In this article, we will list the 5 Best NASDAQ Stocks with the Highest Upside Potential. Please visit 10 Best NASDAQ Stocks with the Highest Upside Potential to see the extended list and the methodology behind it.
5. Palantir Technologies Inc. (NASDAQ:PLTR)
Average Upside Potential: 40.16%
Palantir Technologies Inc. (NASDAQ:PLTR) is one of the best NASDAQ stocks with the highest upside potential. On April 22, the US Department of Agriculture/USDA and Palantir Technologies entered into a $300 million Blanket Purchase Agreement/BPA to advance the National Farm Security Action Plan/NFSAP. This partnership is designed to modernize the USDA’s service delivery by providing government field staff and farmers with sophisticated operational software.
The agreement underscores a federal commitment to strengthening the national food supply through improved data visibility and operational speed. The new contract builds upon Palantir’s established Landmark platform, which has already begun transforming how farmers interact with the government. Specifically, the software enables a “One Farmer, One File” initiative, allowing for a more cohesive and efficient management of agricultural data.
Currently, the Landmark platform is being used to digitize the acreage reporting process, replacing traditional methods with self-service digital tools that simplify compliance for American farmers. By using Palantir Technologies Inc.’s (NASDAQ:PLTR) data integration capabilities, the USDA aims to create a more resilient and responsive agricultural infrastructure. The five-year agreement is expected to provide the necessary technological foundation to safeguard the food supply while ensuring that farmers receive faster and more accurate support from federal agencies.
Palantir Technologies Inc. (NASDAQ:PLTR) is a software company that develops and deploys data integration and analytics platforms for government agencies, defense organizations, and enterprise clients. Its notable products include Palantir Gotham, Foundry, and Apollo.
4. AppLovin Corporation (NASDAQ:APP)
Average Upside Potential: 47.18%
AppLovin Corporation (NASDAQ:APP) is one of the best NASDAQ stocks with the highest upside potential. On April 7, AppLovin announced a series of leadership succession plans and board changes aimed at supporting the company’s next phase of strategic execution. A key highlight is the appointment of Craig Billings as the new independent Chairperson of the Board of Directors, a role he transitions into after serving as Lead Independent Director. This move allows Co-Founder and CEO Adam Foroughi to step down from the Chairperson position to focus exclusively on his responsibilities as CEO.
The executive management team will see significant changes in the technical and legal departments starting in mid-2026. Giovanni Ge, the current Chief Product & Engineering Officer who led the development of Axon 2.0, is set to become the next Chief Technology Officer on July 1. He succeeds Basil Shikin, a ten-year veteran of the role, who will transition into a position as Distinguished Engineer. On the legal side, Corina Cacovean will be elevated to Chief Legal Officer on August 1, following the retirement of Victoria Valenzuela, who has served as Chief Administrative & Legal Officer.
The company is also reshuffling its Board of Directors in conjunction with these management shifts. Victoria Valenzuela is expected to be nominated for a director seat at the 2026 Annual Meeting of Stockholders following her retirement from her executive role. Additionally, AppLovin Corporation (NASDAQ:APP) announced that director Alyssa Harvey Dawson will not stand for re-election this year.
AppLovin Corporation (NASDAQ:APP) is a technology company that provides AI-powered software solutions designed to help businesses, primarily mobile app developers, grow by acquiring users and monetizing their apps.
3. Strategy Inc. (NASDAQ:MSTR)
Average Upside Potential: 48.90%
Strategy Inc. (NASDAQ:MSTR) is one of the best NASDAQ stocks with the highest upside potential. On April 20, Strategy executed its largest Bitcoin acquisition since late 2024, purchasing $2.54 billion of the cryptocurrency during the week ended April 19. This aggressive buy was primarily funded by the sale of $2.18 billion in “Stretch”/STRC perpetual preferred shares, with the remaining balance covered by common stock sales. This move brings Strategy’s total Bitcoin holdings to ~$61 billion.
The company’s shift toward preferred shares marks a strategic pivot to address growing concerns over shareholder dilution. Historically, Strategy relied on common stock sales to use the premium between its share price and its Bitcoin holdings. However, with that premium evaporating following Bitcoin’s decline from its October record highs, the company debuted variable-rate preferred issues to diversify its funding sources. While these preferred shares avoid immediate dilution, they carry a significant 11.5% dividend, adding to the firm’s debt burden.
To manage this burden and maintain investor interest, Strategy Inc. (NASDAQ:MSTR) proposed switching to a semi-monthly dividend for STRC shares to help them trade at par and attract retail buyers. This financial maneuvering comes as Bitcoin shows signs of recovery, recently touching a two-month high near $78,000. Despite a 30% rally in Strategy’s stock last week, the shares remain down about 48% over the past year, reflecting the ongoing volatility and defensive posture currently seen in the broader crypto markets.
Strategy Inc. (NASDAQ:MSTR) is a publicly traded U.S. technology and Bitcoin treasury company that offers AI‑powered enterprise analytics software while holding Bitcoin as its primary treasury asset, providing investors with diversified exposure and business intelligence solutions.
2. Cognizant Technology Solutions Corp. (NASDAQ:CTSH)
Average Upside Potential: 50.58%
Cognizant Technology Solutions Corp. (NASDAQ:CTSH) is one of the best NASDAQ stocks with the highest upside potential. On April 22, Cognizant launched Agentic Retail CX, a specialized AI-powered contact center solution developed in collaboration with Google Cloud and built on the Gemini Enterprise platform. The offering is designed to help retailers transition from experimental AI investments to measurable impacts by delivering seamless, omnichannel customer experiences.
By integrating agentic AI into live environments, the solution aims to provide faster resolutions and hyper-personalized recommendations, such as proactive outreach for promotions or abandoned shopping carts. The platform achieves a significant self-service containment rate of 70% to 85%, which dramatically reduces operational costs while improving employee productivity. This efficiency is driven by Google Cloud’s conversational intelligence, which assists human agents by providing real-time insights and smarter assistance.
Early adopters, such as the online grocer Ocado Retail, have already utilized these capabilities to redefine their customer engagement and simplify user journeys across various digital touchpoints. This launch follows the establishment of a dedicated Gemini Enterprise Practice between Cognizant and Google Cloud, further solidifying Cognizant’s status as a Google Cloud Diamond partner.
Cognizant Technology Solutions Corp. (NASDAQ:CTSH) provides IT, consulting, and business process outsourcing services. The company’s services include AI, application services, business process services, core modernization, and cloud solutions.
1. Atlassian Corporation (NASDAQ:TEAM)
Average Upside Potential: 81.69%
Atlassian Corporation (NASDAQ:TEAM) is one of the best NASDAQ stocks with the highest upside potential. On April 22, Atlassian and Google Cloud announced the next phase of their multi-year partnership, focused on integrating advanced AI capabilities to enhance teamwork through Atlassian’s Rovo and Google’s Gemini models. Following Atlassian’s recognition as a 2026 Google Cloud Partner of the Year, the collaboration aims to co-engineer infrastructure that supports agentic workflows.
By using Google Kubernetes Engine and AI Hypercomputer infrastructure, Atlassian Corporation (NASDAQ:TEAM) is optimizing training and inference workloads to improve scale and agility across its software suite. A key highlight of the partnership is the integration of Gemini 3 Flash into Rovo. This model enhances Rovo’s ability to handle complex reasoning and multimodal tasks, such as the Remix feature in Confluence, which converts text documentation into high-fidelity diagrams and charts.
This open, multi-model strategy ensures that enterprise customers have access to the most efficient LLMs while maintaining the flexibility to choose the best tool for specific project use cases. The partnership also introduces deep, cross-platform integrations to create unified workflows between Atlassian tools and Google Workspace. Through the Atlassian Rovo MCP server, users can now pull Jira data directly into Gmail or Google Docs and access Rovo context within Gemini Enterprise.
Atlassian Corporation (NASDAQ:TEAM) is a software-as-a-service company that focuses on team collaboration and productivity software such as Jira, Confluence, and Loom.
While we acknowledge the potential of TEAM 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 TEAM and that has 100x upside potential, check out our report about the cheapest AI stock.
READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years.
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 funds’ investor letters by entering your email address below.
