30 Stocks That Could Rally 50% or More

Shopping for stocks when the major benchmarks aren't far from record highs and volatility is picking up might seem counterintuitive. After all, the idea is to buy low. But not only do new highs tend to beget fresh highs, stocks are actually cheaper now than they've been in some time.

Thanks to rising earnings estimates, the forward price-to-earnings ratio, or P/E ratio, on the S&P 500 currently stands at 18.5, according to Yardeni Research. That's down from 23.5 at the end of last year, as well as below its 10-year average.

Meanwhile, the index's price-earnings-to-growth (PEG) ratio, which measures how fast stocks are rising relative to their growth prospects, has plunged to 0.74. In early 2026, it was well above 1.4. By that measure, stocks are about 50% cheaper than they were in February.

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Not too long ago, finding outsized gains in Wall Street's top S&P 500 stocks was a challenge. But with equities offering more attractive valuations, a long list of index names appears poised for serious outperformance.

True, uncertainty abounds. Geopolitical instability has global markets on edge. Perhaps most troubling, higher energy prices are inflationary, and that's putting the Federal Reserve in a tight spot. Markets were expecting two cuts to the short-term federal funds rate at the beginning of 2026. Now, they're forecasting rate hikes later this year and beyond.

Nevertheless, estimates for operating earnings, also known as mother's milk for stocks, continue to march higher. Net margins are at multi-year highs, as well. And the technical picture is increasingly constructive.

"We continue to expect a nice move higher into the end of the year," writes Ryan Detrick, chief market strategist at Carson Group. "With the seasonally bullish November and December ahead, along with signs of extreme pessimism, the stage could be set nicely for a rally."

The bottom line is that although markets may be a bit choppy, the fundamental outlook for equities remains bright.

Analysts spy lots of 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 50% 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.

Data as of October 27, courtesy of S&P Global Market Intelligence.

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