10 Stocks Soaring Past Expectations

1. Globus Medical Inc. (NYSE:GMED)

Globus Medical soared by 38.9 percent week-on-week as investors took path from bullish analyst ratings and a stellar earnings performance in the third quarter of the year.

Last Friday, Globus Medical Inc. (NYSE:GMED) earned a “buy” recommendation from BofA Securities, an upgrade from its “neutral” rating previously, as well as a new price target of $91 versus the $65 prior. The new price target marked a 47 percent upside potential from its closing price of $61.71 prior to the report.

Meanwhile, the company also earned a $79 price target from Wells Fargo, an upgrade from the $66 prior.

The analyst coverage followed Globus Medical Inc.’s (NYSE:GMED) earnings performance in the third quarter of the year, with net income soaring by 129 percent to $118.97 million from $51.84 million in the same period last year. Net sales also grew by 22.9 percent to $769 million from $625.7 million year-on-year.

For the full-year period, Globus Medical Inc. (NYSE:GMED) raised its revenue guidance to a range of $2.86 billion to $2.9 billion, marking a higher lower end versus the $2.80 billion previously.

“We are pleased with the strength of our overall results and continued progress throughout the company,” said President and CEO Keith Pfeil. “Looking ahead, we remain focused on finishing 2025 strong, with a clear path toward consistent organic growth through innovation, disciplined execution and delivering differentiated technologies that improve patient outcomes.”

While we acknowledge the potential of GMED to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GMED and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge fund investor letters by entering your email below.