5 Best Performing Small Cap Stocks So Far in 2026

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1. Tronox Holdings plc (NYSE:TROX)

Tronox Holdings plc (NYSE:TROX) is one of the best performing small cap stocks so far in 2026. Tronox Holdings plc (NYSE:TROX) received a rating update from Truist on April 28. The firm downgraded the stock to Sell from Hold, bringing the price target down to $8 from $9. It told investors that it still anticipates the company’s earnings to sequentially improve throughout 2026. However, Truist also sees potential for fiscal Q2 guidance to disappoint. The firm added that even when valuing shares on a “mid-cycle / normalized” basis, it believes implied upside is “relatively limited”.

Previously, Truist provided a rating update for Tronox Holdings plc (NYSE:TROX) on April 9. The firm downgraded the stock to Hold from Buy, but lifted the price target to $9 from $8. It told investors that the shares of covered TiO2 producers have seen considerable momentum year-to-date, adding that it sees increased risk that factors such as cost pressure and less favorable geographic mix could impact Tronox Holdings plc’s (NYSE:TROX) earnings and cash flows in the near term.

Tronox Holdings plc (NYSE:TROX) is involved in the mining and inorganic chemical business, with its products including Titanium Dioxide Mineral Sands. The company is involved in mining and processing zircon, titanium ore, and other minerals, along with manufacturing titanium dioxide pigments.

While we acknowledge the potential of TROX 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 TROX and that has 100x upside potential, check out our report about the cheapest AI stock.

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