In this article, we will look at the 8 Large Cap Stocks With More Than 50% Upside.
On October 8, Tom Kennedy, JPMorgan’s head of research and investment strategy, appeared on CNBC’s ‘Closing Bell’ to talk about where the equity markets are heading and whether the market is destined to go higher.
He stated the eighth day of the government shutdown saw a new all-time high in the S&P 500. According to him, the market is looking through and responding to all the new trends, including tariff news and the government shutdown.
READ ALSO: 10 Best Penny Stocks to Buy According to Hedge Funds and 14 Biotech Stocks with High Potential.
Kennedy added that interest rate volatility is at its lowest since before the 2022 Fed hiking cycle, and this could lead to M&A, IPO activity, and a rise in real estate transactions. The market has thus come a long way, and this could add more fuel to getting invested.
He further stated that he expects to see continued gains in the stock market, along with good performance from financial assets.
With these trends in view, let’s look at the best large cap stocks with more than 50% upside.
Our Methodology
We used stock screeners to make a list of the best large cap stocks with high analyst upside potential (more than 50%) and selected the top 8 with the highest number of hedge fund holders as of Q2 2025, sourcing the hedge fund sentiment data from Insider Monkey’s database. The list is sorted in ascending order of hedge fund sentiment.
Note: All data was sourced on October 15.
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).
8 Large Cap Stocks With More Than 50% Upside
8. JBS N.V. (NYSE:JBS)
Analyst Upside: 59.64%
Market Cap: $13.46 billion
Number of Hedge Fund Holders: 38
JBS N.V. (NYSE:JBS) is one of the best large cap stocks with more than 50% upside. On October 14, JPMorgan analyst Lucas Ferreira slashed the price target on JBS N.V. (NYSE:JBS) to $20 from $21 but kept an Overweight rating on the stock.
The firm stated that it sees the US chicken margin to be challenging for JBS N.V. (NYSE:JBS) in the near term after the 23.5% price drop from the recent peak. While it expects prices to drop after summer, better mortality and placements show that the industry is pumping higher-than-expected supply.
Barclays analyst Benjamin Theurer released a report on October 7, maintaining a Buy rating on JBS N.V. (NYSE:JBS). The analyst assigned JBS N.V. (NYSE:JBS) a price target of $22.
JBS N.V. (NYSE:JBS) is a food company that sells pork, beef, lamb meat, and poultry products. The company offers its products to club stores, supermarkets, other retail distributors, and foodservice companies.
7. On Holding AG (NYSE:ONON)
Analyst Upside: 57.24%
Market Cap: $13.77 billion
Number of Hedge Fund Holders: 42
On Holding AG (NYSE:ONON) is one of the best large cap stocks with more than 50% upside. On October 6, BofA analyst Thierry Cota slashed the price target on On Holding AG (NYSE:ONON) to $62 from $73 while maintaining a Buy rating on the stock.
The firm told investors that it expects 32% organic sales growth in fiscal Q3, as well as 21.5% in the “key” Americas region.
The analyst further stated that the risk perception on On Holding AG (NYSE:ONON) may rise, reasoning that if the company’s long-term outlook reflects team sports development, potentially presented at a CMD next year, it would be slower growth than running and come face to face with strong Nike and Adidas positions.
Cota thus reduced the price target on On Holding AG (NYSE:ONON) to take into account the risks associated with Nike and product diversification.
On Holding AG (NYSE:ONON) is involved in the development and distribution of sports products, including apparel, footwear, and accessories. The company sells its products across the globe through global distributors, independent retailers, an online presence, and its stores.
6. MicroStrategy Incorporated (NASDAQ:MSTR)
Analyst Upside: 94.90%
Market Cap: $85.25 billion
Number of Hedge Fund Holders: 45
MicroStrategy Incorporated (NASDAQ:MSTR) is one of the best large cap stocks with more than 50% upside. MicroStrategy Incorporated (NASDAQ:MSTR) received a rating update from Benchmark Co. analyst Mark Palmer on October 9, who reiterated a Buy rating on the stock while keeping the price target at $705.
The analyst supported the optimistic rating with the company’s solid market position and innovative approach, stating that MicroStrategy Incorporated (NASDAQ:MSTR) managed to establish its position as a leader in the digital asset treasury space.
Palmer added that MicroStrategy Incorporated (NASDAQ:MSTR) also has the largest corporate bitcoin treasury, allowing the company to create a new capital markets vertical with a focus on bitcoin-linked fixed income instruments, especially perpetual preferred shares.
MicroStrategy Incorporated (NASDAQ:MSTR) engages in the development of the Bitcoin network through its operations in technology, financial markets, and advocacy. It is the world’s largest corporate holder of Bitcoin.
5. Sprouts Farmers Market, Inc. (NASDAQ:SFM)
Analyst Upside: 61.97%
Market Cap: $10.86 billion
Number of Hedge Fund Holders: 54
Sprouts Farmers Market, Inc. (NASDAQ:SFM) is one of the best large cap stocks with more than 50% upside. On October 3, Evercore ISI slashed the price target on Sprouts Farmers Market, Inc. (NASDAQ:SFM) to $170 from $190, keeping an Outperform rating on the shares.
The firm told investors that its recent meeting with the company’s leadership reflected a “solid” multi-year growth plan along with “an attractive entry point”. However, it added that the firm trimmed its base case target because of the rising competition and slowing comps.
Sprouts Farmers Market, Inc. (NASDAQ:SFM) is a specialty natural and organic food retailer that offers a specialty grocery experience. Its products are made of organic, plant-based, gluten-free, and similar lifestyle-friendly ingredients. The company operates around 407 stores in 23 states.
4. Atlassian Corporation (NASDAQ:TEAM)
Analyst Upside: 53.48%
Market Cap: $41.02 billion
Number of Hedge Fund Holders: 64
Atlassian Corporation (NASDAQ:TEAM) is one of the best large cap stocks with more than 50% upside. In a report released on October 7, Mizuho Securities analyst Gregg Moskowitz maintained a Buy rating on Atlassian Corporation (NASDAQ:TEAM) and set a price target of $235.
In other news, Atlassian Corporation (NASDAQ:TEAM) announced on September 18 that it entered into a definitive agreement for the acquisition of DX, which is a leader in engineering intelligence.
DX and Atlassian Corporation (NASDAQ:TEAM) would collaborate to empower enterprises to gain an understanding of how their AI investments help engineering teams to improve and accelerate their work.
Atlassian Corporation (NASDAQ:TEAM) provides team collaboration and productivity software, offering products such as Jira Software, Confluence, Jira Service Management, and Loom.
3. SharkNinja, Inc. (NYSE:SN)
Analyst Upside: 48%
Market Cap: $12.90 billion
Number of Hedge Fund Holders: 65
SharkNinja, Inc. (NYSE:SN) is one of the best large cap stocks with more than 50% upside. On September 30, JPMorgan slashed the price target on SharkNinja, Inc. (NYSE:SN) to $136 from $142, keeping an overweight rating on the shares.
The rating update came after the firm’s meeting with the company’s management, which stated that retailers are continually adopting a cautious stance on inventory.
When coupled with an earlier Amazon Prime Day, this may result in SharkNinja, Inc.’s (NYSE:SN) Q3 sales growth trends to fall in the low double digits, according to the analyst.
As a result, JPMorgan expects SharkNinja, Inc.’s (NYSE:SN) Q3 sales growth to be 11.1% compared to previous guidance of 13.5%. The firm continues to believe that the company is well positioned for the holiday season.
Previously, On September 23, Bank of America Securities analyst Alexander Perry expressed bullish sentiments for SharkNinja, Inc. (NYSE:SN), setting a price target of $140. The analyst based the Buy rating on the company’s strategic initiatives and strong growth potential.
SharkNinja, Inc. (NYSE:SN) is a global technology and product design company with a portfolio spanning 31 household subcategories. It offers products across cleaning, food separation, cooking, home environment, and various other categories. The company operates through the Shark and Ninja brand assortments. The Shark brand offers a diverse assortment of categories, including robotic and handheld vacuums, steam mops, and dry/wet cleaning floor products. SharkNinja, Inc. (NYSE:SN) also offers beverage and cooking appliances such as coffee systems, air fryers, cookware, ovens, and much more.
2. QXO, Inc. (NYSE:QXO)
Analyst Upside: 53.61%
Market Cap: $13.15 billion
Number of Hedge Fund Holders: 65
QXO, Inc. (NYSE:QXO) is one of the best large cap stocks with more than 50% upside. Truist analyst Keith Hughes lowered the firm’s price target on QXO, Inc. (NYSE:QXO) to $28 from $30, while maintaining a bullish stance on the company.
The firm told investors that it updated its models to take into account the roofing volume weakness in recent months, citing weaker new construction and lack of strong storm activity as factors driving the downside.
Hughes further told investors in a research note that the firm has a growing sense that winter months would experience an inventory reduction in the channel, which may hurt production.
QXO, Inc. (NYSE:QXO) distributes roofing, waterproofing, and complementary building products in the United States. The company has plans to become a tech-enabled player in the building products distribution industry.
1. DraftKings Inc. (NASDAQ:DKNG)
Analyst Upside: 51.34%
Market Cap: $30.56 billion
Number of Hedge Fund Holders: 66
DraftKings Inc. (NASDAQ:DKNG) is one of the best large cap stocks with more than 50% upside. DraftKings Inc. (NASDAQ:DKNG) received a rating update from Berenberg analyst Jack Cummins on October 9, who upgraded the stock to a Buy from Hold while reducing the price target to $43 from $45.
The analyst told investors in a research note that opportunities are arising due to the volatility of prediction markets and share price drops of companies that operate in gambling.
Berenberg thus upgraded DraftKings Inc. (NASDAQ:DKNG) on valuation after the recent selloff.
DraftKings Inc. (NASDAQ:DKNG) is a digital sports entertainment and gaming company that provides online casino, online sports betting, retail sportsbook, daily fantasy sports product offerings, media, and other consumer product offerings.
While we acknowledge the potential of DKNG 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 DKNG and that has 100x upside potential, check out our report about this cheapest AI stock.
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