Stocks closed up handily on Friday after getting close to a retest of August lows. Investors keep proving that they will buy value and dips when the stock market sells off. 24/7 Wall St. reviews dozens of analyst research reports each morning of the week to find new trading and investing ideas for its readers. While some analyst calls cover stocks to buy, a traditional Buy or Outperform rating comes with implied upside of 8% to 15% for Dow Jones Industrial Average and S&P 500 stocks.

There is another category of analyst upgrades and positive calls outside of these traditional views, and these are where an analyst sees much higher upside. Some analyst calls suggest upside of 30%, 50% or even 100%. 24/7 Wall St. ends up reviewing 200 to 300 analyst calls during the course of most weeks, and out of these reports there are some serious upside calls — and sometimes they are in stocks that are not micro-cap or very low-priced.

Investors must know that the more upside an analyst sees, the more risk is implied as well. This week’s massive upside calls did actually include some major large cap stocks that are extremely well known to the investing community and to consumers alike.

Here are seven fresh analyst calls from this past week in which analysts see massive upside, above and beyond the traditional analyst calls.

Ambarella Inc. (NASDAQ: AMBA) was maintained as Overweight by Pacific Crest on Tuesday, with the firm saying that the company should not be tied exclusively to GoPro. While the price target was cut to a more realistic $102 from $123, the firm’s lower price target still leaves more than 70% implied upside, based on other opportunities outside of GoPro.

Ambarella’s consensus analyst price target is now around $99.00, and the shares have a 52-week trading range of $33.71 to $129.19.

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Devon Energy Corp. (NYSE: DVN) was raised to Outperform from Market Perform at Bernstein on Friday. The firm assigned a $58.00 price target, which was against a prior $37.09 close and versus a $40.72 close after the upgrade. This still leaves implied upside of about 45%, if you include the dividend, and that is after shares rose almost 8% on Friday.

Devon has a consensus price target of just over $60.00, and its 52-week range is $36.01 to $70.48. Devon’s market cap is still over $16 billion, despite being cut in almost half from its 52-week high.

Intel Corp. (NASDAQ: INTC) was given big upside by Canaccord Genuity on Friday. The firm is confident in Intel’s dividend and long-term data center growth strategy, and its reiterated Buy rating came with $39.00 price target, which is just $1.00 shy of Wall Street’s highest analyst price target. Another positive view is that Canaccord sees a sharp cut in mobile losses in 2016 at the same time that it grows from the Internet of Things, and it even thinks most of the downside is known by investors.

Intel closed at $30.51 on Friday, and it has a consensus price target of $33.65 and a 52-week range of $24.87 to $37.90.

J.C. Penney Co. Inc. (NYSE: JCP) found new life this week after Sterne Agee CRT raised its rating to Buy from Neutral this past Monday. The firm also set a $13.00 price target, compared with a prior $9.43 close and Friday’s close of $9.92. The firm was able to sit down with J.C. Penney’s new CEO and it expressed confidence in the turnaround plan. This could value the struggling department store chain at more than one-third higher.

Shares of J.C. Penney have a consensus price target of $10.03 after this upgrade and a 52-week trading range of $5.90 to $10.20.

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Level 3 Communications Inc. (NASDAQ: LVLT) is the biggest independent Web backbone of them all, and UBS sees big upside. A research report on Wednesday raised Level 3’s rating to Buy from Neutral, and the call came with a $57.00 price target, versus a prior $41.64 close. This still leaves implied upside of about 33% from Friday’s closing price of $43.18.

The company is already well-established, and many investors know that if the share price ever gets too low that a buyer would likely emerge for its wide-moat backbone that would be extremely difficult to replicate. Level 3 has a consensus price target of just over $60.00, as well as a 52-week range of $37.61 to $57.08.

PMC-Sierra Inc. (NASDAQ: PMCS) was raised to Positive from Neutral at Susquehanna on Friday. While this stock seems to be perpetually stuck in the “under $10 club,” the price target was raised to $11 from $7 in this call. This represents just over 50% implied upside from the $7.25 prior close.

PMC-Sierra shares closed up 2.5% at $7.43 on Friday, but this still leaves about 50% implied upside. PMC-Sierra has a consensus price target of just over $10 and a 52-week range of $5.65 to $9.86.

Sirius XM Holdings Inc. (NASDAQ: SIRI) saw its best analyst target get reiterated on Friday; that is, FBR Capital Markets’ $6.00 price target. That implies over 50% upside if the most aggressive analyst here is right. The move is on the heels of strong U.S. car sales continuing with a high, new car penetration at the same time Sirius XM keeps penetrating the used car market.

The consensus price target is down at $4.60, and Sirius XM closed at $3.83 on Friday. Sirius XM has a 52-week range of $3.14 to $4.04. The one word of caution we would address about the consensus analyst price target of $4.60 and the street-high target of $6.00 is that the last time this stock was above $5.00 was back in 2006.

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Again, when analysts call for implied upside of 30%, 50% or almost 100%, it usually implies higher risk as well. These may be well-known stocks, but the reality is that they are, generally speaking, among the most bullish of all analyst calls on these stocks.

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