12 Best Young Stocks with Huge Upside Potential

5. Tamboran Resources Corporation (NYSE:TBN)

Number of Hedge Fund Holders: 5

Average Upside Potential as of October 10: 98.99%

Tamboran Resources Corporation (NYSE:TBN) is one of the best young stocks with huge upside potential. On October 1, Tamboran Resources reached an agreement to acquire Falcon Oil & Gas. The deal is expected to close in Q1 2026, where the transaction values Falcon at ~$172 million.

Under the agreement, Tamboran will take ownership of all Falcon subsidiaries. The consideration for the transaction includes 6.5 million shares of Tamboran’s common stock and $23.7 million in cash. Upon completion, Falcon’s investors will hold a 26.8% stake in the combined entity, with Tamboran shareholders holding the remaining 73.2%.

The acquisition will extend Tamboran’s footprint in the Beetaloo sub-basin, or depocentre, and create one of the largest acreage holders in the region, with ~2.9 million net prospective acres. This figure includes non-operating stakes in blocks held by Daly Waters Energy. The deal also increases Tamboran’s working interest in the phase two development area to 80.62%. For this area, Tamboran is currently undertaking a farmout process with RBC Capital Markets to identify a new development partner while maintaining a material working interest.

Tamboran Resources Corporation (NYSE:TBN) is a natural gas company that develops unconventional gas resources in the northern territory of Australia.