In this article, we will take a look at the 10 Most Volatile Stocks to Buy in S&P 500. For a deeper discussion and analysis, please refer to the 10 Most Volatile Stocks to Buy in S&P 500.
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5. Western Digital Corporation (NASDAQ:WDC)
Beta Value (5Y Monthly): 2.20
Western Digital Corporation (NASDAQ:WDC) develops, manufactures, and sells data storage devices and solutions based on hard disk drive (HDD) technology.
On June 1, Wells Fargo analyst Aaron Rakers bumped up the firm’s price target on Western Digital Corporation (NASDAQ:WDC) from $500 to $575, while maintaining an ‘Overweight’ rating on the shares. The target boost indicates an upside of over 12% from the current levels.
The move comes following discussions held during Wells Fargo’s recent 4th Annual Silicon Valley Bus Tour. According to the analyst firm, participants consistently expressed optimism regarding the demand trends, citing the massive AI data center build-outs and the growing adoption of AI inferencing and agentic AI, which are significantly adding to the server CPU demand and memory requirements.
Wells Fargo believes that memory supply constraints are likely to continue through the next year, with conditions beyond that still to be determined. The firm highlighted that economies of scale remain a key competitive advantage for companies operating in this sector.
4. Carnival Corporation Ltd. (NYSE:CCL)
Beta Value (5Y Monthly): 2.33
Carnival Corporation Ltd. (NYSE:CCL) provides unparalleled cruise vacations through a world-class portfolio of cruise lines and a global fleet of more than 90 ships visiting over 800 ports and destinations around the world.
On June 3, Freedom Broker initiated coverage of Carnival Corporation Ltd. (NYSE:CCL) with a ‘Buy’ rating and a price target of $35, indicating an upside of over 27% from the current levels.
The analyst firm believes that the cruise industry is going through a “rare” favorable combination of factors, including record demand, disciplined supply, and attractive valuations. While net yields across the sector remained above pre-pandemic levels last year, the cruise industry trades at a discount compared to its lodging peers.
According to Freedom Broker, this valuation gap is largely attributed to the current geopolitical risk, the soaring oil prices amid the Middle East tensions, and elevated leverage. However, the analyst does view these risks as significant enough to undermine its investment thesis.
On the other hand, Truist analyst C. Patrick Scholes turned slightly bearish on Carnival Corporation Ltd. (NYSE:CCL) on May 22 and lowered the firm’s price objective on the stock (read more details here).
3. Robinhood Markets, Inc. (NASDAQ:HOOD)
Beta Value (5Y Monthly): 2.35
Robinhood Markets, Inc. (NASDAQ:HOOD) is a global leader in financial services offering retail brokerage, crypto, advisory, digital banking services, and private markets access to a new generation of investors.
On June 5, Deutsche Bank analyst Brian Bedell raised the firm’s price target on Robinhood Markets, Inc. (NASDAQ:HOOD) from $88 to $98, while keeping a ‘Buy’ rating on the shares. The revised target represents an upside potential of almost 19% from the current levels.
Similarly, a day earlier on June 4, Goldman Sachs analyst James Yaro also upped the firm’s price target on Robinhood Markets, Inc. (NASDAQ:HOOD) from $95 to $105 and maintained a ‘Buy’ rating on the shares.
A compelling long-term bullish thesis for Robinhood Markets, Inc. (NASDAQ:HOOD) is that the company is well-positioned to capitalize on an estimated $124 trillion generational wealth transfer from baby boomers and older cohorts to millennials and Gen Z over the next twenty years. With 27 million funded accounts and $324 billion in platform assets, Robinhood caters to a new generation of investors who favor mobile-first, low-cost, and fully integrated financial ecosystems instead of legacy brokerage platforms.
2. Block, Inc. (NYSE:XYZ)
Beta Value (5Y Monthly): 2.55
Block, Inc. (NYSE:XYZ) builds ecosystems focused on commerce and financial products and services in the United States and internationally.
On June 1, Block, Inc. (NYSE:XYZ) was added to Goldman Sachs’ US Conviction List as part of the firm’s monthly update. The analyst expects the company to deliver an above-consensus earnings growth of 64% in the ongoing year. Goldman believes that Block will execute on its plans to attract more and “stickier” users to its platform.
Goldman maintains a ‘Buy’ rating on Block, Inc. (NYSE:XYZ) with a price objective of $95, indicating an upside of over 39% from the current levels.
Block, Inc. (NYSE:XYZ) exceeded expectations in its Q1 2026 report last month, driven primarily by the sharp growth in profits from the Cash App. Moreover, the company raised its full-year 2026 outlook as it continues to benefit from the resilient consumer spending and strong growth in its core businesses. The payment firm is now projecting its annual gross profit to be $12.33 billion in 2026, up from its previous forecast of $12.20 billion. The revised guidance indicates a growth of over 19% compared to last year.
1. Coinbase Global, Inc. (NASDAQ:COIN)
Beta Value (5Y Monthly): 3.32
Founded in 2012, Coinbase Global, Inc. (NASDAQ:COIN) is a digital currency wallet and platform where merchants and consumers can transact with new digital currencies.
On June 1, B. Riley trimmed its price target on Coinbase Global, Inc. (NASDAQ:COIN) from $243 to $203, but maintained its ‘Neutral’ rating on the shares. The lowered target, which still reflects an upside of over 33% from the current price level, comes amid a softer near-term revenue backdrop and revised earnings power estimates.
Coinbase Global, Inc. (NASDAQ:COIN) recorded a second consecutive quarter of losses and fell behind Wall Street estimates in its Q1 report last month. The soft performance was a result of crypto-driven market volatility that sapped the company’s trading volumes during a period of broad digital-asset selloff.
However, despite the market being down, Coinbase continued to gain market share globally and reached a new all-time high. Moreover, it is the largest distributor of USDC, with more than 25% of all USDC held in its products.
While we acknowledge the potential of COIN 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 COIN and that has 100x upside potential, check out our report about the cheapest AI stock.
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