It's not easy to find S&P 500 stocks — which have already soared — that analysts still think can rally more. But they're out there.
Seven stocks in the S&P 500, including not just Nvidia and Oracle, but also Hasbro, are expected to gain 15% or more in the next 12 months, says an Investor's Business Daily analysis of data from S&P Global Market Intelligence and MarketSurge.
But what's especially impressive is that these stocks are already up 30% or more this year. That blows away the 12.9% gain by the S&P 500 this year. So these are the big winners Wall Street still has high hopes for.
Nvidia And Oracle Are On Fire
Not surprisingly, AI titans Nvidia and Oracle are exactly the kinds of stocks with momentum analysts like.
Nvidia, maker of many of the high-powered chips needed in AI, has seen its shares rise 32% this year already. The stock sports an RS Rating of 87. And its profitability is nearly picture perfect.
Analysts think Nvidia's EPS will rise 130% this year. It already carries an EPS Rating of 98. But analysts also see plenty of upside left. They're calling for Nvidia to be a 213-a-share stock in 12 months. That implies 20% upside.
Hopes are high for Oracle, too, especially after it ramps up AI and takes control of part of social media app TikTok. The stock is already up 70% this year. And analysts think it's good for another 17.7% in the next 12 months.
As you'd expect, Oracle's chart is pretty solid. It carries an RS Rating of 94. And analysts think EPS will rise 13% this fiscal year.
Not Just AI
It would be an oversimplification to say only AI has the momentum. Consider toy maker Hasbro.
Shares are up more than 34% this year heading into the busy holiday season. And analysts think shares will surge another 18% in the next 12 months. The stock carries an RS Rating of 71. Earnings this year are seen gaining 21%.
It's important to note it wouldn't be surprising if these stocks took a breather following their big runs. But the momentum is clearly on their side.
Analysts See More Good Things Coming
S&P 500 stocks up more than 30% this year with high implied 12-month upside
| Company | Ticker | YTD % ch. | Upside implied |
|---|---|---|---|
| Nvidia | NVDA | 32.3% | 20.0% |
| Micron Technology | MU | 85.2% | 18.7% |
| Hasbro | HAS | 34.7% | 18.4% |
| Dollar General | DG | 35.0% | 18.3% |
| Oracle | ORCL | 70.1% | 17.7% |
| Advanced Micro Devices | AMD | 31.6% | 16.9% |
| Philip Morris International | PM | 36.7% | 15.2% |
