With industrials, energy, and tech stocks undergirding an S&P 500 that is hovering near all-time highs, investors looking for high-upside companies may be resigned to more speculative plays. While it's true that some long-established firms have posted surprising rallies in recent trading sessions, a combination of consumer reticence and stretched valuations means that many go-to investments may not see much near-term growth.
Investors willing to accept some additional risk might look to companies in the robotics, clinical-stage biotech, and mineral exploration spaces. These industries all contain firms analysts believe could at least double in value in the future. Of course, along with these lofty predictions comes a caveat: these firms carry some degree of risk, often elevated beyond a market-wide norm to levels that may not be comfortable for investors.
