Two stocks with high P/E multiples and significant growth prospects in 2026

In the contemporary stock market, high valuations do not always indicate overvalued stocks. On the contrary, high P/E ratios often reflect investors’ expectations of significant future earnings and sustained growth potential. The true measure of an investment’s value lies in long-term growth prospects and the underlying company fundamentals.

Analysis of the three candidates with the highest upside potential

Riot Platforms (RIOT) – Leadership in Bitcoin Mining

Riot Platforms has a P/E ratio of 40.6x, which is 29.7% higher than the industry average of 31.3x. The stock has gained 34% year-to-date and benefits from a bullish consensus among analysts. Current estimates suggest an average price target of $27.19, indicating a potential appreciation of 98.9%.

The company operates in the Bitcoin mining infrastructure sector, with access to scalable energy resources and high-capacity data centers. Its strategy of gradually converting energy capacity into higher-margin computing assets represents a key element of future growth. This dual exposure allows portfolios to benefit from both cryptocurrency cycles and opportunities arising from the expansion of data center services.

Nebius (NBIS) – Growth in Cloud Infrastructure for AI

Nebius has a P/E ratio of 98.2x, significantly higher than the sector average of 32x. The stock has experienced extraordinary growth of 225% since the beginning of the year. Expert analyses indicate an average price target of $164.20, corresponding to an 82% upside potential.

The company manages a comprehensive cloud platform for artificial intelligence applications, providing critical infrastructure for the healthcare, robotics, and financial sectors. Strengths include long-term contracts with global clients, structural cost advantages, and strong demand for high-performance computing services. Strategic partnerships with global tech players have confirmed the relevance and scalability of Nebius’s value proposition.

Core Scientific (CORZ) – Specialization in High-Performance Computing

Core Scientific trades at a P/E ratio of approximately 111x, well above the sector median of 31.3x. The average price target of $28.27 implies an 82.6% upside potential. The stock has gained 10.2% since the start of the year.

The company has a solid energy infrastructure base and a broad pipeline of opportunities in the high-performance computing (HPC) sector. Core Scientific’s decision to focus on independent HPC leasing contracts underscores management’s confidence in the intrinsic value of its technological specialization. This focus could signal significant appreciation opportunities in a rapidly expanding HPC data center market.

Conclusion

The three stocks share common features: high valuations supported by solid fundamentals, positioning in high-growth sectors (mining, AI, HPC), and significant upside estimates from market analysts. For medium- to long-term investors with a high risk tolerance, these stocks represent opportunities to participate in evolving global megatrends.