UPST - Top 10 Mid-Cap performers of 2023 including C3.ai and Riot Platforms
2023-06-23 11:12:16 ET
As Wall Street approaches the midpoint of 2023, many mid-cap stocks have provided investors with sizable returns. Of the roughly 1,000 mid-cap stocks available for investors, 101 of them have returned 50% or more since the end of 2022. This includes several rallies of more than 100% and one name that has returned over 400%.
"Large-cap equities have outperformed mid-cap equities recently, but a long-term outlook suggests diversification with mid-cap firms is beneficial," Seeking Alpha analyst RidgeHaven Capital said of the outlook for the mid-cap field.
Fellow SA analyst Ploutos Investing noted : "Mid-cap stocks appear to be an area that is often overlooked, as it only represents about 10% of the total U.S. market."
Also supporting mid-caps is Wells Fargo , which stated: "We prefer mid-cap growth to small caps long term because they are less levered, have better access to capital, and are not as reliant on an economic recovery for EPS growth."
See below a list of the top 10 stocks with the best performances in 2023 that have valuations between $2B-$10B.
Top 10 Performing Mid-Cap Stocks for 2023
No. 10: Viking Therapeutics, Inc. ( VKTX ), +131.9% YTD.
No. 9: Schrödinger, Inc. ( SDGR ), +133.7% YTD.
No. 8: Upstart Holdings ( UPST ), +141.9% YTD.
No. 7: Reata Pharmaceuticals, Inc. ( RETA ), +155.6% YTD.
No. 6: Opendoor Technologies Inc. ( NASDAQ: OPEN ), +173.3% YTD.
No. 5: Riot Platforms, Inc. ( NASDAQ: RIOT ), +231.5% YTD.
No. 4: C3.ai, ( NYSE: AI ), +234.6% YTD.
No. 3: Marathon Digital Holdings ( NASDAQ: MARA ), +245.9% YTD.
No. 2: ImmunoGen ( IMGN ), +298.2% YTD.
No. 1: Carvana Co. ( CVNA ), +438.82% YTD.
From a slightly longer viewpoint, see how the above stocks fared over a 1-year trading period: VKTX +744.9% , SDGR +59.9% , UPST -11.2% , RETA +200.1% , OPEN -34.2% , RIOT +144.3% , AI +110.9% , MARA +75.2% , IMGN +373.6% , and CVNA +1.59% .
From a more diversified stance, see a handful of mid-cap related exchange traded funds along with their 2023 performance:
- SPDR S&P Midcap 400 ETF Trust ( MDY ) +5.3% .
- iShares Russell Midcap ETF ( IWR ) +5.6% .
- Vanguard Mid-Cap ETF ( VO ) +5.9% .
- iShares Core S&P Mid-Cap ETF ( IJH ) +5.3% .
- Vanguard Mid-Cap Value ETF ( VOE ) +0.3% .
More on Mid-Cap Names:
- Is Upstart Stock A Buy Or Sell Now?
- Carvana: Don't Be Fooled By The Recent Profit Forecast
- C3.ai: A Bubble Waiting To Pop
For further details see:
Top 10 Mid-Cap performers of 2023, including C3.ai and Riot Platforms