In this article, we will take a look at the 13 Best Innovative Stocks to Buy According to Wall Street Analysts.
Innovation is entering a new phase of rapid acceleration, according to ARK Invest. Speaking on January 23, 2026, ARK CEO and CIO Cathie Wood said the firm believes artificial intelligence is still in its early stages, despite heavy investment across the tech sector. In ARK’s Big Ideas 2026 report, Wood compared today’s AI spending cycle to past breakthroughs such as railroads and automobiles, arguing that productivity gains could drive a significant increase in economic growth. From AI-powered software and autonomous vehicles to digital assets and next-generation healthcare, ARK believes the companies leading these shifts could shape the next decade of such economic growth.
A healthy economy should support companies leading innovation, and the latest jobs report confirmed the economy remains on a stable path. The January nonfarm payrolls report showed that 130,000 jobs were created, significantly exceeding consensus expectations and far more than the downwardly revised December gain. The report provided some comfort to investors concerned about a potential labor market downturn, following a series of data points that implied slowing growth in a “no hire, no fire” environment.
That said, investing in innovation and AI remains under scrutiny as companies continue to navigate economic uncertainty. In that regard, EY-Parthenon chief economist Gregory Daco made the following remarks:
“I would anticipate that for the rest of the year, job growth is going to be quite subdued. Whether it’s as subdued as 2025 … is still an open question. But I would not expect job growth to be higher than 50,000 for the remainder of 2026.”
Moreover, the Federal Reserve’s interest rate forecasts would be influenced by robust payrolls data, which may lead to fewer rate cuts than markets had hoped for if higher inflation persists.
With that backdrop, let’s explore our list of the best innovative stocks to buy according to Wall Street analysts.
Our Methodology
For this piece, we used the ARK Innovation ETF (ARKK) to compile a list of the top companies that advance groundbreaking ideas, products, services, or business processes. We then selected the 13 stocks most popular among elite hedge funds and that analysts were bullish on (at least 20% upside).
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 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
13. Bitmine Immersion Technologies, Inc. (NYSE:BMNR)
Analyst Upside: 115.54%
Number of Hedge Fund Holders: 20
Bitmine Immersion Technologies, Inc. (NYSE:BMNR) ranks among the best innovative stocks to buy according to Wall Street analysts. On January 16, B.Riley reiterated a Buy rating on Bitmine Immersion Technologies, Inc. (NYSE:BMNR) with a $47 price target following the company’s $200 million investment in Beast Industries, a content development company established by YouTube star MrBeast.
B. Riley sees the partnership favorably, as it might allow Bitmine Immersion Technologies, Inc. (NYSE:BMNR) marketing to reach MrBeast’s community of more than 450 million followers and generate revenue for its MAVAN staking platform through Beast’s anticipated financial services platform that integrates with DeFi.
According to the firm, the investment strengthens Bitmine’s “institutional credibility as a strategic capital allocator rather than a passive treasury operator,” even if the company is aware of the distribution and compliance risks related to the MrBeast financial platform’s operation.
Moreover, Bitmine Chairman Tom Lee appeared on CNBC’s “Squawk Box” on January 15 to discuss the deal. He stated the following:
“I think it’s part of the sort of evolution of digital platforms and money, and I think it’s really uniting the No. 1 creator in the world with the biggest ethereum platform in the world.”
Bitmine Immersion Technologies, Inc. (NYSE:BMNR) is a Bitcoin and Ethereum network company focused on acquiring cryptocurrency for long-term investment.
12. Veracyte, Inc. (NASDAQ:VCYT)
Analyst Upside: 28.38%
Number of Hedge Fund Holders: 25
Veracyte, Inc. (NASDAQ:VCYT) ranks among the best innovative stocks to buy according to Wall Street analysts. On January 12, UBS reaffirmed its Buy rating for Veracyte, Inc. (NASDAQ:VCYT) alongside a price target of $48. Analyst Lu Li retained a favorable outlook after Veracyte’s Q4 testing revenue exceeded expectations, which the company attributed mostly to higher average selling prices and prior-period collections rather than volume growth in Decipher tests.
Veracyte’s 2026 testing revenue projections exceeded street expectations, and the company kept its projected adjusted EBITDA margin of 25%, up from about 21% in 2024, which UBS deems favorable for the stock’s outlook.
The firm also noted potential gains from new product contributions, suggesting that the company’s current revenue projection does not fully account for all growth prospects.
Overall, Veracyte, Inc. (NASDAQ:VCYT) reported preliminary fourth-quarter 2025 revenue of $138-140 million, representing a 16%-18% year-over-year increase that exceeded the consensus forecast of $132 million.
Veracyte, Inc. (NASDAQ:VCYT) is a genomic diagnostics company that develops tests to improve diagnosis and treatment decisions for thyroid, lung, and other cancers, as well as autoimmune diseases.
11. Beam Therapeutics Inc. (NASDAQ:BEAM)
Analyst Upside: 85.84%
Number of Hedge Fund Holders: 27
Beam Therapeutics Inc. (NASDAQ:BEAM) ranks among the best innovative stocks to buy according to Wall Street analysts. H.C. Wainwright reiterated a Buy rating and $80 price target for Beam Therapeutics Inc. (NASDAQ:BEAM) on January 15, citing the company’s developments over its BEAM-302 therapy. This comes after Beam announced that it reached an agreement with the FDA on an expedited approval process for BEAM-302 in alpha-1 antitrypsin deficiency (AATD).
Beam Therapeutics Inc. (NASDAQ:BEAM) will take on about 50 more patients at the ideal biologic dose in its active Phase 1/2 trial in support of this filing. By the end of the first quarter of 2026, the company anticipates reporting new data and outlining the next phases for important development.
Beam Therapeutics Inc. (NASDAQ:BEAM) wrapped up 2025 with approximately $1.25 billion in cash, cash equivalents, and convertible securities, expanding its anticipated financial runway beyond 2029. This budget provides funds to carry out critical development of BEAM-302 and the planned risto-cel launch as the company moves into the commercial phase.
Beam Therapeutics Inc. (NASDAQ:BEAM) is a biotechnology company developing precision genetic medicines using its proprietary base-editing technology. Its main products include investigational therapies such as BEAM-101 and BEAM-302.
10. Circle Internet Group (NYSE:CRCL)
Analyst Upside: 147.39%
Number of Hedge Fund Holders: 29
Circle Internet Group (NYSE:CRCL) ranks among the best innovative stocks to buy according to Wall Street analysts. On February 2, Morgan Stanley began coverage of Circle Internet Group (NYSE:CRCL) with an Equalweight rating and a $66 price target. The firm highlighted several factors behind its mixed position, including volatile regulatory prospects, use cases primarily related to cryptocurrency trading, and share price volatility. Morgan Stanley stated that most investors will probably wait for more information on either medium-term rate stability or revenue diversity before investing in Circle Internet Group (NYSE:CRCL).
The firm also stated that the current U.S. rate trend is a substantial barrier to Circle’s interest-based revenue, which, coupled with its substantial fixed-price structure, limits visibility into short-term earnings.
Meanwhile, on January 29, Compass Point raised Circle Internet Group (NYSE:CRCL) from Sell to Neutral and lowered its price target to $60 from $75. CRCL shares are expected to continue fluctuating based on cryptocurrency sentiment in the first half of 2026, with fewer individual variables that could allow the company to decouple from crypto pricing.
Circle Internet Group (NYSE:CRCL), also known as Circle, is a peer-to-peer payments technology company that currently manages USDC, a cryptocurrency pegged to the US dollar.
9. Intellia Therapeutics, Inc. (NASDAQ:NTLA)
Analyst Upside: 29.52%
Number of Hedge Fund Holders: 31
Intellia Therapeutics, Inc. (NASDAQ:NTLA) ranks among the best innovative stocks to buy according to Wall Street analysts. H.C. Wainwright reiterated a Buy rating on Intellia Therapeutics, Inc. (NASDAQ:NTLA) while boosting its price target to $25 from $15 on January 28, following the removal of a clinical hold on the company’s MAGNITUDE-2 study.
The updated protocol raises the target enrollment to around 60 patients from the originally intended 50, implying a focus on improving risk mitigation and data comprehension rather than discontinuing the drug altogether.
H.C. Wainwright highlighted that the safety incidents that triggered the hold were uncommon, with two Grade 4/5 liver incidents, one of which was fatal, occurring in about 450 treated patients, accounting for less than 0.5% of the group.
Intellia Therapeutics, Inc. (NASDAQ:NTLA) is a biotech company at the forefront of CRISPR-Cas9 gene-editing technology, developing cutting-edge treatments for both in vivo and ex vivo applications. Its main initiative, NTLA-2001, aims to treat transthyretin amyloidosis, an incurable disease.
8. The Trade Desk, Inc. (NASDAQ:TTD)
Analyst Upside: 99.59%
Number of Hedge Fund Holders: 42
The Trade Desk, Inc. (NASDAQ:TTD) ranks among the best innovative stocks to buy according to Wall Street analysts. On February 3, KeyBanc cut its price target on The Trade Desk, Inc. (NASDAQ:TTD) to $40 from $88 while maintaining an Overweight rating. The reduction reflects KeyBanc’s more conservative growth forecast and lowered EV/EBITDA multiples.
Nonetheless, The Trade Desk, Inc. (NASDAQ:TTD) reaffirmed its fourth-quarter 2025 estimates, anticipating revenue growth of “at least $840 million,” a rise of 13% (19% without political advertising), and adjusted EBITDA of “approximately $375 million,” a 7% gain.
Meanwhile, on January 27, Rosenblatt reduced its price target for The Trade Desk, Inc. (NASDAQ:TTD) to $53 from $64 while retaining a Buy rating after the sudden departure of the company’s CFO, Alexander Kayyal, who had been in the role for only five months.
The Trade Desk, Inc. (NASDAQ:TTD), a leading supplier of advertising technology, specializes in offering advertising solutions to digital marketers. Advertisers may plan, manage, and optimize their digital ad campaigns across various platforms and channels using its self-service, transparent software, and cloud-based platform.
7. SoFi Technologies, Inc. (NASDAQ:SOFI)
Analyst Upside: 23.93%
Number of Hedge Fund Holders: 44
SoFi Technologies, Inc. (NASDAQ:SOFI) ranks among the best innovative stocks to buy according to Wall Street analysts. On February 3, JPMorgan raised SoFi Technologies, Inc. (NASDAQ:SOFI) to Overweight from Neutral, citing a post-earnings share fall as a more appealing buying opportunity. The firm stated that SoFi’s fourth-quarter results demonstrated strong execution, with exceptional results and favorable 2026 earnings guidance.
According to JPMorgan, SoFi Technologies, Inc. (NASDAQ:SOFI) continues to acquire members and grow deposits more rapidly than several of its fintech counterparts, which have experienced stagnant growth or deposit withdrawals. The firm stated that this matches SoFi’s aim of promoting itself as a full-service digital bank for high-income customers who are tech-literate.
SoFi Technologies, Inc. (NASDAQ:SOFI) projected revenue growth of roughly 30% and adjusted EBITDA margins of 34% for 2026. JPMorgan noted that the first-quarter forecast came in below expectations, as the company continues to invest heavily in marketing and products. However, it added that SoFi Technologies, Inc. (NASDAQ:SOFI) has a history of exceeding its own expectations.
SoFi Technologies, Inc. (NASDAQ:SOFI) is a U.S.-based fintech and banking platform that offers crypto services, alongside loans, deposits, and investments.
6. Roku, Inc. (NASDAQ:ROKU)
Analyst Upside: 48.80%
Number of Hedge Fund Holders: 56
Roku, Inc. (NASDAQ:ROKU) ranks among the best innovative stocks to buy according to Wall Street analysts. On February 6, Oppenheimer upgraded Roku, Inc. (NASDAQ:ROKU) from Perform to Outperform with a price target of $105. The revision comes after ROKU stock fell 25% from its 52-week high, compared with a 4% drop in the NASDAQ over the same period.
Oppenheimer identified a number of potential drivers for Roku, Inc. (NASDAQ:ROKU), which include the recently announced Amazon DSP collaboration, greater interest in the next Winter Olympics, as well as Roku’s Peacock SVOD offering.
The firm predicts Roku’s core platform revenue will climb 15% in 2026 and 16% in 2027, excluding political ads and certain one-time events, slightly exceeding street expectations. In a more optimistic scenario, growth might reach 17% in 2026 and 16% in 2027, boosted by the Amazon deal and the upcoming Olympics.
Founded in 2002, Roku, Inc. (NASDAQ:ROKU) is an American company specializing in smart TVs and streaming devices. The company licenses its streaming technology to other manufacturers and runs an advertising campaign via its streaming network.
5. CoreWeave Inc. (NASDAQ:CRWV)
Analyst Upside: 43.47%
Number of Hedge Fund Holders: 62
CoreWeave Inc. (NASDAQ:CRWV) ranks among the best innovative stocks to buy according to Wall Street analysts. Following CoreWeave Inc.’s (NASDAQ:CRWV) improved partnership with NVIDIA, DA Davidson reaffirmed a Buy rating on the company’s shares with a $110 target price. The company stated that it will accelerate the development of over 5 gigawatts of capacity by 2030, with a $2 billion equity contribution from NVIDIA.
Analyst Alex Platt stated that the NVIDIA agreement gives CoreWeave Inc. (NASDAQ:CRWV) the “necessary support to sustainably build their future infrastructure.”
Stifel also addressed the expanded collaboration, claiming that the $2 billion equity funding will allow CoreWeave Inc. (NASDAQ:CRWV) to accelerate the development of up to 200MW of capacity by 2030 as part of its broader 5GW “AI Factory” strategy, while contributing to a significant reduction in weighted average cost of capital.
CoreWeave Inc. (NASDAQ:CRWV) operates a cloud platform that provides scaling, support, and acceleration for GenAI. It builds the infrastructure that supports enterprise compute workloads.
4. Robinhood Markets, Inc. (NASDAQ:HOOD)
Analyst Upside: 90.38%
Number of Hedge Fund Holders: 77
Robinhood Markets, Inc. (NASDAQ:HOOD) ranks among the best innovative stocks to buy according to Wall Street analysts. On February 3, Bernstein SocGen Group reaffirmed an Outperform rating and a $160 price target for Robinhood Markets, Inc. (NASDAQ:HOOD), with analyst Gautam Chhugani highlighting the company’s substantial decline from its peak.
According to Bernstein’s analysis, investors are wondering whether the current scenario reflects “a peak retail cycle sell off exacerbated with crypto drawdown” or a possible buying opportunity for the company’s shares. Nonetheless, the firm added that Robinhood Markets, Inc. (NASDAQ:HOOD) “is fast approaching attractive valuation zone, but near term volatility might lead to more attractive entry points,” implying possible opportunities for investors amid constant shifts in the market.
Furthermore, Bernstein noted that cryptocurrency-related operations made up 21% of Robinhood’s total revenue year-to-date in 2025, making this area a significant contributor to the company’s recent performance.
Robinhood Markets, Inc. (NASDAQ:HOOD) is a financial services platform that offers commission-free trading of stocks, ETFs, options, and cryptocurrencies through its mobile-first brokerage app.
3. Palantir Technologies Inc. (NASDAQ:PLTR)
Analyst Upside: 47.86%
Number of Hedge Fund Holders: 81
Palantir Technologies Inc. (NASDAQ:PLTR) ranks among the best innovative stocks to buy according to Wall Street analysts. On February 3, Truist Securities reaffirmed a Buy rating for Palantir Technologies Inc. (NASDAQ:PLTR) with a $223 price target, highlighting the company’s solid performance as an “AI pure-play victor.” Palantir Technologies Inc. (NASDAQ:PLTR) reported its best quarter as a public company, with revenues rising for the tenth straight quarter to 70% year-over-year at an annual revenue scale of more than $4 billion.
According to Truist, this momentum shows that Palantir Technologies Inc. (NASDAQ:PLTR) has enabled large-scale artificial intelligence adoption for its customers, resulting in noticeable results for the company. In this context, the firm significantly raised its 2026 revenue and free cash flow expectations by over $1 billion each, with both now above Palantir’s forecast ranges.
Palantir Technologies Inc. (NASDAQ:PLTR) is a software company that builds platforms such as Gotham and Foundry that help governments and businesses integrate, analyze, and act on large datasets using AI and machine learning, supporting sectors ranging from defense to healthcare, finance, and automotive.
2. Roblox Corporation (NYSE:RBLX)
Analyst Upside: 64.80%
Number of Hedge Fund Holders: 90
Roblox Corporation (NYSE:RBLX) ranks among the best innovative stocks to buy according to Wall Street analysts. On February 9, BMO Capital reaffirmed its Outperform rating and $160 price target for Roblox Corporation (NYSE:RBLX), citing the popularity of a new game on the platform. The new game “Survive LAVA for Brainrots!” debuted on January 30 and has already accumulated 60 million total visits.
Although the game’s predecessor, “Escape Tsunami for Brainrots!”, seems to have peaked on January 24 with 161 million daily visits, BMO was encouraged by the steady stream of new Brainrot-themed games, indicating that this IP is emerging as a platform staple.
With bookings up 63% to $2.2 billion and 144 million daily active users, the company also had an impressive fourth quarter. This was attributed to the gaming platform’s international development, especially in Asia, which drove triple-digit growth in key emerging markets.
Roblox Corporation (NYSE:RBLX) is an interactive entertainment company. It operates an immersive platform that enables users to create, share, and experience 3D virtual worlds and games.
1. Shopify Inc. (NASDAQ:SHOP)
Analyst Upside: 47.86%
Number of Hedge Fund Holders: 91
Shopify Inc. (NASDAQ:SHOP) ranks among the best innovative stocks to buy according to Wall Street analysts. On February 11, Stifel lowered its price target for Shopify Inc. (NASDAQ:SHOP) to $115 from $175 while retaining a Hold rating on the company’s shares. The revision follows Shopify’s recent Q4 2025 quarterly report, which revealed solid performance and a positive top-line forecast, driven by enterprise and international growth and Payments adoption.
The firm highlighted Shopify’s strengthening position in agentic commerce, noting that orders from AI searches on Shopify stores have grown 15-fold since January of last year.
Meanwhile, DA Davidson maintained its Buy rating and $195 price target for Shopify Inc. (NASDAQ:SHOP), describing it as a category leader in e-commerce with significant global reach, bolstered by continuous use of agentic commerce features.
After opening 8% higher on results day, Shopify Inc. (NASDAQ:SHOP) shares fell around 12% by midday trading, which DA Davidson attributed to the continued “SaaS-Pocalypse” and lower-than-anticipated first-quarter 2026 free cash flow expectations. That said, the firm considers the pullback as a buying opportunity.
Shopify Inc. (NASDAQ:SHOP) is a global commerce company that provides tools and software for businesses to sell products online, in stores, and through social media or marketplaces.
While we acknowledge the potential of SHOP 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 SHOP and that has 100x upside potential, check out our report about this cheapest AI stock.
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