The hype is fading, and some worrying news is weighing on the stock.
Discover eight other mega-caps that currently offer a much more attractive profile.
SpaceX () stock continued its sharp pullback on Monday, June 22, falling 16.43% after declines of 4.95% on Wednesday and 3.56% on Thursday. The stock now sits 31.5% below its June 15 peak of $225.64, reached just days after its IPO at $135 per share.
Several factors have fueled the correction. The biggest catalyst was the announcement of a $20 billion bond offering for institutional investors, less than two weeks after an IPO that already raised $86 billion. The move revived concerns about the company’s substantial capital requirements.
Investors also reacted cautiously to the planned $60 billion all-stock acquisition of AI startup Anysphere. At the same time, a CCC ESG rating from MSCI and a neutral initiation from KeyBanc added to the pressure.
Valuation remains another point of debate. InvestingPro’s Fair Value estimate stands at $148.70, slightly below the current share price, suggesting limited upside based on fundamental models. While analyst sentiment remains largely positive, with six Buy ratings and one Sell rating, the average price target implies a more moderate return profile than the stock’s early trading surge suggested.
For investors who missed the IPO, the risk-reward balance appears less compelling today. With momentum still weak and no clear signs of stabilization, further profit-taking remains a possibility. Meanwhile, several other US megacap stocks currently offer more attractive valuations and potentially stronger risk-adjusted opportunities.
These 8 US Megacaps Show Solid Potential
To identify them, we used the Investing.com screener and applied the following criteria:
Market capitalization greater than $200 billion
Upside potential of more than 10% based on InvestingPro’s Fair Value
Upside potential of more than 20% based on the average analyst target price
Financial Health score above 2.5/5
This search allowed us to identify 8 opportunities:
Specifically, these US mega-cap stocks show upside potential ranging from +13.6% to +31.8% according to InvestingPro’s Fair Value, and from +27.6% to +57.8% according to analysts.
Among these stocks are:
MSFT: Microsoft Corporation () offers a sharp contrast to the speculative enthusiasm surrounding newly listed companies. The software giant generates more than $300 billion in annual revenue and maintains industry-leading profitability. In its latest quarter, earnings exceeded expectations, supported by strong Azure growth and a rapidly expanding cloud backlog. Despite its leadership in AI and cloud computing, Microsoft trades at a forward P/E of roughly 20.5x, a level that remains reasonable relative to its growth profile and cash generation.
META: Meta Platforms Inc () has become increasingly attractive as earnings growth has outpaced share-price appreciation. The stock trades below its historical valuation averages despite continued strength across its advertising and AI businesses. In Q1 2026, revenue rose 33% year over year to $56.3 billion, while EPS reached $10.44. The company is aggressively expanding its AI infrastructure through higher capital spending, a strategy that may weigh on free cash flow in the near term but could strengthen its competitive position over the long run.
However, many other stocks on this list offer more attractive profiles.
Below are the key ways an InvestingPro subscription can enhance your stock market investing performance:
ProPicks AI: AI-managed stock picks every month, with several picks that have already taken off this month and in the long term.
Warren AI: Investing.com’s AI tool provides real-time market insights, advanced chart analysis, and personalized trading data to help traders make quick, data-driven decisions.
Fair Value: This feature aggregates 17 institutional-grade valuation models to cut through the noise and show you which stocks are overhyped, undervalued, or fairly priced.
1,200+ Financial Metrics at Your Fingertips: From debt ratios and profitability to analyst earnings revisions, you’ll have everything professional investors use to analyze stocks in one clean dashboard.
Institutional-Grade News & Market Insights: Stay ahead of market moves with exclusive headlines and data-driven analysis.
A Distraction-Free Research Experience: No pop-ups. No clutter. No ads. Just streamlined tools built for smart decision-making.
Vision AI: InvestingPro’s newest addition. It analyzes any asset’s chart with professional-grade market intelligence, identifying key timeframes, technical patterns, and indicators — then delivers a clear trading playbook with the levels, scenarios, and risks that matter most in under a minute.
Not a Pro member yet?
Disclaimer: This article is written for informational purposes only. It is not intended to encourage the purchase of any assets and does not constitute an offer, solicitation, recommendation, or advice to invest. I would like to remind you that all assets are evaluated from multiple perspectives and are highly risky; therefore, any investment decision and the associated risk are the sole responsibility of the investor. Additionally, we do not provide any investment advisory services.
