10 Multibagger Stocks to Buy According to Wall Street

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4. Western Digital (NASDAQ:WDC)

Average Upside Potential: 98%

Number of Hedge Fund Holders: 98

Cantor analyst C.J. Muse cut his price target on Western Digital to $625 from $900 on October 23 and stayed at Overweight. He raised his earnings estimates. The lower target reflects valuation compression, not weaker earnings.

Western Digital sells the high-capacity hard drives that cloud companies fill with data, and its latest quarter beat its own guidance. Fiscal first-quarter revenue rose 55% to $4.38 billion, and adjusted earnings per share jumped 161%. Chief Financial Officer Kris Sennesael credited strong exabyte growth and better pricing. Management guided to $5.80 in adjusted earnings per share at the midpoint for the next quarter.

The risk sits in its own filings: revenue comes mostly from cloud customers and a small group of top buyers. Our take on whether Western Digital is a good or bad investment at today’s price covers the valuation.

3. CoreWeave (NASDAQ:CRWV)

Average Upside Potential: 106%

Number of Hedge Fund Holders: 71

Rosenblatt analyst John McPeake reiterated a Buy rating and a $160 price target on CoreWeave on November 11. He said the third-quarter results and management’s comments answered the main worries about funding and profitability.

CoreWeave rents AI computing power to companies that train and run models. Revenue rose 168% in the quarter, and its backlog of contracted work reached $132.5 billion. Chief Executive Officer Michael Intrator said the company raised prices 25% and then another 10%.

Debt keeps bears wary. Chief Financial Officer Nitin Agrawal said CoreWeave does not plan to issue more unsecured debt at the parent level at current yields through 2027, because interest costs rise again next quarter. For more on whether CoreWeave’s balance sheet can keep pace with its backlog, see our earlier piece.

2. Micron Technology (NASDAQ:MU)

Average Upside Potential: 110%

Number of Hedge Fund Holders: 184

Bernstein analyst Mark Li reiterated a Buy rating and a $1,300 price target on Micron on November 4. He points to multi-year visibility from contract pricing. Citi analyst Atif Malik also rated the stock Buy with a $1,300 target on October 29. He expects stronger-than-expected DRAM pricing on the roughly 60% of output outside long-term agreements, with supply still short of demand.

The stock jumped 13% in a day this week after customer CoreWeave raised its 2026 revenue outlook and eased fears that AI spending is slowing. Micron also joined a $26 billion group of investors backing Anthropic’s IPO.

Micron makes the DRAM and NAND memory chips that store data in servers, phones and PCs, and it sells the high bandwidth memory used beside AI processors. DRAM has only a few big makers: Micron, SK Hynix and Samsung. We took up why the stock trades at such a low earnings multiple despite high margins in a piece on what Wall Street may be missing.

1. Sandisk (NASDAQ:SNDK)

Average Upside Potential: 132%

Number of Hedge Fund Holders: 128

Bernstein analyst Mark Newman has kept an Outperform rating and a $3,000 price target on Sandisk since the company beat its own earnings guidance.

Sandisk makes the NAND flash chips used in solid-state storage, and data centers are buying them faster than it can make them. Fiscal first-quarter revenue topped $11 billion, and adjusted earnings of $49.51 per share beat the company’s own guidance. Chief Executive Officer David Goeckeler raised his forecast for data center demand growth this year.

The stock has not cheered. It has fallen about 51% in a month as memory and AI names sold off, and partner Kioxia warned that flash price gains are fading. An 8-for-1 stock split takes effect later this month. Whether a peak is already in the price is the debate, and our look at whether a peak is already priced into Sandisk’s stock covers it.

READ NEXT: SanDisk (SNDK) Is Now Worth More Than the Company That Spun It Off and Micron (MU) vs. Sandisk (SNDK): Is the Smaller Factory Bill Really an Advantage?

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