In this article, we will look at the 10 All-Time High Stocks with Legs to Rally Further.
Stocks trading at record highs can make investors nervous, since buying after a strong run risks arriving late. Yet a new peak does not necessarily mean the rally is exhausted. The more interesting names are those whose momentum remains supported by earnings, company-specific catalysts, and favorable investor sentiment.
ClearBridge Investments says that “investing at new highs has historically outperformed,” while pointing to “robust earnings” as support for the market’s advance. J.P. Morgan Asset Management similarly notes that “stocks may still rise after hitting record highs” and that “strength tends to beget more market strength.” Fidelity explains the momentum behind this pattern, saying stocks that “have outperformed in the medium term often continue to perform well.” In summary, a record high can reflect a market that is still adjusting to an improving outlook, although momentum can reverse when fundamentals disappoint. Against this backdrop, all-time high stocks still deserve a closer look.
With that in mind, let us now examine the 10 All-Time High Stocks with Legs to Rally Further.
Our Methodology
We used the Finviz screener to identify stocks that are near all-time highs and still offer notable upside from analysts’ price targets. We then limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also popular among analysts and elite hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Insider Monkey’s quarterly newsletter strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).
10. JPMorgan Chase & Co. (NYSE:JPM)
On June 18, 2026, JPMorgan Chase & Co. blocked its Hong Kong employees from accessing Anthropic’s AI models, The Financial Times’ Owen Walker and Arjun Neil Alim reported. Three people familiar with the matter said employees could no longer select Claude from a drop-down list of approved large language models.
On June 16, 2026, JPMorgan Chase & Co. was reportedly planning to expand its digital bank to at least five European countries by 2030, according to The Financial Times’ Ortenca Aliaj. The expansion would add at least three countries to its existing operations in the U.K. and Germany. The company has yet to decide which market to enter next, although France, Spain, and Italy are among the possibilities.
On June 15, Chase announced new earning categories, travel credits, and protections for its Sapphire Preferred card. The company said cardmembers can “earn more than ever,” with accelerated points on travel and everyday purchases alongside new and expanded travel benefits.
Last month, JPMorgan CEO Jamie Dimon said the bank could spend up to $20B on an acquisition over the next couple of years, CNBC’s Hugh Son reported. However, Dimon described M&A as nearly a last resort and warned that executives who rely on dealmaking are often compensating for weak organic growth. He added that any target would need to integrate cleanly, fit JPMorgan’s culture, and strengthen its core businesses.
JPMorgan Chase & Co. provides banking and financial services across the United States and international markets.
9. Lam Research Corporation (NASDAQ:LRCX)
On June 22, 2026, Wells Fargo analyst Joe Quatrochi raised the firm’s price target on Lam Research Corporation (NASDAQ:LRCX) to $450 from $365 and maintained an Overweight rating. Wells Fargo expects semiconductor capital equipment companies to continue reporting positive Q2 results.
On June 17, Citi raised its price target on Lam Research Corporation to $450 from $315 and maintained a Buy rating. The firm updated its semiconductor equipment targets to reflect a revised wafer fab equipment bull case and a shift to 2028 earnings estimates. Citi is bullish on NAND equipment demand and said the “widening gap” between required DRAM and available supply should support the adoption of complementary solutions.
On June 15, Oppenheimer raised its price target on Lam Research Corporation to $400 from $330 and maintained an Outperform rating. Following a meeting with Lam executive Ram Ganesh, the firm said the AI-driven wafer fab equipment upside is not yet fully reflected in estimates. Oppenheimer believes there is still room for demand upside in 2026 despite clean-room constraints and “pretty full” delivery slots. Oppenheimer added that the outlook for 2027 appeared stronger, potentially supporting wafer fab equipment market growth of more than 30% toward $200B as customers become better positioned to accept deliveries.
Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in integrated circuit fabrication worldwide.
8. Arm Holdings plc (NASDAQ:ARM)
On June 17, 2026, Bernstein analyst David Dai raised the firm’s price target on Arm Holdings plc (NASDAQ:ARM) to $500 from $300 and maintained an Outperform rating. Dai described Arm as a structural beneficiary of the “renaissance of CPUs for agentic AI,” citing the architecture’s power efficiency for agentic AI workloads. Bernstein also pointed to Arm’s shift from an IP provider to a CPU maker. Arm is targeting $15B in revenue by 2030, while Bernstein forecasts $22B after revising its 2030 CPU TAM estimate to $223B.
On June 4, Mizuho raised its price target on Arm to $500 from $425 and maintained an Outperform rating. Mizuho cited accelerating agentic AI tailwinds as Arm’s platform expands with Oracle and ByteDance and estimated that the company could generate $15B in agentic AI infrastructure CPU revenue by fiscal 2031. Mizuho also raised its estimates.
Earlier in June, Reuters’ Max Cherney reported that CEO Rene Haas said the U.S. would have difficulty blocking CPU exports to China because of their widespread use and the challenge of targeting only AI CPUs. Haas said CPUs are “kind of like oil relative to the application space,” referring to their broad use across applications.
Arm Holdings plc (NASDAQ:ARM) researches, develops, licenses, and markets CPU, graphics processing unit, systems, and compute subsystem IP, along with associated software, tools, and services.
7. KLA Corporation (NASDAQ:KLAC)
On June 22, 2026, Wells Fargo raised its price target on KLA Corporation (NASDAQ:KLAC) to $305 from $210 previously and maintained an Overweight rating on the shares. Wells Fargo expects continued positive semi-cap results in Q2.
On June 17, Citi raised its price target on KLA Corporation to $290 from $206.40 previously and maintained a Buy rating on the shares. Citi raised targets across the semiconductor equipment group based on its wafer fab equipment “bull case” and updated 2028 earnings estimates. Citi also said the “widening gap” between needed DRAM and available supply will drive the adoption of complementary solutions.
KLA Corporation designs, manufactures, and markets process control, process-enabling, and yield management solutions for the semiconductor and related electronics industries worldwide.
6. Applied Materials, Inc. (NASDAQ:AMAT)
On June 22, 2026, Wells Fargo raised its price target on Applied Materials, Inc. (NASDAQ:AMAT) to $715 from $520 and maintained an Overweight rating. Wells Fargo expects continued positive semiconductor capital equipment results in Q2.
On June 17, Citi analyst Atif Malik raised the firm’s price target on Applied Materials to $710 from $550 and maintained a Buy rating. Citi updated targets across the semiconductor equipment group based on its wafer fab equipment “bull case” and 2028 earnings estimates. Malik also cited a “widening gap” between needed DRAM and available supply as a driver of complementary solutions.
On June 15, Applied Materials introduced new deposition and etch systems for precision processing in deep and narrow 3D structures. Prabu Raja, president of the semiconductor products group, said the “biggest opportunities are increasingly found in materials engineering,” as chipmakers seek to extend scaling in logic and memory.
Applied Materials, Inc. provides materials engineering solutions, equipment, services, and software to the semiconductor and related industries.
5. Bank of Montreal (NYSE:BMO)
On June 16, 2026, Scotiabank analyst Mike Rizvanovic raised the firm’s price target on Bank of Montreal (NYSE:BMO) to C$239 from C$234 and maintained an Outperform rating.
Earlier in June, Mike Rizvanovic also upgraded Bank of Montreal to Outperform from Sector Perform and raised the price target to C$234 from C$209 following the fiscal Q2 report. Rizvanovic cited “strong potential lending volume upside” in the U.S., where the bank has completed its optimization and is expanding within its targeted California footprint. Scotiabank also sees “clear momentum” in BMO’s return on equity trajectory.
Last month, BMO renewed its strategic partnership with the Vector Institute for Artificial Intelligence for another five years. The collaboration will continue to provide access to AI research, specialized talent, and applied programs supporting BMO’s strategy.
Bank of Montreal provides diversified financial services primarily in North America through Canadian Personal and Commercial Banking, U.S. Banking, Wealth Management, and Capital Markets.
4. The Toronto-Dominion Bank (NYSE:TD)
On June 16, 2026, Scotiabank raised its price target on The Toronto-Dominion Bank (NYSE:TD) to C$169 from C$165 and maintained an Outperform rating.
Earlier in June, RBC Capital raised its price target on The Toronto-Dominion Bank to C$156 from C$138 and maintained an Outperform rating.
Last month, The Toronto-Dominion Bank reported Q2 adjusted EPS of C$2.38, compared with C$1.97 last year, and adjusted revenue of C$16.04B, compared with C$15.14B last year. Group President and CEO Raymond Chun called it “another strong quarter,” citing record Q2 earnings in Canadian Personal and Commercial Banking, all-time high earnings in Wealth Management and Insurance and Wholesale Banking, and accelerating momentum in U.S. Banking. Chun also noted a fourth consecutive quarter of positive adjusted operating leverage and continued progress on AML remediation and enhancements.
The Toronto-Dominion Bank provides financial products and services in Canada, the United States, and internationally.
3. Marriott International, Inc. (NASDAQ:MAR)
On June 16, 2026, The Wall Street Journal reported that dozens of hotel owners pressured Marriott International, Inc. (NASDAQ:MAR) to share more revenue from its Bonvoy loyalty program. The program is expected to generate nearly $1B in fee revenue this year. A March letter from 51 owners representing nearly 1,000 Marriott-branded hotels sought additional financial information and changes to the program’s reimbursement structure. Marriott’s intellectual-property royalty fees from credit-card partnerships reached $716M in 2025, up from $410M in 2019.
On June 10, Marriott entered into a joint venture with the Leali family, founders of Lefay, adding the luxury wellness hospitality brand to Marriott’s portfolio. The joint venture owns the Lefay brand and intellectual property assets, while the founders retain ownership of the Italian real estate assets. Lefay currently has properties in Lago di Garda and the Dolomites, with resorts under development in Tuscany, Southern Italy, and the Swiss Alps. Its properties will join Marriott’s digital platforms and Bonvoy program, with integration expected in late 2026.
Last month, Bernstein raised its price target on Marriott to $402 from $400 and maintained an Outperform rating. Bernstein said Q1 developments in Global Hotels & Leisure were shaped more by the U.S. economy than the Middle East. Given the K shape of the U.S. economy and the outlook for 2026 and 2027, Bernstein remains most positive on Hyatt (H) and Marriott (MAR).
Marriott International, Inc. operates, franchises, and licenses hotel, residential, timeshare, and other lodging properties internationally.
2. CSX Corporation (NASDAQ:CSX)
On June 17, 2026, BofA analyst Ken Hoexter raised the firm’s price target on CSX Corporation (NASDAQ:CSX) to $53 from $51 and maintained a Buy rating. Hoexter raised Q2, 2026, and 2027 EPS estimates by 3%, 2%, and 2%, respectively, following the company’s Q2-to-date update. Q2-to-date carloads increased 6.0% year-over-year, above BofA’s previous growth estimate of 2.7%.
Earlier in June, Susquehanna raised its price target on CSX to $50 from $44 and maintained a Neutral rating. Susquehanna described ISM readings as “encouraging” after five consecutive months of expansion and said rail volumes appeared to be running ahead of expectations, with no sign that higher fuel was weighing on industrial demand. Susquehanna also raised price targets across the rail sector. Last month, BofA raised its price target on CSX to $51 from $49 and maintained a Buy rating after the board authorized a $5B share buyback, matching the largest in company history and representing about 6.0% of outstanding shares. BofA made no changes to its 2026, 2027, and 2028 EPS estimates because its forecasts already included buyback assumptions, but said the authorization added upside potential.
CSX Corporation provides rail-based freight transportation services in the United States and Canada.
1. ASML Holding N.V. (NASDAQ:ASML)
On June 22, 2026, BofA raised its price target on ASML Holding N.V. (NASDAQ:ASML) to $2,345 from $2,268 and maintained a Buy rating. The firm increased its calendar 2027 and 2028 EPS estimates by 1% and 5%, respectively, reflecting higher EUV unit forecasts. BofA expects ASML’s order book for calendar 2027 to be full when the company reports Q2 results on July 15, which “might pivot the narrative” toward its 2028 earnings potential.
On the same day, Wells Fargo analyst Joe Quatrochi raised the firm’s price target on ASML Holding N.V. to $2,200 from $1,750 and maintained an Overweight rating. Wells Fargo expects semiconductor capital equipment companies to continue reporting positive Q2 results.
Earlier in the month, JPMorgan raised its price target on ASML Holding N.V. to $2,200 from $1,813 and maintained an Overweight rating. The firm said the company’s messaging “is a lot more positive,” pointing to strong customer orders. JPMorgan added that ASML’s previously guided capacity of 90 extreme ultraviolet tools is not a ceiling, as the company can increase volumes without constructing new clean rooms.
ASML Holding N.V. develops, produces, sells, upgrades, and services advanced semiconductor lithography systems.
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