30 Stocks That Could Rally 30% or More

Analysts say these S&P 500 stocks have at least 30% price upside over the next year or so.

stocks with high upside
(Image credit: Getty Images)

The major indexes may be trading near record highs and valuations might be stretched, but industry analysts say dozens of quality stocks are priced for big upside in the next 12 months or so.

True, it's getting harder to spot bargains, what with the benchmark S&P 500 up by 33% on a price basis since its early April low. The "growthier" but riskier Nasdaq Composite gained nearly 50% since it bottomed in spring.

That has taken a lot of potential upside out of many of Wall Street's top S&P 500 stocks. But high hopes for third-quarter earnings season and rising estimates for corporate profits have the bulls on the move.

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A weaker dollar is another tailwind, as it makes U.S. companies' goods and services cheaper overseas.

The fact that the Federal Reserve is expected to cut interest rates at least once more before the end of the year is also boosting stocks.

"Huge excitement over AI has been a big driver, but so has an incredibly resilient consumer, strong household and corporate balance sheets, inflation coming back to earth, a now dovish Fed, and record profits and profit margins," writes Ryan Detrick, chief market strategist at Carson Group. "The fourth year of a bull market tends to be quite strong, something we think could happen once again over the next 12 months."

The bottom line is that although markets tend to get a bit choppy around this time of year, the fundamental outlook for equities remains bright.

Analysts still spy big bargains

As long as a company's earnings prospects are rising faster than its share price, its stock can very much look like a bargain, and therefore a potential market beater. To get a sense of where to start digging for such finds, we screened the S&P 500 by implied upside to industry analysts' average price targets.

What we found: 30 stocks in the S&P 500 have implied upside of at least 30% over the next 12 months or so, according to data from S&P Global Market Intelligence.

But before we get to the S&P 500 stocks that could rally the most based on price targets, a caveat is in order.

Price targets are a blunt tool when it comes to sussing out cheap stocks. Committing capital based on a single data point is not an investment process.

It's also important to note that stocks with the most upside potential don't necessarily get consensus Buy recommendations from the very same analysts whose models spit out the target prices.

With that warning out of the way, if you're looking for widely traded stocks with the most upside potential, the names listed below aren't a bad place to start.

Swipe to scroll horizontally
S&P 500 stocks with the most upside potential

Company (Ticker)

Price Target

Upside to price target

Consensus recommendation score

Consensus recommendation

Moderna (MRNA)

$44.30

66%

2.83

Hold

DexCom (DXCM)

$99.71

53%

1.44

Strong Buy

MGM Resorts (MGM)

$47.42

50%

1.91

Buy

Fiserv (FI)

$181.85

48%

1.52

Buy

LKQ (LKQ)

$42.10

44%

1.83

Buy

Charter Communications (CHTR)

$373.60

44%

2.36

Buy

News Corp. (NWSA)

$37.52

44%

1.67

Buy

GoDaddy (GDDY)

$189.00

43%

2.06

Buy

SLB (SLB)

$45.91

42%

1.48

Strong Buy

EPAM Systems (EPAM)

$208.20

42%

1.69

Buy

Coterra Energy (CTRA)

$32.58

41%

1.67

Buy

CDW (CDW)

$206.80

40%

1.91

Buy

Devon Energy (DVN)

$45.83

39%

1.77

Buy

Align Technology (ALGN)

$177.43

37%

2.12

Buy

International Flavors & Fragrances (IFF)

$81.96

36%

1.80

Buy

Smurfit WestRock (SW)

$56.59

36%

1.41

Strong Buy

The Trade Desk (TTD)

$69.53

36%

2.19

Buy

Norwegian Cruise Line Holdings (NCLH)

$31.21

35%

1.74

Buy

Targa Resources (TRGP)

$205.42

35%

1.32

Strong Buy

Chipotle Mexican Grill (CMG)

$54.73

35%

1.58

Buy

Weyerhaeuser (WY)

$32.00

35%

1.62

Buy

CarMax (KMX)

$58.86

35%

2.53

Hold

Salesforce (CRM)

$334.38

34%

1.60

Buy

Stanley Black & Decker (SWK)

$86.60

34%

2.47

Buy

Oneok (OKE)

$93.32

34%

2.05

Buy

Adobe (ADBE)

$454.18

34%

2.03

Buy

Tyler Technologies (TYL)

$677.39

34%

1.84

Buy

Corpay (CPAY)

$376.64

33%

1.85

Buy

Zoetis (ZTS)

$189.15

33%

1.83

Buy

Comcast (CMCSA)

$39.09

33%

2.27

Buy

Data as of October 14, courtesy of S&P Global Market Intelligence.

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Dan Burrows
Senior Investing Writer, Kiplinger.com

Dan Burrows is Kiplinger's senior investing writer, having joined the publication full time in 2016.

A long-time financial journalist, Dan is a veteran of MarketWatch, CBS MoneyWatch, SmartMoney, InvestorPlace, DailyFinance and other tier 1 national publications. He has written for The Wall Street Journal, Bloomberg and Consumer Reports and his stories have appeared in the New York Daily News, the San Jose Mercury News and Investor's Business Daily, among many other outlets. As a senior writer at AOL's DailyFinance, Dan reported market news from the floor of the New York Stock Exchange.

Once upon a time – before his days as a financial reporter and assistant financial editor at legendary fashion trade paper Women's Wear Daily – Dan worked for Spy magazine, scribbled away at Time Inc. and contributed to Maxim magazine back when lad mags were a thing. He's also written for Esquire magazine's Dubious Achievements Awards.

In his current role at Kiplinger, Dan writes about markets and macroeconomics.

Dan holds a bachelor's degree from Oberlin College and a master's degree from Columbia University.

Disclosure: Dan does not trade individual stocks or securities. He is eternally long the U.S equity market, primarily through tax-advantaged accounts.