On October 23, Chris Grisanti, chief market strategist and senior managing director at MAI Capital Management, joined CNBC’s ‘Power Lunch’ to discuss market outlooks and suggest that the current bull market could last for years. Grisanti said that the current market dynamic is stressful because many investors, who have large gains in just a few names, are feeling nervous. This nervousness comes from the fact that valuations are the second-highest they have been in a hundred years. This situation presents a dilemma: the market appears strong with momentum, good reasons to invest, AI capital spending, the one big beautiful bill, and good early earnings, yet high valuations persist. Grisanti proposed a three-step plan for investors, echoing the Always Be Closing mantra from the film Glengarry Glen Ross, with a rule to Always Be Invested.
One of the steps is to stay invested. The expert stressed that valuation is a terrible timing mechanism; although the market is expensive, it can remain so for years. He referenced managing money during the internet boom, noting 5 years where the market was considered very expensive, and although the boom eventually ended, investors would have lost 4 out of 5 good years by prematurely exiting. Another step is to trim your winners. He suggested that most investors likely have outsized positions in the usual suspects, like companies in the MAG7, which are great but need to be reduced back to a more normal percentage of the portfolio. The capital freed up should then be shifted toward less expensive areas, with the two favorite areas being healthcare and REITs. Additionally, Grisanti loves to buy stocks with a known bad news list because that bad news is already factored into the market and the stock price.
That being said, we’re here with a list of the 20 stocks that should double in 3 years.
Our Methodology
We sifted through financial media reports to compile a list of the top 20 stocks that should double in 3 years. We then picked the stocks that were the most popular among hedge funds and analysts. The stocks are ranked in ascending order of the number of hedge funds that have stakes in them, as of Q2 2025. The hedge fund data was sourced from Insider Monkey’s database which tracks the moves of over 1000 elite money managers.
Note: All data was sourced on October 24.
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).
20 Stocks That Should Double in 3 Years
20. Opendoor Technologies Inc. (NASDAQ:OPEN)
Number of Hedge Fund Holders: 21
Opendoor Technologies Inc. (NASDAQ:OPEN) is one of the stocks that should double in 3 years. On October 20, Morgan Stanley analyst Matthew Cost raised the price target on Opendoor Technologies to $6 from $2 and kept an Equal Weight rating on the shares. This sentiment came ahead of the company’s Q3 2025 earnings report, as the firm remains positive that Opendoor will capitalize on its current momentum.
Morgan Stanley is prioritizing evidence of GPU-enabled revenue and returns to overshadow narratives and drive performance. This refers to the winner and loser narratives around Generative AI swirling ahead of Q3 earnings for the internet group.
Opendoor Technologies Inc. (NASDAQ:OPEN) operates a digital platform for residential real estate transactions in the US. It buys and sells homes.
19. Embraer (NYSE:ERJ)
Number of Hedge Fund Holders: 27
Embraer (NYSE:ERJ) is one of the stocks that should double in 3 years. On October 16, Bank of America raised the firm’s price target on Embraer to $70 from $65 and maintained a Buy rating on the shares after attending the company’s 2025 investor day. The firm noted that the company’s supply chain and production management are in focus as Embraer executes on its record backlog and new wins.
Earlier on October 15, Citi analyst Stephen Trent raised the price target on Embraer to $70 from $59 and kept a Buy rating on the shares following the investor day as well. The company’s orders over the last 18 months and its financial results have both been solid.
Embraer (NYSE:ERJ), together with its subsidiaries, designs, develops, manufactures, and sells aircraft and systems worldwide. The company operates through Commercial Aviation, Defense & Security, Executive Aviation, Services & Support, and Other segments.
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