Billionaire Lee Ainslie’s 10 Stocks with Huge Upside Potential

7. Turning Point Brands Inc (NYSE:TPB)

Maverick Capital Equity Stake: $3.37 Million

Number of Hedge Fund Holders: 41

Stock Upside Potential: 50.68%

Turning Point Brands Inc (NYSE:TPB) is one of billionaire Lee Ainslie’s stocks with huge upside potential. Analysts expect Turning Point Brands shares to soar more than 50% over the next 12 months.

On May 8, Needham upgraded Turning Point Brands Inc (NYSE:TPB) stock rating to a Buy from a Hold with a price target of $125 on the shares. For this action, Needham cited Turning Point’s solid Q1 2026 results and noted that the company continues to outperform in the nicotine pouches segment.

As the Modern Oral product distribution expands, the firm sees limited downside to Turning Point’s profitability. Moreover, the firm sees the Modern Oral product being a beat and raise story that will support multiple expansions and renewed momentum.

Turning Point released its Q1 results on May 7, reporting a 16.8% jump in consolidated net sales to $124.3 million. Modern Oral net sales soared 133% to $52 million and accounted for 42% of the total company’s net sales, compared to 21% of total net sales in Q1 2025. Looking ahead, the company raised full-year 2026 Modern Oral net sales guidance to $210-$225 million, from $180- $190 million.

According to Turning Point CEO Graham Purdy, the company is investing in its brands, consumer outreach, and commercial capabilities to take advantage of the significant opportunity ahead.

Turning Point Brands Inc (NYSE:TPB) manufactures and distributes alternative smoking products, including accessories and consumables. Under the Zig-Zag brand, the company sells premium rolling papers, pre-rolled cones, cigar wraps, and related smoking accessories. Its Stoker’s brand includes smokeless tobacco products such as moist snuff and loose-leaf chewing tobacco.

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