In a recent analysis, TipRanks, a trusted platform for tracking analysts' opinions, has identified three stocks that are considered undervalued by select Wall Street analysts. These stocks, Academy Sports and Outdoors (ASO), Celsius Holdings (CELH), and Nice (NICE), are believed to have significant upside potential, ranging from 25% to 57%.

Starting with Academy Sports and Outdoors, out of the 16 analysts covering the company, 12 recommend buying the stock, while the remaining four suggest holding. With an average price target of approximately $66 per share, representing a 25% increase from the current trading level, analysts have faith in the company's growth prospects. Academy Sports operates large sporting goods stores that generate high sales volumes per location and plans to open 160 to 180 new stores over the next five years. Moreover, management aims to improve its profit margin to 10%, higher than the current 6% reported in the first quarter of 2024.

Moving on to Celsius Holdings, which produces energy drinks, eight out of 10 prominent analysts tracking the company recommend buying, while the other two suggest holding. The consensus price target for Celsius stands at nearly $91 per share, indicating a 47% increase from its current trading price. Despite a recent slight dip in market share, Celsius has enjoyed rapid growth and currently holds the third-highest market share in the energy drinks niche, following Red Bull and Monster. With plans to expand its international presence, analysts believe that Celsius has the potential for significant growth in the coming years.

Lastly, Nice, an artificial intelligence (AI) customer-service software company, has received unanimous support from all 16 prominent analysts covering the stock. The analysts' average price target is $274 per share, reflecting an impressive 57% upside. While facing competition in the AI market, Nice has already secured top-tier clients globally and foresees a positive business outlook due to the growing trend of AI implementation. The company expects 14% to 15% revenue growth this year and aims to increase its full-year free cash flow by at least 26% to $600 million.

While investors should consider the opinions of analysts, it is essential to conduct their own research and analysis. Analysts' predictions may not always align with actual market outcomes. However, the consensus among these professionals regarding the undervalued status and significant upside potential of these three stocks is worth considering. Academy Sports and Outdoors, Celsius Holdings, and Nice all present opportunities for investors seeking long-term growth and profitability.

It is important to note that price targets set by analysts are typically projected for around 12 months in the future. As such, the upside potential of these stocks may vary over different time horizons. Investors should exercise caution and carefully evaluate these stocks based on their individual investment goals and risk appetite.