10 Cheap Stocks with Huge Upside Potential

2. Super Group Limited (NYSE:SGHC)

Potential Upside: 85.38%

Forward P/E: 11.85

Number of Hedge Fund Holders: 31

Bernie McTernan, an analyst at Needham, reiterated his Buy rating on the stock, along with the price target of $17, on January 14. The firm’s price target implies a further 75.1% upside from the current levels.

Moreover, according to a report released on January 13, Canaccord Genuity reaffirmed its Buy rating along with the price target of $18 for the stock. The firm’s price target suggests an additional 85.5% upside from current levels. This upside is consistent with the median analyst estimate, based on 8 analysts covering the stock.

On December 31, Benchmark named the stock a 2026 EDM Top Idea, citing a strong conviction that the company is entering a multi-year phase of earnings compounding. The firm believed that the stock offers a compelling risk-reward profile ahead of a 2026 catalyst calendar, which includes the new market expansion, World Cup,  and the rollout of the Super Coin initiative. Analyst Mike Hickey from Benchmark maintained his Buy rating on the stock. He also reaffirmed the $17 price target for the shares, offering an attractive 71% upside from current levels.

Super Group Limited (NYSE:SGHC) is an online sports betting and gaming operator. It provides an online sports betting and casino offering, Betway, and a multi-brand online casino, Spin. The company operates across the Middle East, Europe, Africa, the Asia-Pacific, North America, and South/Latin America. It is headquartered in  Saint Peter Port, Guernsey.