In this article, we will discuss the 12 Best NASDAQ Stocks with High Upside Potential.
On June 4, Hans Albrecht, Equity Fund Manager at Option Pit, joined BNN Bloomberg to discuss the outlook on the markets with a spotlight on tech. Albrecht observed that the semiconductor trade has been relentlessly up, but he pointed to evidence in the options market, specifically aggressive buying of upside calls, or “FOMO”, suggesting that the market has become overextended in the short term. He noted that while the demand for infinite compute remains a valid, early-stage theme for AI, it does not guarantee infinite stock price appreciation. As excitement in the semiconductor space cools, he highlighted a rerating occurring in other tech areas that were previously undervalued, such as the CPU and equipment spaces, with companies like Dell receiving renewed attention from investors who are recognizing their potential in the AI landscape. He warned that when too many investors crowd onto one side of the boat, the market becomes prone to tipping over.
The discussion then moves to SpaceX’s IPO. Albrecht expressed skepticism and suggested that the IPO could be destabilizing for the market. He pointed out that private investors have already had access to SpaceX, meaning those who get involved in the IPO may be looking to exit, a situation compounded by relaxed rules around lockup periods. He further voiced concern that companies like SpaceX, OpenAI, and Anthropic remain unprofitable, yet are launching record-breaking IPOs. He posited that liquid Mag 7 stocks may be seeing a pullback as investors sell off those positions to raise capital for the SpaceX offering. He characterized the company’s $2.4 trillion dark market valuation as high and reiterated his concern that the sheer volume of stock entering the market could cause instability.
Against this backdrop, lets look at some of the best NASDAQ stocks with high upside potential.
Our Methodology
We used financial media reports to identify NASDAQ stocks that have an average upside potential of at least 30%. We limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also popular among elite hedge funds and are ranked in ascending order of their upside potential.
Note: All data was sourced on June 17.
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’s 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).
12 Best NASDAQ Stocks with High Upside Potential
12. Amazon.com Inc. (NASDAQ:AMZN)
Average Upside Potential: 34.53%
Amazon.com Inc. (NASDAQ:AMZN) is one of the best NASDAQ stocks with high upside potential. On June 10, Amazon announced that Amazon Elastic Compute Cloud (Amazon EC2) M9g and M9gd instances, powered by AWS Graviton5 processors, are generally available. These provide up to 25% better compute performance than the previous generation. Designed for the demands of agentic AI, these chips feature 192 cores, a 5x larger L3 cache, and support for DDR5-8800 memory and PCIe Gen 6. The new M9g and M9gd instances are optimized to accelerate web applications, machine learning inference, and database performance by up to 30%.
The architecture delivers significant efficiency gains, including 33% lower inter-core latency and increased network and storage bandwidth. Built on 3nm technology, these chips provide higher performance while maintaining energy efficiency. The M9gd instances further support demanding workloads with high-speed local storage, offering up to 11.4 TB of NVMe SSD storage and 30% higher IOPS.
Security is enhanced through the sixth-generation AWS Nitro System, which introduces the Nitro Isolation Engine. This component uses formal verification and mathematical proofs to ensure strict isolation between virtual machines and protect customer data from unauthorized access. The design continues the AWS commitment to a zero-operator access model, securing workloads across government, financial, and healthcare sectors.
Amazon.com Inc. operates across e-commerce, digital content, advertising, and cloud computing. Its online and offline stores offer both in-house and third-party products, while its Amazon Web Services/AWS division runs one of the world’s largest data center networks.
11. Coinbase Global Inc. (NASDAQ:COIN)
Average Upside Potential: 36.43%
Coinbase Global Inc. (NASDAQ:COIN) is one of the best NASDAQ stocks with high upside potential. On June 17, Coinbase Global introduced “Coinbase Advisor,” an AI-powered investment tool designed to help users optimize their portfolios. Currently available to US “Coinbase One” premium subscribers, the tool is one of the first SEC-registered AI investment advisors in the country. It provides personalized guidance on trade execution, market analysis, and tax-loss harvesting.
This launch is a key component of CEO Brian Armstrong’s strategy to transform Coinbase into a comprehensive “everything exchange.” By integrating trading, payments, and automated financial management into a single platform, the company aims to move beyond its crypto-native roots and compete directly with traditional financial institutions and brokerages.
The move comes as competition intensifies among platforms seeking to offer a unified destination for stocks, digital assets, and tokenized products. By using AI to automate complex wealth-building strategies, Coinbase Global Inc. is attempting to deepen user engagement and diversify its revenue streams, positioning itself as a central hub for both legacy and on-chain finance.
Coinbase Global Inc. provides a trusted platform that serves as a compliant on-ramp to the on-chain economy, allowing users to engage in a wide range of activities with their crypto assets through proprietary and third-party product experiences that are enabled by access to decentralized applications.
10. Constellation Energy Corporation (NASDAQ:CEG)
Average Upside Potential: 39.99%
Constellation Energy Corporation (NASDAQ:CEG) is one of the best NASDAQ stocks with high upside potential. On June 1, Constellation Energy announced the pricing of a secondary public offering of 11,000,000 shares of its common stock by existing shareholders at $281.00 per share. As this is a secondary offering, the company will not receive any proceeds from the sales.
Simultaneously, Constellation Energy Corporation agreed to a share repurchase of 2,000,000 shares from the underwriters at the same price. This repurchase will be executed under the company’s existing program and is contingent upon the successful closing of the primary offering.
Morgan Stanley and J.P. Morgan are serving as underwriters, with an option to purchase an additional 1,350,000 shares within 30 days. The offering has been filed with the SEC and is subject to standard regulatory requirements and closing conditions.
Constellation Energy Corporation is a leading energy supplier specializing in reliable, emissions-free energy for businesses, homes, and public sector customers.
9. Intuitive Surgical Inc. (NASDAQ:ISRG)
Average Upside Potential: 43.10%
Intuitive Surgical Inc. (NASDAQ:ISRG) is one of the best NASDAQ stocks with high upside potential. On May 28, Intuitive announced the promotion of Taylor Patton to Chief Commercial and Marketing Officer, effective July 1. Patton, who has spent nearly two decades at the company, previously led the global endoluminal business, including the successful launch of the Ion platform. He will now join the executive leadership team to oversee global commercial operations and marketing strategies.
Current Chief Commercial and Marketing Officer Henry Charlton will transition to the role of Senior Vice President of Global Business Operations. In this new capacity, Charlton will focus on ensuring global value generation for patients and healthcare systems while working closely with Patton to ensure a seamless leadership transition.
CEO Dave Rosa noted that Patton’s extensive experience across the da Vinci, Ion, and Digital platforms makes him well-suited to scale the company’s commercial operations during a period of global growth. This leadership change aligns with Intuitive Surgical Inc.’s (NASDAQ:ISRG) ongoing efforts to expand access to minimally invasive care and support its objective of achieving the “Quintuple Aim” across all geographies.
Intuitive Surgical Inc. engages in the development, manufacturing, and marketing of da Vinci surgical systems and the Ion endoluminal system.
8. Microsoft Corporation (NASDAQ:MSFT)
Average Upside Potential: 45.15%
Microsoft Corporation (NASDAQ:MSFT) is one of the best NASDAQ stocks with high upside potential. On June 17, Y Combinator and Microsoft expanded their partnership to provide YC founders with deeper access to Azure and Microsoft Foundry. This initiative is designed to support AI-native startups by offering the high-performance infrastructure, GPU resources, and scalable tools required to move from early experimentation to enterprise-ready production.
Eligible founders will receive startup credits, direct technical guidance from Microsoft Corporation engineers, and support for model training and inference. The partnership emphasizes flexibility, allowing startups to build across a variety of AI models within a unified, secure platform while gaining access to Microsoft’s global marketplace and co-sell ecosystem.
By integrating these resources, the collaboration aims to help the next generation of startups build AI-centric businesses from the ground up. The initiative provides the necessary architecture and distribution pathways to help founders scale reliably and connect with enterprise customers earlier in their development cycle.
Microsoft Corporation is a global technology company that develops and sells a wide range of software, cloud services, devices, and business solutions, serving both individual users and enterprise customers worldwide. Its flagship products include Windows, Microsoft 365, Azure, LinkedIn, and Xbox.
7. DoorDash Inc. (NASDAQ:DASH)
Average Upside Potential: 50.91%
DoorDash Inc. (NASDAQ:DASH) is one of the best NASDAQ stocks with high upside potential. On June 11, DoorDash launched “Ask DoorDash,” a new AI-powered chatbot that allows users to place food and grocery orders and make reservations using photos and text prompts. Currently debuting in select markets, the feature is part of a broader industry push where gig economy companies are racing to integrate agentic AI tools to enhance the user experience and remain competitive against rivals like Uber and Instacart.
This rollout is a key element of DoorDash’s extensive investment cycle, which involves a major technical overhaul of its platform to integrate recent high-profile acquisitions, including SevenRooms and Deliveroo. Finance chief Ravi Inukonda confirmed that the company is currently focused on executing this unified tech stack transition, which represents a significant portion of its 2026 spending.
The move comes during a challenging period for DoorDash Inc., as the company navigates a difficult year on Wall Street. Despite a 33% decline in share price over the past year, the company remains committed to its long-term strategy of investing heavily in autonomous technology and new product development to transition its platform into a comprehensive, AI-driven service.
DoorDash Inc. operates a food delivery and logistics platform, serving consumers in the US, Canada, and Australia.
6. CoStar Group Inc. (NASDAQ:CSGP)
Average Upside Potential: 57.58%
CoStar Group Inc. (NASDAQ:CSGP) is one of the best NASDAQ stocks with high upside potential. On June 16, CoStar Group launched “Apartments.com Ai,” a conversational search tool designed to act as a personalized rental advisor. By replacing traditional filters with NL processing, the platform allows users to describe their specific lifestyle and budget needs, such as proximity to transit or amenities, to receive tailored, intelligent property recommendations.
The tool uses the company’s extensive multifamily database to do more than just list apartments; it can answer detailed questions, compare specific communities, and guide users through 3D tours. This development represents a shift from static search results to an interactive guidance model that learns from user preferences over time to improve the accuracy of its recommendations.
This release is part of CoStar Group Inc.’s (NASDAQ:CSGP) broader strategy to integrate advanced AI into its real estate marketplaces, following the earlier introduction of a similar tool for its homes platform. By combining proprietary data with conversational AI, the company aims to streamline the apartment search process, making it faster and more precise for consumers.
CoStar Group Inc. provides online real estate marketplaces, information, and analytics for the commercial and residential property markets.
5. Axon Enterprise Inc. (NASDAQ:AXON)
Average Upside Potential: 59.57%
Axon Enterprise Inc. (NASDAQ:AXON) is one of the best NASDAQ stocks with high upside potential. On May 6, Axon reported strong Q1 2026 financial results, with total revenue reaching $807 million, a 34% increase year-over-year. Growth was driven by a 35% rise in Software & Services revenue and a 33% increase in Connected Devices due to demand for TASER 10, Axon Body 4, and counter-drone systems. Reflecting this momentum, the company has raised its full-year revenue growth outlook to 30%–32%.
The company continues to expand its AI ecosystem, with AI product revenue witnessing over 700% growth compared to last year. Innovations include Axon Vision and Axon Guardian for real-time threat detection, Axon Assistant (which has surpassed one million uses), and Form One, a universal tool for automating paperwork. These tools are designed to integrate seamlessly into a CJIS-compliant environment to improve officer safety and operational efficiency.
Additionally, Axon Enterprise Inc. is seeing rapid adoption of its counter-drone technologies, bolstered by the federal Safer Skies Act. With its recent focus on judicial workflow tools like Brief One and AI Case Compass, the company is transitioning from simple evidence capture to providing an integrated intelligence and review platform, positioning itself as a central operating system for public safety.
Axon Enterprise Inc. provides public safety technology solutions. It offers conducted energy devices, such as TASER devices, body cameras, and cloud-based digital evidence management software to law enforcement agencies and enterprises.
4. Charter Communications Inc. (NASDAQ:CHTR)
Average Upside Potential: 62.88%
Charter Communications Inc. (NASDAQ:CHTR) is one of the best NASDAQ stocks with high upside potential. On June 17, Spectrum News, which is owned and operated by Charter Communications, launched its newest 24/7 local network, Spectrum News Tennessee, now available to Spectrum TV customers on channel 1 and via the dedicated news app. The network focuses on hyperlocal content, providing local headlines every 15 minutes and weather updates every 10 minutes to viewers across the state, including key markets like Nashville, Knoxville, and Jackson.
The network is led by Executive Producer Rebecca Walters and features a team of reporters embedded throughout Tennessee to ensure coverage remains deeply connected to community concerns. This launch is part of Spectrum’s broader effort to expand its local journalism reach, which already maintains an average of 1.9 million daily viewing households across its various digital and linear platforms.
By offering content through mobile apps, Roku, Apple TV, and Xumo Stream Box, Spectrum continues to emphasize accessibility for its viewers. The new Tennessee network joins an expanding ecosystem of news services, including the streaming-based Spectrum News+ and Spanish-language Spectrum Noticias, reinforcing the company’s commitment to community-focused reporting in an increasingly digital media landscape.
Charter Communications Inc. is a broadband connectivity company. Under the Spectrum brand umbrella, it delivers voice, mobile, internet, and video services. It offers data networking solutions to business entities, while also delivering cable TV, video on demand, and advertising services.
3. Intuit Inc. (NASDAQ:INTU)
Average Upside Potential: 65.94%
Intuit Inc. (NASDAQ:INTU) is one of the best NASDAQ stocks with high upside potential. On June 15, Intuit selected the agency Mother as its new creative and strategic partner. This collaboration aims to evolve Intuit’s brand identity for the AI era, shifting its messaging away from technical promises toward emotionally resonant storytelling that connects more deeply with its small business customers and the broader communities it serves.
The partnership is timed to support the scaling of Intuit Intelligence, the company’s agentic platform that integrates AI agents and human expertise to automate business tasks for over 10 million users. Mother will play a key role in communicating this story, helping to solidify QuickBooks and the broader Intuit Inc. platform as essential tools that empower business owners to operate and grow with greater confidence.
This long-term agreement encompasses several upcoming projects, with the first major campaign expected to debut this fall. The collaboration will also extend into high-profile initiatives, including Intuit’s role as an official founding partner of the LA28 Olympic and Paralympic Games.
Intuit Inc. is a global financial technology platform behind TurboTax, Credit Karma, QuickBooks, Mailchimp, and Intuit Enterprise Suite, serving about 100 million customers worldwide.
2. Insulet Corporation (NASDAQ:PODD)
Average Upside Potential: 72.10%
Insulet Corporation (NASDAQ: PODD) is one of the best NASDAQ stocks with high upside potential. On June 6, Insulet announced promising new clinical trial results for its next-generation tubeless Automated Insulin Delivery/AID systems, presented at the American Diabetes Association’s 86th Scientific Sessions. The STRIVE pivotal trial for the upcoming Omnipod 6 showed strong glycemic outcomes and improved responsiveness to hyperglycemia, noting that the system can deliver up to 50% more automated insulin while reducing the need for manual boluses across various age groups and diabetes types.
The company also shared findings from the EVOLUTION 3 feasibility study, which focused on a fully closed-loop system specifically for type 2 diabetes. This technology is designed to automatically adjust insulin levels without requiring manual user settings, aiming to simplify clinical workflows and remove traditional barriers to care for individuals with type 2 diabetes.
These developments align with Insulet Corporation’s (NASDAQ:PODD) broader innovation strategy, which prioritizes technology that requires less daily effort from users while simultaneously improving health outcomes. By combining these advanced AID systems, the company aims to move closer to a future where managing diabetes is significantly more automated and accessible for a wider range of patients.
Insulet Corporation is a medical device company focused on developing, manufacturing, and selling insulin delivery systems for patients with diabetes.
1. Trimble Inc. (NASDAQ:TRMB)
Average Upside Potential: 75.98%
Trimble Inc. (NASDAQ:TRMB) is one of the best NASDAQ stocks with high upside potential. On June 10, Trimble launched a new cloud-native Transportation Management System/TMS for North American shippers, designed to centralize supply chain operations within a single, connected environment. The platform is highly configurable, allowing companies to build a custom system that integrates with existing enterprise resource planning software while providing access to a wide array of tools ranging from freight procurement to financial settlement.
The solution uses AI and ML to automate manual tasks such as freight planning, carrier vetting, and predictive ETA tracking. By incorporating real-time visibility and agile planning features, the system enables users to navigate logistics disruptions more effectively while also supporting sustainability goals by optimizing network performance and reducing carbon emissions.
Available as a flexible, bundled solution, the platform is designed for scalability to meet the needs of businesses of all sizes. By providing access to Trimble’s extensive global network of over 210,000 carriers and 1,500 shippers, the TMS acts as a strategic logistics nerve center that enhances operational efficiency and data-driven decision-making without requiring a complete overhaul of existing infrastructure.
Trimble Inc. is a technology company that builds hardware, software, and services connecting the physical and digital worlds. They provide precise positioning tools, 3D modeling, and data analytics to optimize operations in the construction, agriculture, geospatial, and transportation sectors.
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