In this article, we will look at the best stocks that recently issued new debt and currently offer attractive upside potential for investors. On March 27, CNBC shared insights into potential opportunities for Wall Street Banks to regain market share as private credit comes under pressure. The firm highlighted that the private credit space currently faces certain challenges related to liquidity and default, having undergone a fallout because of highly aggressive lending trends.
The firm highlighted that this situation creates a “long-awaited” opportunity for Wall Street banks to elevate their share in this market, which had been dominated by private credit players for over a decade. The firm also acknowledged a more favorable regulatory landscape for banks at present, which would serve the purpose well.
Mark Zandi, Chief Economist at Moody’s, also reflected on these structural challenges faced by private credit. He anticipates more issues to emerge for the sector in the coming months amid ongoing geopolitical conflicts, elevated financing costs, and certain industry-specific hurdles across consumer, software, and healthcare segments.
Speaking of opportunities for banks in this scenario, CNBC referred to comments made by Shannon Saccocia, CIO at Neuberger Berman, who stated:
“Our anticipation of deregulation from the Trump administration includes a likely weakening of the Basel III Endgame implementation, with the U.S. Treasury explicitly aims to redirect business lending back into the banking sector.”
With such developments, there will be lucrative opportunities for listed companies to raise debt capital without altering their optimal capital structures or incurring high borrowing costs. With that background, let’s explore our 10 Best Stocks That Recently Issued New Debt.
Our Methodology
To identify relevant stocks for this article, we conducted a sector-agnostic screening of U.S.-listed companies with market capitalizations above $2 billion that have recently issued debt. We narrowed our search further by selecting only companies with a debt-to-equity ratio below 100%.
Also, we shortlisted only stocks with at least 30% upside potential according to consensus as of the March 26 closing. Finally, we selected 10 stocks with the highest upside and ranked them in ascending order.
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. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
10. Omnicom Group Inc. (NYSE:OMC)
Omnicom Group Inc. (NYSE:OMC) is one of the 10 best stocks that recently issued new debt.
As of the March 26 closing, consensus sentiment for Omnicom Group Inc. remained moderately bullish. The stock received coverage from 7 analysts, 4 of whom assigned Buy ratings and 2 gave Hold calls. With 1 Sell rating, it has a projected median 1-year price target of $98.57, resulting in an upside potential of almost 34% at the prevailing level.
On March 20, Omnicom Group Inc. was subject to an upward revision in its target price, from $108 to $114 by UBS. The firm also reiterated its Buy rating on the stock, which currently yields an adjusted upside potential of more than 52%.
Back on February 23, Barclays also increased its target price for Omnicom Group Inc. from $82 to $90. The firm maintained an Equal Weight rating on the stock, which offers a revised potential upside of more than 20% at the current level. The revision in the price target came on the back of the company’s fourth-quarter results, which appeared to be in line with consensus estimates.
Omnicom Group Inc. is a media, communications, sales, and marketing company that operates through its various subsidiaries. They deliver services such as advertising, branding, precision marketing, content marketing, CSR consulting, public relations support, and more. They integrate their technical expertise with data management and analytics to deliver superior value to customers.
9. Thermo Fisher Scientific Inc. (NYSE:TMO)
Thermo Fisher Scientific Inc. (NYSE:TMO) is one of the 10 best stocks that recently issued new debt.
On March 16, Jefferies analyst Tycho Peterson highlighted potential risks across life sciences tools companies. The firm noted rising helium prices, driven by Middle East tensions, could create selective headwinds, noting that Thermo Fisher Scientific Inc. faces more limited risk. This is because the company’s helium exposure is predominantly relegated to gas chromatography. However, Jefferies remains constructive on select names in the group, and is currently ‘Restricted’ on Thermo Fisher.
Back on March 3, Thermo Fisher Scientific Inc. attended the 47th Annual Raymond James Institutional Investor Conference. The company’s situation and prospects for 2026 were discussed with investors by CEO and Chairman Marc Casper. Casper claims that the business had a strong year in 2025 with strong earnings growth and financial success, and it concluded the year with a lot of momentum.
With strong client relationships and a steady increase in market share in 2026, the company is positioned as a leader in its sector. Casper added that although the industry was more predictable last year due to the volatility brought on by COVID, it is now on a healthy path. Casper stated:
“We delivered a little bit over 2 percent organic growth last year. We’re expecting 3 percent to 4 percent growth this year on the way to ultimately longer term in the 5 percent, 6 percent range and then eventually, we think 7 percent plus.”
Thermo Fisher Scientific Inc. facilitates research and diagnostics through high-end life sciences solutions, analytical instruments, specialty diagnostics, and laboratory products. The company also offers software, consumables, pharma, and instrument services to various research and industrial markets. It covers several segments such as academics, biotechnology, government, pharmaceuticals, and others.
8. Amazon.com Inc. (NASDAQ:AMZN)
Amazon.com Inc. (NASDAQ:AMZN) is one of the 10 best stocks that recently issued new debt.
On March 25, Citi increased its price target on Amazon.com Inc. from $265 to $285 while maintaining a Buy rating on the stock. The firm has also raised its estimates for Amazon Web Services, driven by the ongoing need for AI after analysing the revenue contributions of Anthropic, OpenAI, and core workloads.
Citi predicts 28 percent year-over-year revenue growth for AWS in the first quarter, and 29 percent in 2026. The growth rate is expected to rise to 37 percent in 2027 as the partnerships between Amazon’s Anthropic and OpenAI kick in.
Back on February 23, Wells Fargo maintained an Overweight rating on Amazon.com Inc.. The firm reduced its price target from $305 to $304. Wells Fargo highlighted compute capacity as a key success factor, noting that AI-driven demand is expected to exceed supply in the near to medium term.
The firm also expects hyperscaler capacity to double up to 98GW, with annual CapEx reaching $860 billion by 2027. It highlighted significant expansion in the cloud industry as compared to street estimates, supporting a more constructive long-term outlook for the company and broader industry.
Amazon.com, Inc. is a technology company engaged in e-commerce, cloud computing, streaming, AI solutions, and physical retail. It offers consumer retail, advertising, and subscription solutions through an extensive network of online and brick-and-mortar stores worldwide. The company also develops and sells electronic devices such as Kindle, fire tablets, fire TVs, blink, and eero.
7. Formula One Group (NASDAQ:FWONK)
Formula One Group (NASDAQ:FWONK) is one of the 10 best stocks that recently issued new debt.
As of the March 26 closing, Formula One Group carried a strongly bullish sentiment. The stock received coverage from 8 analysts, 6 of whom assigned Buy ratings and 2 gave Hold calls. With no Sell rating, it has a projected median 1-year price target of $116.13, resulting in an upside potential of more than 42%.
On March 13, Nate Saunders of ESPN reported that Formula 1 is expected to cancel its April races in Bahrain and Saudi Arabia due to the ongoing Iran conflict. The report cited logistical challenges around freight timelines, making a decision urgent. It added that the races are unlikely to be replaced, leaving a gap in the schedule.
Earlier on March 3, Salesforce Inc. (NYSE: CRM) and Formula One Group announced the launch of a new fan companion agent to increase reach and personalize the experience for F1’s 827 million fans worldwide.
The agent was created as part of the extended partnership agreement between Salesforce and Formula One. The agent will be available on F1.com initially and will serve as an educational resource to teach fans about the new 2026 regulations.
Formula One Group operates in the motorsports business, through its subsidiaries, across the U.S. and the United Kingdom. They have the commercial rights for the FIA Formula One World Championship and are also responsible for its promotion. Other services they offer include ticketing, hospitality packages, licensing, and television production.
6. Aptiv PLC (NYSE:APTV)
Aptiv PLC (NYSE:APTV) is one of the 10 best stocks that recently issued new debt.
On March 23, Winchester Interconnect, an Aptiv PLC company, announced the launch of Modulus, a modular connector system that integrates high-speed single pair Ethernet and modular power in a small, serviceable format.
Designed for next-generation Low Earth Orbit satellite initiatives and unmanned aerial vehicles, Modulus provides engineers a chance to future-proof high-density platforms by streamlining development and optimizing signals, data, and power configuration in a single connector footprint. The system will also service modules in the field without removing the entire assembly.
On March 12, UBS upgraded Aptiv PLC from Neutral to Buy. The firm raised its price target from $89 to $97, resulting in an adjusted upside potential of 39%.
UBS cited compelling upside driven by value unlocking from the upcoming Versigent spin-off scheduled for April 1. It added that current valuation levels appear to price in too many risks, suggesting investors may be underestimating the company’s potential and effectively receiving additional value from the spin-off at current share levels.
Aptiv PLC offers advanced electrical and active safety technologies that ensure safer and greener mobility solutions. Operating through 2 segments, Signal & Power Solutions, and Advanced Safety & User Experience, it develops and sells vehicle components for automotive and commercial vehicles.
5. TPG Inc. (NASDAQ:TPG)
TPG Inc. (NASDAQ:TPG) is one of the 10 best stocks that recently issued new debt.
On February 24, RBC Capital initiated coverage on TPG Inc.. The firm assigned an Outperform rating to the stock and set a target price of $59. This leads to an upside potential of almost 49% at the current level.
RBC Capital noted that the recent selloff, driven by AI-related concerns, has created an attractive entry point. It added that TPG Inc. is expected to deliver stronger earnings growth compared to peers, supported by its proven private equity track record, which could act as a key advantage over time.
On February 24, Bank of America Securities reduced its price target on TPG Inc. from $77 to $72. The firm reiterated its Buy rating on the stock, which now yields an adjusted upside potential of more than 81% despite the downward revision.
The price target revision is part of Bank of America Securities’ broader updates. The firm is adjusting its EPS projections for several of its covered brokers, asset managers, and exchanges that have recently announced results.
TPG Inc. is an alternative asset manager that delivers investment management solutions. The company offers its services to a diverse group of clients that includes limited partners, separately managed accounts, funds, and other investment vehicles. It also provides services such as underwriting, placements, debt and equity capital solutions, and capital structuring advisory.
4. BioMarin Pharmaceutical Inc. (NASDAQ:BMRN)
BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) is one of the 10 best stocks that recently issued new debt.
On March 11, Bank of America Securities reduced its price target on BioMarin Pharmaceutical Inc. from $97 to $85. The firm maintained a Buy rating on the stock, which now yields an adjusted upside of almost 54% despite the downward revision.
The firm stated that more cautious assumptions in the Voxzogo-franchise tail caused it to lower its outlook for the pro-forma entity. This comes prior to the conclusion of BioMarin’s acquisition of Amicus Therapeutics Inc. (NASDAQ:FOLD), scheduled during the second quarter.
Back on February 26, Whitney Ijem from Canaccord Genuity maintained her Buy rating on BioMarin Pharmaceutical Inc.. The analyst also increased her price target from $98 to $104, leading to an upside potential of 88% at the prevailing level.
Ijem noted that the company’s fourth-quarter results included a slight top-line beat but were otherwise uneventful. This followed the announcement around the company’s acquisition of Amicus Therapeutics Inc., and its investor conference that took place in January.
BioMarin Pharmaceutical Inc. develops and commercializes targeted therapies for life-threatening medical conditions and rare genetic diseases. Some of its major products include VIMIZIM, VOXZOGO, NAGLAZYME, and ALDURAZYME. The company operates in more than 70 countries and currently has many drugs in the development stage.
3. ESAB Corp. (NYSE:ESAB)
ESAB Corp. (NYSE:ESAB) is one of the 10 best stocks that recently issued new debt.
On March 12, ESAB Corporation announced that it has priced an offering of $1 billion aggregate principal amount of 5.625% senior notes due 2031. According to the industrial company, a portion of the purchase consideration for Eddyfi Holding and the related companies will be funded by the net proceeds.
The transaction is expected to close on March 26, subject to customary conditions, and some of the current and future domestic restricted subsidiaries of ESAB will provide the guarantee for the notes.
On February 23, JPMorgan increased the firm’s price target on ESAB Corp. from $130 to $153. The firm maintained an Overweight rating on the stock, which yields an adjusted upside potential of more than 69% following the target revision.
The move comes on the back of updated estimates after the company’s fourth quarter report. It reflected a more positive view of the company’s performance going forward.
ESAB Corp. is an industrial compounder that manufactures and supplies consumable products and equipment. These include cutting material, consumables & gas controlling solutions, and welding equipment. The company also offers software and digital solutions to enhance productivity and enable remote monitoring of welding operations.
2. Dave Inc. (NASDAQ:DAVE)
Dave Inc. (NASDAQ:DAVE) is one of the 10 best stocks that recently issued new debt.
On March 3, Joseph Vafi from Canaccord Genuity maintained his Buy rating on Dave Inc.. The analyst also increased the stock’s target price from $274 to $328, leading to a revised potential upside of almost 85%.
Vafi highlighted strong fourth-quarter and full-year 2025 performance for Dave Inc., with the company exceeding its own guidance and outperforming the broader fintech sector. He also noted continued strength in user growth and pricing, with increases being absorbed without a meaningful impact on customer retention.
On March 3, Dave Inc. reported fourth-quarter revenue of $163.7 million, higher than the consensus estimate of $162.28 million. For the third time in a row, the company has seen sales growth of over 60% year over year, signifying another successful quarter.
Founder and Chief Executive Officer Jason Wilk states that the company once again proved the strength of its growth algorithm with year-over-year increases of 36 percent in ARPU and 19 percent in the rate of acceleration of monthly transacting members. Wilk pointed out that the company’s 2.9 million members who transact each month represent only a small fraction of its overall 185 million-customer TAM.
Wilk also stated that the company believes it is still in the early stages of increasing incremental ARPU through enhancements in underwriting, ExtraCash features and pricing, and credit products. This gives the company’s management tremendous confidence in the company’s ability to continue delivering strong growth for many years to come.
Dave Inc. offers a platform for financial services that includes budgeting, personal finance, and liquidity management. The platform tools notify members of upcoming transactions and recurring charges, based on individual bank account history. The company also offers job application solutions for temporary work.
1. Compass Inc. (NYSE:COMP)
Compass Inc. (NYSE:COMP) is one of the 10 best stocks that recently issued new debt.
On March 26, Benchmark Securities initiated its coverage on Compass Inc.. The firm assigned a Buy rating to the stock and forecasted a price target of $14. This results in an upside potential of more than 92% at the current level.
On February 27, Compass Inc. released its fourth-quarter revenue figures. They came in at $1.7 billion, exceeding the high end of guidance and expanding by 23% year over year. Furthermore, the company announced a three-year strategic relationship with Rocket Redfin that will yield 1.2 million high-intent leads. From $16.7 million in the previous year, adjusted EBITDA increased by 249% to $58.3 million.
Robert Reffkin, the Founder, Chairman, and CEO, stated:
“We are pleased to have delivered a record fourth quarter revenue and adjusted EBITDA results, both exceeding the high end of our guidance.”
Reffkin unveiled the company’s new objective of achieving $400 million in net cost synergies over a three-year period, as well as its strategy to reach $250 million in cost synergies in the first year.
Compass Inc. is a technology-led residential real estate brokerage firm. It operates mobile apps and online platforms such as CIRE and Compass to deliver services such as cloud-based CRM, marketing, client service, and title & settlement services. It also enables consumer-grade user interfaces, insightful dashboards, and reporting.
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