3 Non-Nvidia High P/E Ratio Stocks Set for Over 40% Gains

Using the TipRanks Stock Screener Tool, we identified three non-Nvidia (NVDA) companies with high price-to-earnings (P/E) ratios, Strong Buy consensus ratings, and more than 40% upside potential over the next 12 months, making them compelling opportunities for growth-focused investors.

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An investment’s true worth comes from its expected future growth. A high P/E ratio can suggest overpricing, yet it often mirrors optimism about rapid earnings growth. The essential step is to compare current prices with the anticipated growth trajectory. Buying high P/E stocks means betting on companies with robust fundamentals, continuous innovation, and growing markets.

Here Are This Week’s High P/E Stocks

Robinhood (HOOD) – Robinhood’s P/E ratio of 45.8x, stands 237% above the sector average of about 13.7x. On TipRanks, the average Robinhood price target of $156.24 implies 41.6% upside potential from current levels.

Robinhood operates an online trading platform that allows users to invest in stocks, exchange-traded funds (ETFs), options, gold, and cryptocurrencies. The addition to the S&P 500 index last year has been a major catalyst in the stock’s appreciation. HOOD’s user-friendly interface and commission-free trading continue to attract a growing base of retail investors seeking accessible entry into markets. Expansion into cryptocurrency, international markets, and new financial products like wealth management further strengthens its competitive edge in the fintech space.

ServiceNow (NOW) – Now has a P/E ratio of 79.3x, versus the sector average of 32.7x, or 142% higher. The average ServiceNow price target of $221.81 on TipRanks, implies an impressive 69% upside potential.

ServiceNow holds a leadership position in cloud workflow automation amid surging AI growth. The company benefits from strong subscription revenue projections exceeding $12.8 billion for FY25, a 98% renewal rate, and expanding margins fueled by AI innovations like Now Assist, which is on track to surpass $500 million in ACV (annual contract value). Recent acquisitions and platform expansions into security, CRM (customer relationship management), and new enterprise domains further enhance its addressable market.

Chewy (CHWY) – Chewy has a P/E ratio of 67.7x, which is about 225% higher than its sector average of 20.7x. On TipRanks, the average Chewy price target of $47.19 implies 44% upside potential.

Chewy is a leading online pet retailer, showcasing a robust growth profile, market share gains, and reliable recurring revenue from the Autoship subscription model. Earnings also consistently surpass expectations, supported by a growing active customer base and profitability improvements amid resilient pet spending.

To find more stocks like these, explore TipRanks’ Stock Screener Tool, which provides an updated list of stocks that can be filtered and scanned using various parameters.

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