Is Cameco Corp. (CCJ) One of the Stocks That Should Double by 2030?

Cameco Corporation (NYSE:CCJ) is one of the stocks that should double by 2030. On January 7, Bernstein raised the price target on Cameco to $101 from $100 and kept an Outperform rating. The firm cited a higher uranium price deck for the price target change.

In Q3 2025, Cameco Corporation (NYSE:CCJ) reported increased momentum in the nuclear energy sector. The company highlighted a landmark agreement with the US government to purchase Westinghouse reactors, a move expected to establish Westinghouse as a global technology leader and stimulate the nuclear supply chain.

However, the company faced operational hurdles, including development delays at its MacArthur River and Key Lake sites, which led to a reduced production forecast for 2025. Cameco now expects its share of uranium production to reach up to 20 million pounds for the year. Additionally, overall sales volumes for uranium and fuel services were lower, even as average realized prices improved. Management also noted uncertainties regarding the timing of the US government’s $80 billion investment in Westinghouse and a cautious long-term contracting environment where some utilities remain hesitant due to perceived market oversupply.

Cameco Corporation (NYSE:CCJ) provides uranium for the generation of electricity. It has three segments: Uranium, Fuel Services, and Westinghouse.

While we acknowledge the potential of CCJ as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.