Shares that might win huge if oil costs proceed to slip embody Superior Micro Units and Datadog , in response to Jefferies. West Texas Intermediate crude oil costs have already taken a leg decrease this yr, down from round $80 per barrel in mid-January to round $68 at the moment. A number of components have contributed to the weak point, together with President Donald Trump’s world tariff struggle and the choice from OPEC+ members to hike manufacturing. The pattern is unlikely to reverse anytime quickly, in response to Jefferies, which wrote in a Thursday notice that oil costs are prone to keep low in the meanwhile. However though power corporations may take a success, the agency believes shares in another sectors might truly win huge. “By way of the broader market implications, the [near-term] crude worth softness — and potential stabilization at these ranges — might function a tailwind for U.S. equities,” the financial institution wrote. “Important worth corrections in WTI have tended to correspond with intervals of EPS development and share efficiency for a number of (doubtlessly counter-intuitive) sectors: the tech advanced and discretionary.” In the identical notice, Jefferies included an inventory of shares that might outperform on decrease oil costs, together with the next: Superior Micro Units shares have surged 30% this yr, however the graphics processing unit producer could have additional upside. Final week, HSBC upgraded its ranking to purchase from maintain. Analyst Frank Lee’s goal worth of $200 per share, up from $100, is about 27% above Friday’s shut. “We improve to Purchase as we imagine the pricing premium is undervalued and there might be additional upside to earnings pushed by MI400 sequence launch in 2026,” Lee wrote. “We now anticipate that upside to FY26e AI income will result in greater re-rating to AMD that isn’t totally priced in by the market regardless of the 14% share worth rally submit its AI day occasion (12 June).” Datadog, up 1% this yr, was one other identify that might win huge, in response to Jefferies. Wolfe Analysis agreed with this bullish take, upgrading the inventory to an outperform ranking from peer carry out final month. “After attending DASH in NYC the place the vibes have been sky-high with AI bulletins aplenty, we’re right here to say that we imagine these turbulent instances are within the rearview and this canine is not simply looking once more, it is feasting!” wrote analyst Alex Zukin. Zukin’s $150 worth goal implies an upside of three% from Datadog’s Friday closing worth. Jefferies additionally singled out Zscaler as a inventory that might outperform on decrease oil costs. Shares of the cybersecurity firm have soared 60% in 2025. In June, Wells Fargo upgraded the inventory to an chubby ranking from equal weight. Analyst Andrew Nowinski’s new worth goal of $385, up from $260, is round 33% above the inventory’s present buying and selling worth. As a catalyst, the analyst highlighted robust momentum in Zscaler’s new and upsell enterprise this fiscal yr. Unscheduled billings development ought to enhance from right here, whereas scheduled billings ought to change into much less of a headwind subsequent yr. “We imagine this can present the muse for 20%+ billings development in FY26, as these unscheduled billings will change into a part of the scheduled billings,” Nowinski added.