ample opportunity to continue expanding its business. Currently, it identifies a serviceable addressable market of $13 billion, which is about 17 times its revenue over the past year.
As the company enhances its product offerings and ventures into new markets, it estimates its total addressable market could exceed $30 billion.
TTAN Stock holds a Moderate Buy rating from analysts, with a projected upside of 12%.
CoreWeave: A Rising Star Backed by Tech Giants
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CoreWeave debuted on March 28, 2025, capturing significant attention largely due to NVIDIA (NASDAQ: NVDA) holding approximately 5% of its shares. Investors are often eager to back companies that receive investments from NVIDIA, a major player in the tech sector. Additionally, OpenAI has invested $350 million in CoreWeave and secured a deal valued at nearly $12 billion.
The company specializes in renting access to NVIDIA’s extensive supply of over 250,000 graphics processing units (GPUs) via the cloud, which customers utilize to run and train AI models.
To date in 2025, CoreWeave shares are up over 9%. Given the recent nature of its IPO, analyst coverage is limited. However, D.A. Davidson currently rates the Stock as a Hold, with a price target of $47.00, indicating a potential upside of 4.37% from current levels.
All performance data is as of the April 11 close unless otherwise noted.
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