In this article, we will discuss the 9 Best Upside Stocks to Buy According to Analysts.
On April 16, Fundstrat’s Tom Lee joins ‘Closing Bell’ to discuss what to expect from equity markets going forward. Lee argued that the stock market is currently in a superior position compared to earlier in the year when it reached its all-time high. He supported this by noting that the US market has proven resilient against surging oil prices that have negatively impacted other nations. Furthermore, he observed that rising earnings suggest the ongoing war is actually acting as an economic stimulant. Lee also pointed out that historical data on oil spikes indicates a smaller-than-expected impact on core inflation, leading him to believe the coming inflation shock will be less severe. Consequently, he maintained a base case for the market to reach 7,300 before any significant drawdown occurs.
Lee agreed with the characterization of the US as the ‘best house in a now more uncertain neighborhood,’ identifying the current situation as the seventh black swan event for investors since 2020. He emphasized that the US economy remains functional even as a Middle East catastrophe has resulted in closed straits and unavailable oil, conditions that are forcing shutdowns and factory closures in other countries. While acknowledging the existence of downside tail risks, Lee asserted that the size of these risks has shrunk. He also mentioned the possibility of positive tail risk, noting that a lasting ceasefire would render any economic shocks too brief to damage his primary base case.
Additionally, Lee confirmed that tech is expected to deliver the best earnings growth, while current valuations have become more attractive due to recent price declines. He described these companies as having true moats and a history of growing earnings faster than the S&P 500. He views these firms as primary winners in the AI sector. Lee suggests that buying these companies at a market multiple now will likely result in future investors being surprised by how cheaply they were available.
Our Methodology
We used screeners to identify stocks with an average upside potential of at least 50%, and limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also popular among analysts and elite hedge funds.
Note: All data was sourced on April 21.
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).
9 Best Upside Stocks to Buy According to Analysts
9. Klaviyo Inc. (NYSE:KVYO)
Average Upside Potential: 52.63%
Klaviyo Inc. (NYSE:KVYO) is one of the best upside stocks to buy according to analysts. On April 16, Klaviyo and Canva announced an expanded integration designed to streamline the creative process for marketers. This deepened partnership allows users to design full campaign layouts within Canva and import them directly into Klaviyo’s autonomous B2C CRM. By connecting design assets with customer data, the integration helps brands move from initial concept to campaign execution more efficiently.
The update builds on a successful two-year partnership, with the Canva integration currently among the fastest-growing in Klaviyo’s ecosystem. More than 20% of Klaviyo’s customer base already uses the connection between the two platforms. The new capabilities focus on eliminating the need to rebuild assets from scratch, allowing teams to refine and personalize visual content using Klaviyo’s segmentation and automation tools.
By bridging the gap between creative and marketing workflows, the collaboration helps teams maintain brand consistency while delivering personalized customer experiences. Klaviyo Inc. will also see increased visibility within the Canva interface to encourage easier discovery and design exports.
Klaviyo Inc. delivers an AI-first SaaS platform for B2C clients that supports customer relationship management. The platform enables data storage, campaigns, marketing automation, and analytics. It also enables customer service integration and omnichannel marketing tools, such as email, SMS, and WhatsApp campaigns.
8. Churchill Downs Incorporated (NASDAQ:CHDN)
Average Upside Potential: 53.02%
Churchill Downs Incorporated (NASDAQ:CHDN) is one of the best upside stocks to buy according to analysts. On April 21, Churchill Downs, or simply CDI, entered into a definitive agreement to acquire the intellectual property rights for the Preakness Stakes and the Black-Eyed Susan Stakes from 1/ST Maryland LLC. The purchase price is set at $85 million and includes all trademarks and associated rights. This transaction is expected to close following the running of the 2026 Preakness Stakes, with funding provided by CDI’s cash on hand and existing credit facilities.
Following the acquisition, Churchill Downs Incorporated will enter into an exclusive license agreement with the State of Maryland. This arrangement allows the state to continue conducting these historic races in exchange for an annual fee paid to CDI. The Preakness Stakes, established in 1873, serves as the second leg of the Triple Crown, while the Black-Eyed Susan remains a premier event for three-year-old fillies held annually at Pimlico Race Course.
The move aligns with CDI’s broader strategy to invest in elite Thoroughbred racing assets with high growth potential. CEO Bill Carstanjen emphasized that keeping the brand ownership within the racing industry supports the ongoing redevelopment of Pimlico. The company aims to maximize the commercial and entertainment value of these iconic sports brands within the Triple Crown framework and the wider sports landscape.
Churchill Downs Incorporated is a racing, online wagering, and gaming entertainment company. It is anchored by its flagship event, the Kentucky Derby. The company operates through three segments: Live and Historical Racing, Wagering Services and Solutions, and Gaming.
7. Snowflake Inc. (NYSE:SNOW)
Average Upside Potential: 55.79%
Snowflake Inc. (NYSE:SNOW) is one of the best upside stocks to buy according to analysts. On April 21, Snowflake announced major updates to Snowflake Intelligence and Cortex Code, positioning the platform as the central control plane for the agentic enterprise. These enhancements allow business users and developers to transition from simply querying data to deploying AI agents that can take autonomous action across various systems.
By integrating deep research capabilities and multi-step reasoning, Snowflake Inc. aims to help organizations move AI from the experimental phase into full-scale production within a unified, governed environment. Snowflake Intelligence has evolved into a personalized work agent that learns individual user workflows and preferences over time to automate routine tasks. It now features expanded connectivity through Model Context Protocol/MCP connectors, allowing it to interact directly with tools like Salesforce, Slack, and Google Workspace.
Additionally, a forthcoming mobile app and Artifacts feature will enable users to access insights on the go and share reusable analyses and workflows across their teams. For builders, Cortex Code expanded its support to include external data systems such as AWS Glue and Databricks, alongside new integrations for VS Code and Claude Code. A new Agent SDK and Cloud Agents in Snowsight allow developers to build, orchestrate, and execute AI-powered code directly in the browser or preferred local environments.
Snowflake Inc. provides a cloud-based data platform that helps organizations store, manage, and share data across multiple public clouds. Its platform, called the Snowflake Data Cloud, supports diverse workloads including data engineering, analytics, machine learning, and secure collaboration.
6. Eldorado Gold Corp. (NYSE:EGO)
Average Upside Potential: 56.24%
Eldorado Gold Corp. (NYSE:EGO) is one of the best upside stocks to buy according to analysts. On April 14, Eldorado Gold finalized its acquisition of Foran Mining Corporation through a court-approved plan of arrangement. With this closing, Foran has become a wholly-owned subsidiary, and Eldorado plans to delist Foran’s shares from the TSX and OTCQX while terminating its status as a public reporting issuer.
Former registered shareholders are required to submit a letter of transmittal to receive their transaction consideration, while those holding shares through intermediaries should contact their nominees for instructions. The acquisition centers on the McIlvenna Bay project, a high-quality, long-life asset located in eastern Saskatchewan within the Flin Flon Greenstone Belt. This project provides Eldorado Gold Corp. with significant exposure to copper, a critical mineral, and includes the McIlvenna Bay Deposit and the Tesla Zone.
Eldorado has committed to advancing the McIlvenna Bay project responsibly, working within the traditional territory of the Peter Ballantyne Cree Nation. The company intends to use its expertise in gold and base metals to develop the site into a central mining camp for the district. By integrating Foran’s operations, Eldorado aims to enhance the long-term resilience of its asset base.
Eldorado Gold Corp. is involved in mining, researching, developing, and selling various mineral products. Its portfolio is concentrated on gold along with silver, lead, and zinc. The company owns all the mines it operates across its key regions, which include Turkey, Greece, and Canada.
5. Praxis Precision Medicines Inc. (NASDAQ:PRAX)
Average Upside Potential: 59.90%
Praxis Precision Medicines Inc. (NASDAQ:PRAX) is one of the best upside stocks to buy according to analysts. On April 14, Praxis Precision Medicines announced that the US FDA accepted its NDA for ulixacaltamide HCl. This treatment is intended for adults living with essential tremor/ET, a central nervous system condition. The FDA has established a Prescription Drug User Fee Act/PDUFA target action date of January 29, 2027, and currently does not anticipate holding an advisory committee meeting as part of the review process.
The application is supported by data from the Essential3 Phase 3 program, which included two pivotal studies demonstrating statistically and clinically significant results. Throughout these trials, ulixacaltamide was generally well tolerated, maintaining a safety profile consistent with earlier research and reporting no drug-related serious adverse events. This regulatory milestone follows the FDA’s decision to grant the therapy Breakthrough Therapy Designation in December 2025.
Ulixacaltamide is a selective small molecule inhibitor designed to target T-type calcium channels to block abnormal neuronal firing associated with tremor activity. As the leading program in the company’s Cerebrum small molecule platform, it represents a precision neuroscience approach to treating ET. Praxis Precision Medicines Inc. is now focusing on the review process and preparing for a potential commercial launch to provide a therapy developed specifically for this patient population.
Praxis Precision Medicines Inc. is a clinical-stage biopharmaceutical company engaging in the development of therapies for central nervous system disorders characterized by neuronal excitation-inhibition imbalance.
4. ServiceNow Inc. (NYSE:NOW)
Average Upside Potential: 62.68%
ServiceNow Inc. (NYSE:NOW) is one of the best upside stocks to buy according to analysts. On April 20, ServiceNow completed its $7.75 billion cash acquisition of Armis, a leader in cyber exposure management. This move extends ServiceNow’s security capabilities into the physical and operational layers of the enterprise, covering IT, OT, IoT, and medical devices.
By integrating Armis’ real-time asset intelligence with its existing platform, ServiceNow Inc. aims to provide a unified AI control tower that bridges the gap between detecting vulnerabilities and executing automated remediation. This acquisition follows the March purchase of Veza, which brought AI-native identity intelligence to the ServiceNow platform. Together, Armis and Veza allow organizations to secure the expanding attack surface created by agentic AI, mapping every connected asset and identity permission.
The combination of these tools powers ServiceNow’s Context Engine, allowing the platform to prioritize risks automatically and execute autonomous, auditable workflows that align with specific business realities. To lead the transition toward autonomous security, ServiceNow is establishing a global AI Center for Cyber Defense. This hub will focus on developing AI-native security stacks to neutralize threats before they occur, helping organizations move away from reactive legacy frameworks.
ServiceNow Inc. provides cloud-based and AI-embedded end-to-end workflow automation solutions for enterprises. The company is located in Santa Clara, California, and was founded in June 2004 by Frederic B. Luddy.
3. EquipmentShare.com Inc. (NASDAQ:EQPT)
Average Upside Potential: 66.45%
EquipmentShare.com Inc. (NASDAQ:EQPT) is one of the best upside stocks to buy according to analysts. On March 18, EquipmentShare reported strong financial growth for 2025, marked by a 34% increase in Rental Segment revenue to $2.7 billion. Total revenue for the full year reached $4.379 billion, supported by significant customer demand and the aggressive expansion of the company’s physical footprint. During this milestone year, which included the company’s IPO, EquipmentShare opened 95 new locations, bringing its total operational count to 385 sites.
Profitability saw a sharp rise, with full-year net income climbing to $40 million, a significant jump from $3 million in 2024. Adjusted Core EBITDA also grew by 32% to $1.667 billion, driven by the maturation of existing rental sites and a 33% increase in the original equipment cost under management, which ended the year at $8.780 billion. Despite an 8% decrease in equipment sales due to selective participation in the OWN Program, the company remained oversubscribed across its investor channels.
For 2026, EquipmentShare.com Inc. expects a supportive industry backdrop driven by large-scale infrastructure, data center, and energy projects. The company’s guidance projects total revenue between $5.051 and $5.471 billion, with plans to reach up to 429 full-service rental locations. Management intends to use its T3 technology platform and AI capabilities to further improve jobsite efficiency and scale its capital-efficient growth model.
EquipmentShare.com Inc. provides construction equipment rental, sales, and technology solutions.
2. Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS)
Average Upside Potential: 75.05%
Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS) is one of the best upside stocks to buy according to analysts. On April 21, Kratos Defense & Security Solutions completed the initial flight series of the Mk1 Firejet, a new configuration of its Firejet unmanned aerial system/UAS integrated with the Kratos J85 engine. This high-performance version was developed in collaboration with the US Army Target Systems Management Office/TSMO to provide enhanced aero-performance while remaining in an affordable sub-$500,000 price class.
The J85-powered Firejet offers significant improvements in speed, range, and climb rate, serving as a versatile platform for both aerial target missions and tactical drone operations. The expansion of the Firejet line coincides with the ramp-up of the Kratos Spartan engine production facility, which was established in late 2025. This facility is expected to produce thousands of engines this year, reaching tens of thousands over the next few years to address the depletion of US and ally inventories.
By using an American-made engine with domestically sourced components, Kratos Defense & Security Solutions Inc. aims to mitigate supply chain risks while meeting the Department of War’s demand for affordable, military-grade capabilities that can be deployed today. This new configuration positions the Firejet as the first-to-market tactical jet UAS of its class, offering fighter-like performance for training and weapons testing.
Kratos Defense & Security Solutions Inc. is a technology company focused on the development of advanced products and systems for defense, national security, and commercial markets.
1. Guidewire Software Inc. (NYSE:GWRE)
Average Upside Potential: 75.84%
Guidewire Software Inc. (NYSE:GWRE) is one of the best upside stocks to buy according to analysts. On April 16, Guidewire launched ProNavigator, a role-specific AI assistant embedded within its InsuranceSuite and InsuranceNow applications. Introduced as part of the Palisades release, the tool is designed to provide underwriters, claims adjusters, and billing specialists with context-aware insights directly within their existing workflows.
By grounding AI responses in an insurer’s unique source material and providing citations, the assistant aims to scale expertise while ensuring that decision-making remains accurate and dependable. The platform emphasizes security and control through the use of role-based access controls and detailed audit trails. This human-in-the-loop approach ensures that AI-generated intelligence remains governed and that only authorized personnel can access specific sensitive documents.
ProNavigator is built to be production-ready from day one, reducing the typical maintenance burden and time-to-value for Property & Casualty insurers looking to move from AI experimentation to operational adoption. Additionally, the Palisades release introduces several broader functional updates, including the Jutro Developer Assistant for building digital experiences and enhanced funds tracking for financial reconciliation. The update also features a redesigned claims experience for the London Market and integrated pricing capabilities within PolicyCenter.
Guidewire Software Inc. offers a cloud-based platform for property and casualty (P&C) insurers worldwide. The platform provides several applications, such as PolicyCenter, ClaimCenter, and BillingCenter, that facilitate core operations for P&C insurance companies.
READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years.
Hedge Fund Resource Center