These 8 ‘strong buy’ stocks are expected to soar by more than 100% to 200%, according to Wall Street’s top analysts

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• This year, investors took profits from mega-cap tech stocks.
• Meanwhile, the rest of the stock market largely lagged behind.
• These eight stocks could be strong bets, as leading analysts see them as having big upside.

It hasn't been a bad year for the S&P 500, considering fears over a potential recession overshadowed stock market forecasts for 2023. So far this year, the index has remained resilient, up nearly 14% until Friday.

But just a handful of names, specifically the seven great mega-cap stocks, accounted for most of those gains; the rest of the market has largely been left behind. Profit-seeking investors have also been able to add risk-free returns thanks to the higher yields offered by US bonds.

For Dave Sekera, Morningstar's chief US market strategist, now is a good time for investors to look for bargains value stocks that quote with discounts. In a recent interview with Insider, he shared a list of high-quality picks in various sectors that his company believes are trading at deep discounts, between 9% and 42% below their fair market value.

If you're looking for other ideas for quality picks with even bigger upside, TipRanks compiles a list of Strong Buy-rated stocks that are most recommended by Wall Street's top-rated analysts.

TipRanks, a stock market research platform, assigns four or five star ratings to analysts based on three main criteria:

• The average returns of an analyst

• Gains or losses from recommendations.

• The volume of corrections and transactions they make.

Below is a list of eight mega- and mid-cap stocks that are expected to see the biggest upside.