In this article, we will take a look at the 7 Most Active Mid-Cap Stocks to Invest In.
On March 27, US markets took another decline, with the Dow Jones Industrial Average officially entering correction territory, a move triggered by climbing oil prices. The Nasdaq Composite didn’t fare any better, dropping 2.1% and sinking further into correction territory, a victim of a broad tech stock sell-off. The S&P 500 also saw a decline of approximately 1.7%, which signaled its longest losing streak since 2022, with losses now stretching into a fifth straight week.
Markets continue to be closely connected to oil price swings, with volatility driven primarily by shifting headlines and geopolitical uncertainties. Liz Ann Sonders, Chief Investment Strategist at Charles Schwab, appeared on CNBC’s ‘Closing Bell’ on March 26 and highlighted that the inverse relationship between oil prices and equities remains unchanged, stating that “we’re still very much at the mercy of oil.” She identified an unbalanced dynamic at work: if the conflict continues, oil prices may rise, but any resolution could result in a sudden drop, potentially giving equities a quick boost.
However, given the current state of the market, Jill Carey Hall, head of U.S. Small and Mid-Cap Strategy at BofA Securities, predicts that small- and mid-cap stocks will beat mega-cap companies this year due to a change in leadership and a recovery in earnings. Despite over a decade of underperformance in comparison to large caps, Hall clarified in an interview with CNBC that the small-cap market is still in the early stages of a possible bull run.
Hall identified a number of cyclical tailwinds, such as peak globalization, manufacturing reshoring, and a CapEx cycle in the US, that might help domestic small and mid-cap firms.
Our Methodology
For this list, we used stock screeners to identify mid-cap stocks with the highest 3-month average volume. These stocks are widely held by hedge funds and followed by analysts.
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 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
7. Aurora Innovation (NASDAQ:AUR)
Aurora Innovation (NASDAQ:AUR) ranks among the most active mid-cap stocks to invest in. On March 5, Aurora Innovation (NASDAQ:AUR) outlined its strategy at the Morgan Stanley Technology, Media, and Telecom Conference 2026, emphasizing rapid improvements in autonomous trucking and prospects for large-scale deployment.
The company expects to generate $80 million in revenue by the end of 2026, with breakeven gross margins and positive free cash flow by 2028. Aurora Innovation (NASDAQ:AUR) boasts a robust balance sheet, with $1.5 billion in capital to support growth.
Aurora Innovation (NASDAQ:AUR) has already begun driverless truck operations, with intentions to expand to hundreds of vehicles across the Southern US by 2026. Its second-generation hardware is projected to reduce costs by 50% and triple resilience, resulting in better unit economics. In addition, the company is expanding through partnerships with Roush Industries and Detmar Logistics, as well as exploring adjacent markets such as ride-hailing and deliveries.
Aurora Innovation (NASDAQ:AUR) is a self-driving technology company. It develops and operates Aurora Driver, which is an integrated self-driving platform for freight trucks and commercial vehicles.
6. Dutch Bros Inc. (NYSE:BROS)
Dutch Bros Inc. (NYSE:BROS) ranks among the most active mid-cap stocks to invest in. On March 9, Piper Sandler decreased its price target on Dutch Bros Inc. (NYSE:BROS) from $63 to $59 while keeping a Neutral rating on the company’s shares. The firm noted the company’s distinct development approach as an indicator of prospective financial leverage and unique risk that is not shared by some of its casual unit growth counterparts.
According to analyst Brian Mullan, Dutch Bros Inc. (NYSE:BROS) is down about 16% year-to-date despite delivering solid earnings and providing optimistic projections. The company announced adjusted earnings per share of $0.17, which far exceeded the forecast of $0.09. The company’s revenue for the quarter came in at $444 million, which exceeded projections of $423.79 million.
On the same day, Wolfe Research began coverage of Dutch Bros Inc. (NYSE:BROS), assigning an Outperform rating and a $77 price target. According to the firm, Dutch Bros has numerous levers in place to maintain steady comparative sales momentum through 2026.
Dutch Bros Inc. (NYSE:BROS) is a U.S. drive‑through coffee chain serving coffee, energy drinks, and other beverages through company‑operated and franchised locations nationwide.
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5. Chewy Inc. (NYSE:CHWY)
Chewy Inc. (NYSE:CHWY) ranks among the most active mid-cap stocks to invest in. Following the company’s fiscal 2025 results, Jefferies reaffirmed a Hold rating and a $41 price target for Chewy Inc. (NYSE:CHWY) on March 25. The firm viewed the quarter as a strong end to fiscal 2025, with margin progress remaining a key metric.
The company reported adjusted earnings per share of $0.27 in the fourth quarter, exceeding analyst expectations of $0.09 by $0.18. Revenue totaled $3.26 billion, matching analyst projections and indicating an 8.1% rise on a normalized 13-week basis over the previous year period.
Chewy Inc. (NYSE:CHWY) reported net sales of $12.60 billion for the fiscal year 2025, representing an 8.3% increase on a normalized 52-week basis. Meanwhile, adjusted EBITDA came in at $719.2 million, up $148.7 million year-over-year, with the adjusted EBITDA margin increasing 90 basis points to 5.7%.
Chewy Inc. (NYSE:CHWY), together with its subsidiaries, operates an e-commerce business in the US. It offers pet food & treats, pet supplies & medications, and other pet health products & services.
4. MP Materials Corp (NYSE:MP)
MP Materials Corp (NYSE:MP) ranks among the most active mid-cap stocks to invest in. On March 10, DA Davidson reaffirmed its Buy rating on MP Materials Corp (NYSE:MP), with a price target of $82. Following further study of MP Materials’ fourth-quarter 2025 performance, the firm upgraded its 2026 and 2027 predictions.
MP Materials Corp (NYSE:MP) posted earnings per share of $0.09, much higher than consensus expectations of $0.02. Despite this positive earnings surprise, the company reported $52.69 million in revenue, 41.41% lower than the predicted $89.93 million.
DA Davidson boosted its price estimates while revamping its oxide production and sales forecasts, as well as its power purchase agreement estimates. According to the firm, the production of neodymium-praseodymium oxide is gradually increasing, as is the concentrate output. In that regard, MP Materials Corp (NYSE:MP) made solid headway toward increasing magnetics manufacturing, creating its first magnets on commercial-scale machinery during the quarter.
MP Materials Corp (NYSE:MP) is a US company focused on producing rare-earth materials. It operates in materials and magnetic segments. Its products are used in areas like defense systems, clean energy technologies, electric vehicles, and robotics.
3. Oklo Inc. (NYSE:OKLO)
Oklo Inc. (NYSE:OKLO) ranks among the most active mid-cap stocks to invest in. On March 18, Craig-Hallum reduced its price target for Oklo Inc. (NYSE:OKLO) to $71 from $87 while keeping a Hold rating on the company’s shares. The firm mentioned the company’s vertically integrated infrastructure, which includes power generation, fuel procurement, recycling, deconversion, and isotopes.
In addition to securing a prepayment-for-power arrangement with Meta for a proposed Aurora Powerhouse facility in Ohio, the company is moving forward with its Aurora project at Idaho National Laboratory under the Department of Energy’s Risk Reduction Pilot Program.
Craig-Hallum adjusted its future estimates to include higher operating expenses, higher capital expenditures, and revised assumptions about future capital requirements and timing. The firm omitted estimated isotope income in 2026, which is likely to be less than $5 million, from its forecast until more clarification on timing arrives.
Oklo Inc. (NYSE:OKLO) is an advanced nuclear technology company developing fast fission power plants, isotope production capabilities, and nuclear fuel recycling technologies.
2. Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)
Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) ranks among the most active mid-cap stocks to invest in. On March 19, Stifel cut its price target for Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) to $28 from $30 while retaining a Buy rating on the company’s shares. The firm recently held discussions with Norwegian Cruise CEO John Chidsey, CFO Mark Kempa, and Investor Relations Head Sarah Inmon.
Analyst Steven Wieczynski stated that Chidsey and activist fund Elliott Management have a solid professional connection. Both sides agree that adjustments must be made throughout the company to remedy the mistakes made by the previous management.
Meanwhile, UBS also reaffirmed its Neutral rating and $27 price target for Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) on March 10. According to UBS analyst Robin Farley, the company finished phase one of an enhanced revenue management system in late 2025 and went live with it in January 2026.
Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) operates cruise services under brands such as Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. It offers leisure travel across global destinations.
1. DocuSign Inc. (NASDAQ:DOCU)
DocuSign Inc. (NASDAQ:DOCU) ranks among the most active mid-cap stocks to invest in. On March 18, Piper Sandler reduced its price objective for DocuSign Inc. (NASDAQ:DOCU) to $52 from $75 while keeping a Neutral rating on the company’s shares. The firm noted strong fourth-quarter earnings and projected increasing annual recurring revenue growth in the upcoming year.
DocuSign Inc. (NASDAQ:DOCU) posted profits per share of $1.01, exceeding expectations of $0.95. Meanwhile, the company’s revenue came in at $837 million, slightly higher than the expected $827.9 million. Piper Sandler stated that the company’s risk-reward profile remains fairly balanced until a more specific path to sustaining double-digit growth becomes clear, along with additional evidence of consistent execution.
The company’s fiscal 2027 projection also exceeded expectations, indicating a moderate acceleration in annual recurring revenue growth as Identity and Access Management increases to a targeted 18% mix by year-end.
DocuSign Inc. (NASDAQ:DOCU) provides an electronic signature and digital transaction management platform that enables businesses to prepare, sign, act on, and manage agreements electronically.
While we acknowledge the potential of DOCU 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 DOCU and that has 100x upside potential, check out our report about the cheapest AI stock.
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