Good news for the U.S. economy is back to being bad for Wall Street as the S&P 500, Dow Jones industrial average and Nasdaq all post losses.

The stock is up 25% over the last 12 months, but it still trades around the same price-to-sales multiple of 13. For the stock to climb by 35% to Wall Street's consensus 12-month price target, the company will need to either beat the consensus revenue estimates in 2025, or its P/S multiple will have to increase.

Investors appeared to have entered the new year with cautious footing, with uncertainties around future Fed rate cuts and policies under the upcoming Trump administration. Thursday marked the first day for the market in 2025 and ended with the benchmark index in red.