When charismatic stock picker Cathie Wood makes a move, the financial world takes notice. Her unconventional playbook for investing in disruptive tech companies has earned her a legion of followers and plenty of critics. Wood’s momentum-driven strategy is not for the faint-hearted, as it can result in wild price swings. While her flagship Ark Innovation ETF (ARKK) has underperformed the broader Nasdaq-100 Index ($IUXX) over the past year, the fund has been a rollercoaster ride, with extremes defining its trajectory.

Despite the outliers like Unity Software and Invita, there are still gemstones in ARKK. Most notably, analysts expect significant upside from some of the growth stocks within Wood’s flagship fund.

Let’s dive into five of these potential winners and uncover the reasons behind analysts’ bullish forecasts.

Archer Aviation Elevates Expectations

Archer Aviation, based in San Jose, Calif., has been soaring in the exciting domain of electric vertical takeoff and landing (eVTOL) aircraft. These futuristic vehicles promise rapid urban air transit, possibly revolutionizing city commutes. The company’s market cap of $1.5 billion has already propelled the stock by a staggering 77% over the past year.

Analysts have unanimously declared Archer Aviation a “Strong Buy,” setting a mean target price of $9.36. This forecast suggests an appealing upside potential of about 89.8% from current levels.

Exact Sciences Diagnosed for Growth

Exact Sciences, a molecular diagnostics firm founded in 1995, is on a mission to combat cancer with its non-invasive tests. Despite a 0.7% decline in its stock over the last year, analysts are prescribing optimism. With an average rating of “Strong Buy” and a mean target price of $98.18, the stock could yield a healthy 49% upside, according to experts’ forecasts.

Trade Desk: A Blueprint for Success

Trade Desk, a digital advertising enterprise, specializes in real-time programmatic marketing automation. The company, established in 2009, has rallied 48.3% over the past year, cementing its position in a $31.8 billion market. The stock’s bright forecast is based on a consensus “Strong Buy” rating and an enticing mean target price of $81.61, indicating a potential 24.5% upside from its current standing.

Block: The Foundation for Prosperity

Now known as Block, this financial services juggernaut was founded in 2009 by Twitter co-founder Jack Dorsey. Despite a modest 8.5% dip in its stock over the past year, the market cap of about $40 billion underlines its prominence. Though the stock experienced some setbacks, analysts remain optimistic, with a “Strong Buy” consensus and a promising mean target price expected in the future.

Investor’s Fintech Stock Roundup

Fintech Stock on the Rise: Square Inc.

Analysts are forecasting a rosy outlook for Square Inc., with a “Moderate Buy” rating and a mean target price of $78.82, indicating a potential upside of approximately 21.5%.

Out of 38 analysts covering SQ, 23 propose a “Strong Buy,” 3 a “Moderate Buy,” 11 a “Hold,” and 1 a “Strong Sell” rating.

5. DraftKings Stock

Boston-based DraftKings (DKNG) has swiftly become a key player in the online sports betting world, capturing a 32% market share as of May 2023, trailing only to FanDuel. With a market cap of $32.25 billion, DraftKings offers betting options across various sports leagues, such as MLB, NHL, NFL, NBA, Premier League, and UEFA Champions League.

DraftKings stock has soared by 175% in the past year, defying expectations.

Despite the substantial ascent, analysts have maintained an optimistic view on DKNG, labeling it a “Strong Buy” with a mean target price of $42, indicating an upside potential of 13.3% from current levels.

Out of 26 analysts covering the stock, 21 recommend a “Strong Buy,” 2 a “Moderate Buy,” and 3 a “Hold.”