S&P 500 Rebound: 10 Stocks Analysts Say Have Significant Upside Potential

The S&P 500 has demonstrated a notable recovery, approaching its record highs last seen in February, a strong indicator of renewed investor confidence. This rebound, fueled by easing global trade tensions attributed to recent negotiations by the Trump administration, has positioned certain equities for significant strength. A select group of companies within the index, across diverse sectors from industrials to consumer services, have not only delivered significant gains since April but are also projected by analysts for substantial additional upside, buoyed by favorable economic shifts and robust business fundamentals.

An in-depth analysis conducted by CNBC Pro, leveraging FactSet data, identified a cohort of high-potential stocks based on stringent criteria. To meet the criteria, companies were required to exhibit at least a 20% appreciation in share price since April 8, garner a minimum of 60% “buy” recommendations from analysts, and feature an average price target implying an additional upside of 20% or greater. This systematic approach was designed to pinpoint companies demonstrating both proven momentum and strong analytical consensus for sustained growth.

Key S&P 500 Equities Poised for Further Growth

Symbol	Company	Sector	Buy (%)	Potential Upside (%)	Gain Since April (%)
CZR	Caesars Entertainment	Consumer Services	67	46	26
DAL	Delta Air Lines	Industrials	76	25	38
DD	DuPont de Nemours	Materials	76	29	24
DVN	Devon Energy	Energy	60	39	21
FSLR	First Solar	Industrials	71	35	26
GEHC	GE Healthcare Technologies	Healthcare	67	21	23
MGM	MGM Resorts International	Consumer Services	65	35	33
NWSA	News Corporation	Consumer Services	67	30	22
SNPS	Synopsys	Technology	78	24	26
UAL	United Airlines Holdings	Industrials	77	28	41

First Solar’s Strategic Advantage

First Solar (FSLR) has demonstrated a notable performance, achieving a 26% gain since April. This strong trajectory is supported by 71% of analysts endorsing a “buy” rating, projecting an additional 35% upside. Jefferies recently elevated its rating on First Solar, emphasizing the company’s robust position to capitalize on stringent restrictions concerning solar product imports from China. Analyst Julien Dumoulin-Smith underscored that First Solar’s U.S.-manufactured products receive significant advantages from legislative frameworks such as the Inflation Reduction Act, which are anticipated to constrain foreign competition and foster advantageous pricing. Furthermore, the firm pointed to First Solar’s persistently attractive valuation.

Airlines Poised for Continued Expansion

The airline sector exhibits comparable resilience and growth potential, with Delta Air Lines (DAL) and United Airlines (UAL) recording impressive gains of 38% and 41% respectively since April. Both carriers benefit from robust analyst support, with 76% of analysts recommending Delta and 77% for United, projecting additional upsides of 25% and 28% respectively. UBS recently upgraded both airlines to a “buy” rating, citing that their enhanced outlook stems from tariff relief facilitated by new trade agreements with China and the United Kingdom. This strategic shift has reoriented the economic outlook from pervasive recessionary concerns towards a trajectory of stable, albeit gradual, growth, thereby strengthening confidence in international and premium travel revenue streams.

MGM Resorts’ Upside Potential

MGM Resorts International (MGM) has also exhibited significant upward momentum, with its stock price advancing 33% since April. Approximately two-thirds of analysts recommend the stock, with an average price target indicating a potential additional gain of 35%. This strong performance was notably bolstered earlier in the month by a substantial 8% single-day surge, which followed updated projections from BetMGM, the joint venture between MGM and Entain.