Investment banks projecting the "SMMT stock forecast 2025" see fair value estimates clustering between $34 and $38, assuming stable cost structures and steady sector demand. Asked why consumer adoption of EVs appeared to be flattering, Thomas Ingenlath, chief executive of the company dubbed “Europe’s Tesla”, said: “To tell you the truth, I think that [it is about] being open for innovation and the future technology. UBS expects that the US economic backdrop remains supportive, the broader market is less at risk from tariffs compared to other international markets, and structural trends around AI and power & resources boost the outlook. It believes technology, utilities, financials, and healthcare sectors are attractive in the US. The AI infrastructure spending is strong, and the firm expects that key semiconductor components required for AI will remain supply-constrained in 2025, supporting pricing. Furthermore, the tech sector is expected to benefit from an improvement in PC and smartphone end markets. Sustained expansion signals potential quarterly revenue beats through