The sharp declines on Wall Street may have temporarily knocked down some stocks that will soon bounce back, according to analysts. A big sell-off in the stock market on Tuesday dragged the Nasdaq down nearly 4% . The tech-heavy index set a new low for the year and has dropped more than 12% in April alone. The retreat for stocks has been broad, and it's taken out some stocks that are highly thought of by Wall Street pros. Several of those names now have giant upside, according to analyst estimates. The stocks listed below closed within 2% of their 52-week low on Tuesday, have buy ratings from a majority of analysts and have upside of at least 20%, according to average price targets compiled by FactSet. Additionally, the companies have projected earnings growth of at least 10% and recent upward revisions to earnings projections. Source: FactSet The list includes stocks from a variety of sectors. In beaten-down tech, software company Autodesk and chipmaker Applied Materials both have upside of more than 50% to their average price target, according to FactSet. Two more big names with major upside are Walt Disney and FedEx . Disney has been hurt in recent weeks by investors souring on streaming video businesses, but analysts see the company's earnings per share nearly doubling this year. FedEx, meanwhile, has dropped more than 22% year to date. However, analysts see the stock jumping 44% from here. The stock on the list with the highest approval rating and biggest average upside is Generac Holdings . The generator company has buy ratings from 81% of analysts and an average price target that is more than 90% above where it closed on Tuesday. Generac shares fell more than 6% on Tuesday and are down nearly 35% in 2022.
A worker inspects a 24-kilowatt Generac home generator at Captain Electric on February 18, 2021 in Orem, Utah.
George Frey | Getty Images
The sharp declines on Wall Street may have temporarily knocked down some stocks that will soon bounce back, according to analysts.