In this article, we will take a detailed look at Louis Navellier’s 10 Stock Picks with Huge Upside Potential.
Navellier & Associates is an independent money management firm founded in 1987 by renowned stock analyst Louis Navellier. Headquartered in Reno, Nevada, the firm has spent over three decades delivering disciplined, style-consistent investment strategies to both individual and institutional clients. Its core mission is to maximize returns while effectively managing excessive risk, offering customized portfolios built on a proprietary mix of quantitative and fundamental analysis. Distinct from firms that mimic market indexes, Navellier & Associates aims to outperform them, constructing portfolios that exhibit low correlation to standard benchmarks, greater diversification, and reduced overall volatility.
Navellier’s investment philosophy is based on a rigorous three-step, bottom-up stock selection methodology designed to identify inefficiencies and high-growth opportunities in the market. The first step in this process uses a proprietary quantitative screening system that evaluates market data and individual stock statistics, measuring risk through standard deviation and reward through alpha. This narrows the investment universe to stocks ranking in the top percentiles for favorable risk/reward characteristics. The second step employs fundamental analysis to target companies with strong earnings growth, healthy profit margins, and reasonable forward-looking price-to-earnings ratios. The third and final step involves a proprietary optimization model that strategically allocates portfolio holdings to maximize alpha and minimize volatility. This structured approach results in portfolios that are diversified across sectors and industries and are particularly suited for long-term investors aiming to achieve steady growth in varying market conditions.
Louis Navellier, the firm’s Founder, Chairman, Chief Investment Officer, and Chief Compliance Officer, continues to oversee the portfolios he helped originate. A highly respected voice in the financial community, Navellier has published quantitative growth stock research since 1980. His insights have been widely disseminated across CNBC, Fox Business News, Bloomberg, and MarketWatch, and he has been profiled in leading financial publications such as Forbes, Fortune, Barron’s, and The Wall Street Journal. His methodologies and career have also been spotlighted in books like Secrets of the Investment All-Stars and Investing Under Fire.
Navellier & Associates manages more than $1 billion in private and institutional assets and is a trusted resource for high-net-worth individuals and organizations. The firm offers personalized portfolio reviews that include detailed analysis, risk assessments, and tailored investment recommendations. Portfolio sizes range from $100,000 to over $100 million, and all investment decisions are uniquely customized to align with each client’s financial goals, preferences, and risk tolerance. This commitment to individualized service underscores the firm’s belief that every investor deserves a strategy tailored to their unique financial journey.
As of its latest 13F filing for the fourth quarter of 2024, Navellier & Associates reported managing approximately $834 million in securities. The firm’s top ten holdings represent 29.42% of the total portfolio, highlighting a focused yet strategically diversified investment approach rooted in decades of systematic analysis and seasoned market expertise.
Louis Navellier of Navellier & Associates
Our Methodology
We searched through Navellier & Associates’ Q4 2024 13F filings to identify Louis Navellier’s stock picks with the highest upside potential. From the resultant data, we picked out the equities with upside potential higher than 50% based on analyst ratings and discussed why they stood out as sound potential investments. Finally, we ranked the stocks based on their respective price targets according to analysts. Additionally, we have mentioned the hedge fund sentiment around each stock using data from 1,009 hedge funds tracked by Insider Monkey in the fourth quarter of 2024.
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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Louis Navellier’s 10 Stock Picks with Huge Upside Potential
10. Nutanix, Inc. (NASDAQ:NTNX)
Number of Hedge Fund Holders as of Q4: 51
Navellier & Associates’ Equity Stake: $4.92 Million
Upside Potential as of April 23: 41.33%
Nutanix, Inc. (NASDAQ:NTNX), a leading American cloud computing company, specializes in software solutions tailored for data centers and hybrid multi-cloud environments. Its offerings include advanced software for virtualization, Kubernetes orchestration, database-as-a-service, software-defined networking, and robust security frameworks. The company also provides software-defined storage solutions across file, object, and block formats, positioning itself as a comprehensive provider in the hybrid multicloud space. Nutanix’s solutions are designed to support the dynamic needs of modern enterprises, enabling agility, scalability, and operational efficiency.
On February 26, 2025, Nutanix, Inc. (NASDAQ:NTNX) announced its financial results for the second quarter ending January 31, 2025, showcasing solid performance and market momentum. The company reported earnings per share (EPS) of $0.46, just shy of the $0.47 consensus estimate. However, it exceeded revenue expectations, posting $655 million, surpassing projections by $13.2 million and marking a 16% increase year-over-year. This performance builds on a trailing twelve-month revenue of $2.23 billion, reflecting sustained customer demand and operational execution. Non-GAAP net income came in at $165 million, supported by a strong non-GAAP gross margin of 88.3% and free cash flow of $187 million, representing an impressive 29% margin.
President and CEO Rajiv Ramaswami attributed the quarter’s outperformance to the growing strength of the Nutanix Cloud Platform, increased demand from businesses seeking reliable long-term technology partners, and the strategic advantages gained through its go-to-market initiatives and alliances. Nutanix, Inc. (NASDAQ:NTNX) has effectively tapped into prevailing market trends, especially in AI and hybrid cloud computing, reinforcing its position as a competitive and trusted alternative to other cloud providers. The company’s strategic focus on innovation and deepening partnerships has further contributed to its expanding market share and investor confidence.
Analysts have placed a price target of $89.46 on the stock, with an estimated upside potential of 41.33, highlighting Nutanix’s promising trajectory within the cloud computing sector.
Generation Investment Management Global Equity Strategy stated the following regarding Nutanix, Inc. (NASDAQ:NTNX) in its Q2 2024 investor letter:
“The central idea of HCI is to cut costs and complexity for customers by combining all bits of a data centre into a single offering. To oversimplify slightly, a data centre has three core functions: computing power, data storage and networks to tie them all together. Companies often use different vendors or solutions for each function, raising complexity. This is where Nutanix, Inc. (NASDAQ:NTNX) comes in. Its software blends these technologies together. Customers benefit from a single vendor and a single screen to manage all their digital infrastructure
Getting the world to adopt HCI has been a bumpy ride, for two main reasons. First, the technology is still quite new and, to many organisations, unfamiliar. IT teams, like the rest of us, favour the status quo, making them resistant to change. Second, Nutanix underwent several transitions in short succession without the required planning or rigour. This made it hard for the company to demonstrate its true value to customers….” (Click here to read the full text)
9. Toll Brothers, Inc. (NYSE:TOL)
Number of Hedge Fund Holders as of Q4: 64
Navellier & Associates’ Equity Stake: $11.88 Million
Upside Potential as of April 23: 41.64%
Toll Brothers, Inc. (NYSE:TOL) is a prominent American homebuilding company that specializes in the construction, marketing, and financing of residential and commercial properties across the United States. As of 2020, it ranked as the fifth-largest homebuilder in the country by homebuilding revenue. Known for its focus on luxury homes, Toll Brothers continues to solidify its reputation as a leader in the upscale housing market.
On February 18, 2025, Toll Brothers, Inc. (NYSE:TOL) announced its financial results for the first quarter ending on January 31, 2025. The company reported net income of $177.7 million, translating to $1.75 per diluted share. This was a decline compared to the same quarter of fiscal year 2024, when it reported net income of $239.6 million and $2.25 per diluted share. Despite the year-over-year decrease, the company maintained solid profitability, supported by income from operations amounting to $219.1 million. Additional contributions from other income, losses from unconsolidated entities, and gross margin from land sales and other sources totaled $2.5 million. The company also demonstrated confidence in its long-term value by repurchasing approximately 0.2 million shares of its stock at an average price of $127.02 per share, amounting to a total investment of $23.7 million.
In addition to its financial reporting, Toll Brothers, Inc. (NYSE:TOL) announced the expansion of its real estate footprint with the development of Saltgrass at Heron Bay, a new luxury community located in the Heron Bay master-planned development in Parkland, Florida. This initiative is part of Toll Brothers’ ongoing efforts to offer premium residential living experiences in high-demand markets, reinforcing its commitment to quality construction, community development, and upscale design in the luxury housing sector.
8. Comfort Systems USA, Inc. (NYSE:FIX)
Number of Hedge Fund Holders as of Q4: 50
Navellier & Associates’ Equity Stake: $9.24 Million
Upside Potential as of April 23: 42.2%
Comfort Systems USA, Inc. (NYSE:FIX), headquartered in Texas, is a prominent provider of mechanical and electrical contracting services, primarily serving the new commercial construction sector. In addition to new builds, the company generates significant revenue from the maintenance and upgrade of existing systems, forming a balanced and diversified service model. A central pillar of its growth strategy has been acquisitions, with Comfort Systems allocating an average of $82.5 million annually to business purchases between 2007 and 2023, allowing it to expand its capabilities and market reach.
In the fourth quarter of 2024, Comfort Systems USA, Inc. (NYSE:FIX) posted strong financial results, reflecting the success of its strategic initiatives. The company reported revenue of $1.87 billion, representing a 37.5% year-over-year increase. Net income surged to $145.9 million from $91.6 million in the same period of the previous year. The firm ended the year in a robust financial position, with $550 million in cash and cash equivalents—more than double the $205 million it held in 2023. Operating cash flow totaled $210.5 million, while free cash flow reached $171.7 million, underscoring the company’s efficiency in turning revenue into strong liquidity.
In February, the company rewarded shareholders by increasing its quarterly dividend by 14.3%, bringing the payout to $0.40 per share. Looking ahead, Comfort Systems USA, Inc. (NYSE:FIX) anticipates same-store revenue growth of 7–9% in 2025. This projection is supported by rising demand from the data center and industrial sectors, as well as broader macroeconomic trends like the reshoring of manufacturing to the United States. Despite noting that margins in 2024 were unusually high, management remains confident in sustaining strong profitability.
With a proven track record of acquisitions, strong financial performance, and a strategic focus on expanding sectors, Comfort Systems USA, Inc. (NYSE:FIX) is well-positioned for continued growth. Its consistent execution and adaptability in evolving markets make it a compelling addition to any long-term investment portfolio.
7. Super Micro Computer, Inc. (NASDAQ:SMCI)
Number of Hedge Fund Holders as of Q4: 45
Navellier & Associates’ Equity Stake: $11.46 Million
Upside Potential as of April 23: 46.9%
Super Micro Computer, Inc. (NASDAQ:SMCI), commonly known as Supermicro, is an American information technology company headquartered in San Jose, California. It specializes in the design, development, manufacturing, and sales of high-performance server solutions based on modular and open-standard architectures. The company has become a key player in the technology hardware industry, with a market capitalization of approximately $23 billion by the end of December 2024. Supermicro’s innovative approach to server infrastructure, particularly in AI-driven platforms, continues to fuel its rapid expansion and strong financial performance.
For the second quarter of fiscal year 2025, which ended on December 31, 2024, Super Micro Computer, Inc. (NASDAQ:SMCI) reported impressive preliminary financials, primarily driven by surging demand for its AI-related systems. The company expects to report net sales between $5.6 billion and $5.7 billion, marking a 54% year-over-year increase at the midpoint. Gross margins, both GAAP and non-GAAP, are projected to fall between 11.8% and 11.9%. The company anticipates 5% year-over-year growth in diluted earnings per share, which are forecasted to be between $0.58 and $0.60.
At the end of the quarter, Super Micro Computer, Inc. (NASDAQ:SMCI) reported total cash and cash equivalents of approximately $1.4 billion, against total debt of $1.9 billion. Of this, around $200 million consists of bank debt, while the remainder comprises convertible notes. Looking ahead, the company projects net sales for the third quarter of FY2025 to range between $5.0 billion and $6.0 billion. It expects non-GAAP diluted earnings between $0.46 and $0.62, reflecting continued operational strength despite shifting macroeconomic conditions.
Supermicro recently revised its full-year 2025 revenue guidance to a range of $23.5 billion to $25 billion, down from its prior estimate of $26 billion to $30 billion. Despite this adjustment, the company maintains an ambitious long-term vision, targeting $40 billion in revenue for FY2026, an anticipated 65% year-over-year increase. Financial analysts remain bullish on the stock, with a price target of $48.33 and an implied upside potential of 46.9%. Super Micro Computer, Inc. (NASDAQ:SMCI) is hence listed as one of Louis Navellier’s top stock picks with huge upside potential.
Columbia Acorn Fund stated the following regarding Super Micro Computer, Inc. (NASDAQ:SMCI) in its Q3 2024 investor letter:
“Super Micro Computer, Inc. (NASDAQ:SMCI) had a tough quarter due to a confluence of negative events. It declined, but is still up significantly for the year. While demand for the company’s AI server racks remains strong, with revenue up over 100%, gross margins have fallen sharply for two straight quarters, implying a price war. In addition, Super Micro was the subject of a short-seller report and a delay in filing its annual report with the SEC. We have been taking profits in the stock all year and have only a small position, which we are maintaining given the strong performance and demand for Super Micro’s AI racks and a depressed stock valuation.”
6. Arista Networks Inc (NYSE:ANET)
Number of Hedge Fund Holders as of Q4: 78
Navellier & Associates’ Equity Stake: $6.75 Million
Upside Potential as of April 23: 60.96%
Arista Networks Inc (NYSE:ANET), a leading American computer networking company based in Santa Clara, California, continues to solidify its position as a pioneer in data-driven, client-to-cloud networking. The company specializes in the design and sale of multilayer network switches that support software-defined networking, catering to large data centers, cloud computing environments, high-performance computing, and high-frequency trading sectors. Arista’s cutting-edge solutions enable infrastructure development for AI-driven applications, advanced routing environments, campus networks, and next-generation data centers, making it a key enabler in the evolution of modern digital ecosystems.
On February 18, 2025, Arista Networks Inc (NYSE:ANET) announced its financial results for the fourth quarter and full year ending December 31, 2024, revealing robust performance and consistent growth. For Q4 2024, the company reported revenue of $1.93 billion, reflecting a 6.6% increase from the prior quarter and a 25.3% rise compared to Q4 2023. Despite a slight year-over-year decrease in gross margin to 64.2% from 64.9%, Arista maintained its profitability, posting a net income of $801 million and diluted earnings per share (EPS) of $0.62.
The full-year financials for 2024 underscored Arista’s strong operational execution and market leadership. Annual revenue reached a record $7 billion, a 19.5% increase over 2023. Gross margin for the year rose to 64.1%, up from 61.9% the previous year, reflecting improved cost efficiencies and product mix. Net income surged to $2.85 billion, compared to $2.09 billion in 2023, while diluted EPS climbed to $2.23 from $1.65. These achievements illustrate Arista Networks Inc (NYSE:ANET)’s ability to combine rapid expansion with sustained profitability, driven by increasing demand for its AI networking solutions and its integral role in supporting next-generation cloud infrastructure.
With a price target of $108.92 and an upside potential of 60.96% according to analysts, Arista Networks Inc (NYSE:ANET) is sixth in the list of Louis Navellier’s stock picks with huge upside potential.
Artisan Global Opportunities Fund stated the following regarding Arista Networks Inc (NYSE:ANET) in its Q4 2024 investor letter:
“Along with NovoNordisk, a notable trim in the quarter included Arista Networks Inc (NYSE:ANET). Arista Networks is the market leader in cloud networking equipment used in data centers. Shares have strongly outperformed since the beginning of 2023 as its ethernet options capture market share in AI cloud environments. Many of the largest buyers in this space are focused on utilizing Arista’s networking technology, given meaningful increases in GPU utilization rates versus InfiniBand, the out-of-the-box solution from NVIDIA. We believe Arista remains exceptionally well positioned. However, we have been trimming the position due to our valuation discipline.”
5. Abercrombie & Fitch Co. (NYSE:ANF)
Number of Hedge Fund Holders as of Q4: 51
Navellier & Associates’ Equity Stake: $7.82 Million
Upside Potential as of April 23: 65.64%
Abercrombie & Fitch Co. (NYSE:ANF), an American lifestyle retailer established in 1892, has always offered contemporary and stylish clothing. The company has recently demonstrated strong financial and operational momentum, highlighted by impressive results for the fourth quarter of fiscal year 2024, which ended on January 31. Abercrombie reported earnings per share (EPS) of $3.29, a notable 38% increase compared to $2.38 in Q4 of the previous year. This performance was driven by a strong holiday shopping season, full-price selling, effective product mix, disciplined cost control, and efficient inventory management, all contributing to a substantial improvement in operating margin.
The company’s strategic investments in store remodels and multichannel retailing aim to enhance its market positioning and deepen customer engagement. These efforts are part of a broader transformation strategy to modernize the brand experience and expand its reach across various channels. For the fourth quarter, net sales rose by 9%, while comparable sales increased by an impressive 14%. Over the full fiscal year 2024, Abercrombie & Fitch Co. (NYSE:ANF) achieved net sales of $4.95 billion, reflecting a 16% increase year-over-year, bolstered by 17% growth in comparable sales and double-digit gains across both geographic regions and brand portfolios.
Abercrombie & Fitch Co. (NYSE:ANF) is placed fifth among Louis Navellier’s stock picks with huge upside potential, as analysts project its growth potential as 65.64% and have set a price target of $124.13 on the stock.
Looking ahead, Abercrombie & Fitch Co. (NYSE:ANF) has issued a positive outlook for fiscal year 2025. The company projects net sales growth between 3% and 5%, and an operating margin in the range of 14% to 15%. Expected net income per diluted share is forecasted between $10.40 and $11.40, reinforcing confidence in its continued growth trajectory. Additionally, the firm announced a new $1.3 billion share repurchase authorization and plans to execute approximately $400 million in share buybacks during 2025.
ClearBridge Mid Cap Growth Strategy stated the following regarding Abercrombie & Fitch Co. (NYSE:ANF) in its Q3 2024 investor letter:
“We are encouraged by the high proportion of positive returns on new ideas added over the last five quarters of elevated new idea generation, with solid contributions to overall performance despite their representing a modest portion of the Strategy’s assets.
We continued to deliver strong new idea generation, adding four new investments in the quarter: OneStream (through participating in its IPO), Abercrombie & Fitch Co. (NYSE:ANF), Wintrust Financial, and FTAI Aviation.
Abercrombie & Fitch is a global retailer with two primary brands, A&F and Hollister, providing apparel and accessories targeting millennials and Gen Z, respectively. Following multiple years of mis-execution, the company has repositioned its brands for durable growth, rationalized its store footprint, and is growing profitably with a nimble, fast-follower fashion strategy.”
4. Vertiv Holdings Co (NYSE:VRT)
Number of Hedge Fund Holders as of Q4: 92
Navellier & Associates’ Equity Stake: $10.84 Million
Upside Potential as of April 23: 72.75%
Vertiv Holdings Co (NYSE:VRT), an American multinational company, is a key provider of critical infrastructure and services tailored for data centers, communication networks, and commercial and industrial environments. The company designs, manufactures, and services digital infrastructure technologies across power management, thermal management, and IT infrastructure. Vertiv’s solutions serve a wide array of sectors, including telecommunications, healthcare, education, and beyond, positioning it as a fundamental enabler of the digital economy.
On April 22, 2025, Vertiv Holdings Co (NYSE:VRT) reported its financial results for the first quarter, with earnings per share (EPS) coming in at $0.38, significantly below analyst expectations of $0.61. However, the company posted stronger-than-anticipated revenue of $2.35 billion, surpassing the consensus estimate of $1.94 billion. Despite the EPS miss, market analysts remain optimistic about the stock’s potential, projecting an upside of 72.75% and setting a price target of $116.73. This bullish outlook underscores confidence in Vertiv’s long-term growth strategy and its ability to capitalize on the increasing global demand for digital infrastructure.
A recent strategic development reinforcing this growth narrative is Vertiv’s collaboration with NVIDIA and iGenius to build a sovereign AI data center in Italy. This partnership marks a significant step in Vertiv’s technological evolution and global expansion. By aligning with leading AI and data analytics firms, Vertiv Holdings Co (NYSE:VRT) is not only enhancing its technological capabilities but also fortifying its position in emerging markets. The initiative reflects the company’s commitment to product differentiation and innovation, with the potential to boost its backlog, order pipeline, and future earnings. Such strategic collaborations are expected to strengthen Vertiv’s brand equity, open new revenue streams, and support its long-term vision in the rapidly evolving infrastructure landscape.
Hardman Johnston Global Equity Strategy stated the following regarding Vertiv Holdings Co (NYSE:VRT) in its Q4 2024 investor letter:
“From a sector standpoint, the main drivers of the portfolio’s outperformance during the fourth quarter were Industrials and Materials. Within Industrials, Howmet Aerospace, Inc. and Vertiv Holdings Co (NYSE:VRT) were the largest contributors to outperformance. Vertiv has been a stellar performer for the past year and beyond. The global leader in data center thermal and electrical equipment continued to execute on its record backlog, with strong order flow largely related to AI-driven data center demand. Data center operators and hyperscalers are partnering with the company to develop next generation designs to optimize power and thermal efficiency. Vertiv’s global service network is uniquely positioned to help clients design and maintain these important data centers.”
3. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders as of Q4: 223
Navellier & Associates’ Equity Stake: $79.34 Million
Upside Potential as of April 23: 74.7%
NVIDIA Corporation (NASDAQ:NVDA), a global leader in GPU-accelerated computing, is headquartered in Santa Clara, California, and is widely recognized for its pioneering work in graphics processing units (GPUs) used across gaming, professional visualization, data centers, and the automotive industry. In its latest financial results released on February 25, 2025, NVIDIA reported record-breaking performance, underlining its dominance in AI-driven technologies and data-centric infrastructure.
For the fourth quarter of fiscal 2025, NVIDIA Corporation (NASDAQ:NVDA) achieved a record revenue of $39.3 billion, representing a 12% increase from the previous quarter and a staggering 78% growth year-over-year. This performance was largely driven by its Data Center segment, which alone posted a record $35.6 billion in quarterly revenue, a 16% increase from Q3 and a 93% surge from the prior year. On a full-year basis, NVIDIA reported record revenue of $130.5 billion, marking a 114% increase from fiscal 2024. GAAP earnings per diluted share for the quarter were $0.89, up 14% sequentially and 82% year-over-year, while full-year GAAP earnings per diluted share reached $2.94, a remarkable 147% increase from the previous year.
NVIDIA Corporation (NASDAQ:NVDA)’s meteoric financial growth reflects its strategic focus on artificial intelligence infrastructure and deep learning technologies. CEO Jensen Huang recently met with Japanese Prime Minister Shigeru Ishiba on April 21 to advocate for increased electricity generation to meet the growing power demands of AI computing. The two leaders discussed Japan’s unique advantages in the AI space, particularly due to its expertise in robotics and industrial manufacturing, while emphasizing the critical need for new infrastructure to support energy-intensive AI systems.
Despite these external challenges, investor confidence in NVIDIA Corporation (NASDAQ:NVDA) remains strong. The stock currently holds a price target of $169.30, with analysts projecting a substantial upside potential of 74.7%. This positions NVIDIA as third in the list of Louis Navellier’s stock picks with huge upside potential, highlighting its continued appeal to investors eager to capitalize on the transformative growth of artificial intelligence and advanced computing technologies.
2. Deckers Outdoor Corporation (NYSE:DECK)
Number of Hedge Fund Holders as of Q4: 66
Navellier & Associates’ Equity Stake: $6.05 Million
Upside Potential as of April 23: 77.3%
Deckers Outdoor Corporation (NYSE:DECK), headquartered in Goleta, California, is a renowned American designer and distributor of footwear, apparel, and accessories. Founded in 1973 by the University of California, Santa Barbara alumni Doug Otto and Karl F. Lopker, the company has grown into a global leader through its innovative brand portfolio, which includes iconic names such as UGG and HOKA. Over the years, Deckers has established a reputation for delivering performance-driven and fashion-forward products, catering to a wide customer base across various regions and demographics.
On January 30, 2025, Deckers Outdoor Corporation (NYSE:DECK) announced its financial results for the third fiscal quarter ended December 31, 2024, showcasing record-breaking performance across several key metrics. The company reported net sales of $1.827 billion, reflecting a 17.1% increase compared to $1.560 billion in the same quarter of the previous year. On a constant currency basis, this represented a 16.6% increase. Gross margin expanded to 60.3%, up from 58.7%, while operating income rose to $567.3 million from $487.9 million. Diluted earnings per share grew to $3.00, compared to $2.52 in the year-ago quarter.
President and CEO Stefano Caroti praised the quarter’s performance, attributing the success to the robust global demand for UGG’s iconic products and HOKA’s consistent delivery of high-performance innovations. He emphasized that the strategic scaling of the HOKA brand and UGG’s sustained consumer appeal have positioned Deckers Outdoor Corporation (NYSE:DECK) for continued growth. The company has increased its full-year revenue outlook, now expecting 15% growth, marking its fifth consecutive year of mid-teen or higher revenue expansion, while maintaining top-tier operating margins.
Deckers Outdoor Corporation (NYSE:DECK) has also garnered strong investor interest. It is currently one of Louis Navellier’s top stock picks with huge upside potential. During the December 2024 quarter, Navellier & Associates reported holdings of over $6 million in the company. Broader hedge fund sentiment mirrored this optimism; according to Insider Monkey’s database, 66 hedge funds held a combined stake of $1.33 billion in Deckers at the end of Q4, up from 61 hedge funds in the previous quarter. This increase in institutional investment underscores confidence in Deckers’ growth trajectory and financial performance.
1. Powell Industries, Inc. (NASDAQ:POWL)
Number of Hedge Fund Holders as of Q4: 27
Navellier & Associates’ Equity Stake: $7.15 Million
Upside Potential as of April 23: 95.76%
Powell Industries, Inc. (NASDAQ:POWL), headquartered in Houston, Texas, is a well-established manufacturer of integrated and packaged electrical solutions that monitor and control the distribution of power across commercial and industrial markets. Founded in 1947 as a small metal-working shop to support Houston’s petrochemical sector, the company has since grown into a key player in electrical infrastructure technologies, serving a range of industries with cutting-edge solutions.
For the first quarter of fiscal 2025, which ended on December 31, 2024, Powell Industries, Inc. (NASDAQ:POWL) reported strong results that highlight its robust financial health and operational strength. Revenues rose by 24% year-over-year to $241 million, while gross profit reached $60 million, or 24.7% of revenue. Net income climbed to $35 million, translating to $2.86 per diluted share—a 44% increase compared to the prior year. The company reported $269 million in new orders during the quarter, signaling continued demand for its offerings. With $373 million in cash and short-term investments as of quarter-end and a market capitalization of approximately $1.98 billion, Powell maintains a highly favorable liquidity profile.
Powell Industries, Inc. (NASDAQ:POWL) has also significantly outperformed the broader electrical industry, posting a 107.3% earnings growth rate over the past year, which is significantly higher than the industry’s 5.2% decline. Strategically, Powell is expanding its operations in Houston and has increased its R&D budget by 26% to support innovation and margin enhancement. These investments target growth opportunities in emerging sectors such as data centers, signaling the company’s intent to diversify its market reach and elevate its competitive edge.
Looking forward, analysts expect Powell Industries, Inc. (NASDAQ:POWL) to achieve an annual revenue growth rate of 6.6% over the next three years. Reflecting this sentiment, Powell has been identified as one of Louis Navellier’s stock picks with huge upside potential. With a price target of $312 and an impressive projected upside of 95.76%, it is attracting keen attention from investors seeking substantial long-term gains.
Overall, POWL ranks first among Louis Navellier’s 10 stock picks with huge upside potential. While we acknowledge the potential of these stock picks, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than POWL but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks to Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.
