A little over 15 months ago, panic ruled the roost on Wall Street. The coronavirus pandemic had its grip on the world, and it was unclear when things would return to normal. This fear ultimately shaved 34% off of the benchmark S&P 500 in about a months’ time.
However, patience is a powerful tool on Wall Street. People who’ve allowed their investment thesis to play out have enjoyed a 95% bounce in the widely followed S&P 500 from its pandemic lows. And if you were to ask Wall Street analysts, they’d tell you there’s more upside to come.
For each of the following five supercharged stocks, the high-water price target from Wall Street implies upside over the next 12 months ranging from 115% to as much as 177%.
Netflix: Implied upside of 115%
The unquestioned biggest name on this list is streaming kingpin Netflix (NASDAQ:NFLX). Although the consensus price target from all 40 analysts covering the company is that it’ll head higher by 14% over the next year, one Wall Street firm anticipates Netflix could make a run at $1,154, placing its implied upside at a cool 115%.
Clearly, a lot of things have gone right for Netflix. The pandemic kept people in their homes and in search of entertainment. This sent subscriber figures through the roof, ultimately pushing global streaming paid memberships to 207.6 million by the end of March 2021.
Netflix has also benefited for a long time from its vast content library and…