Large-cap stocks usually command their industries because they have the scale to drive market trends. The flip side though is that their sheer size can limit growth as expanding further becomes an increasingly challenging task.
This dynamic can trouble even the most skilled investors, but luckily for you, we started StockStory to help you navigate these trade-offs and uncover exceptional companies that break the mold. That said, here are three large-cap stocks that still have big upside potential.
DoorDash (DASH)
Market Cap: $106.3 billion
Founded by Stanford students with the intent to build “the local, on-demand FedEx", DoorDash (NYSE:DASH) operates an on-demand food delivery platform.
Why Should You Buy DASH?
- Orders have grown by 20.3% annually, allowing for more profitable cross-selling opportunities if it can build complementary products and features
- Additional sales over the last three years increased its profitability as the 111% annual growth in its earnings per share outpaced its revenue
- Free cash flow margin expanded by 11.9 percentage points over the last few years, providing additional flexibility for investments and share buybacks/dividends
DoorDash is trading at $248.95 per share, or 34.6x forward EV/EBITDA. Is now the time to initiate a position? Find out in our full research report, it’s free.
MercadoLibre (MELI)
Market Cap: $122.6 billion
Originally started as an online auction platform, MercadoLibre (NASDAQ:MELI) is a one-stop e-commerce marketplace and fintech platform in Latin America.
Why Are We Bullish on MELI?
- Unique Active Buyers are rising, meaning the company can increase revenue without incurring additional customer acquisition costs if it can cross-sell additional products and features
- Strong engagement trends coupled with 15.5% annual growth in its average revenue per user demonstrate its platform’s stickiness with die-hard customers
- Impressive free cash flow profitability enables the company to fund new investments or reward investors with share buybacks/dividends, and its recently improved profitability means it has even more resources to invest or distribute
MercadoLibre’s stock price of $2,417 implies a valuation ratio of 24.3x forward EV/EBITDA. Is now the right time to buy? See for yourself in our full research report, it’s free.
Axon (AXON)
Market Cap: $57.32 billion
Providing body cameras and tasers for first responders, AXON (NASDAQ:AXON) develops technology solutions and weapons products for military, law enforcement, and civilians.
Why Are We Backing AXON?
- Unit sales averaged 28.8% growth over the past two years and imply healthy demand for its products
- Incremental sales over the last two years have been highly profitable as its earnings per share increased by 46.5% annually, topping its revenue gains
- Historical investments are beginning to pay off as its returns on capital are growing
At $730.15 per share, Axon trades at 110.2x forward P/E. Is now a good time to buy? Find out in our full research report, it’s free.
High-Quality Stocks for All Market Conditions
Donald Trump’s April 2025 "Liberation Day" tariffs sent markets into a tailspin, but stocks have since rebounded strongly, proving that knee-jerk reactions often create the best buying opportunities.
The smart money is already positioning for the next leg up. Don’t miss out on the recovery - check out our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025).
Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today for free. Find your next big winner with StockStory today. Find your next big winner with StockStory today
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