Check out these 11 U.S.-listed foreign stocks — which analysts give over 100% upside

Sep 10, 2024 at 11:06 PM

Unlocking Global Wealth: Uncovering Stocks Poised for Explosive Growth

In the ever-evolving landscape of global markets, a select group of international stocks trading in the U.S. have captured the attention of savvy investors. These companies, headquartered overseas, are projected to deliver extraordinary returns, with the potential to more than double in value over the next 12 months, according to the consensus of leading analysts. CNBC Pro has delved into the data, identifying 11 such stocks that offer investors a unique opportunity to capitalize on the dynamic shifts in the global economy.

Seizing the Lithium Boom: Patriot Battery Metals' Transformative Potential

Lithium's Pivotal Role in the EV Revolution

The global transition to electric vehicles (EVs) has ignited a surge in demand for lithium, a critical component in battery technology. As the world embraces sustainable mobility, the race is on to secure reliable sources of this coveted metal. Patriot Battery Metals, a Canadian-based lithium exploration company, has emerged as a promising player in this high-stakes game.

Patriot's Shaakichiuwaanaan Project: A Lithium Goldmine

Patriot's flagship Shaakichiuwaanaan lithium project in Quebec, Canada, has captured the attention of industry analysts. The company's recent preliminary economic assessment (PEA) has revealed the project's remarkable potential, with analysts at Desjardins describing it as an "attractive" venture that could propel Patriot to become a "global hard rock lithium player." The PEA's findings have bolstered the investment case, with Canaccord Genuity and other leading firms issuing "speculative buy" ratings and lofty price targets.

Navigating the Risks: Patriot's Upside Potential

While Patriot Battery Metals is viewed as a high-risk, high-reward proposition, the company's upside potential is undeniable. Analysts project a staggering 259% surge in the stock's value over the next 12 months, making it the top-ranked stock in the CNBC Pro screening. Investors should, however, exercise caution, as the company's success hinges on the successful execution of its exploration and development plans, as well as the broader dynamics of the lithium market.

Valneva: Pioneering Vaccines, Unlocking Shareholder Value

Valneva's Diversified Pipeline: A Vaccine Powerhouse

Valneva, a French biopharmaceutical company, has emerged as a standout in the global vaccine landscape. As one of the few remaining independent vaccine developers, Valneva has already successfully brought two in-house vaccines to market. Its most promising venture, however, is the Lyme disease vaccine it is co-developing with pharmaceutical giant Pfizer. Analysts are bullish on Valneva's ability to deliver strong sales from its approved vaccines, with the potential for long-term growth from royalties if the Lyme disease vaccine launch is successful.

Lyme Disease Vaccine: A Game-Changing Opportunity

Valneva's Lyme disease vaccine candidate, VLA15, has been the subject of intense scrutiny and optimism. The company's recent phase 2 trial results have further reinforced the vaccine's potential, demonstrating a robust immune response in a booster regimen. With Pfizer as a partner, Valneva is poised to capitalize on the significant unmet need for a Lyme disease vaccine, a market that analysts believe could be worth billions of dollars.

Valneva's Upside Potential: Analysts Bullish on Growth

Analysts at Stifel and Guggenheim Securities have issued bullish outlooks on Valneva, with price targets indicating a potential upside of over 200% in the next 12 months. The investment banks highlight Valneva's expanding operating margins, driven by the growing contribution of Lyme disease vaccine royalties, as well as the company's ability to navigate the clinical, manufacturing, and commercialization challenges associated with vaccine development.