2 TSX Stocks Under $100 That Could Skyrocket

Finding stocks that can truly provide double-up potential in any market is a difficult task. Indeed, in a good year, a double-digit total return should be enough for most investors to cheer.

That said, I think a few TSX stocks provide the kind of upside investors are looking for in this regard. Here are two top names trading at less than $100 per share I think could have massive upside over the next year to five years.

Lightspeed Commerce

I have to admit, Lightspeed Commerce (TSX:LSPD) is a speculative pick I’m starting this list off with. That said, the company has made up some ground in recent weeks, despite declining by around 20% over the past year.

This is a company I’d identify as a top turnaround story for those patient investors seeking companies with material upside potential. Indeed, looking at the valuation LSPD traded at during the pandemic era, this is a stock that could certainly boom if we see the digital commerce trends we’ve seen in the past continue, and a boost in brick-and-mortar sales from strong consumer spending.

Of course, there are headwinds on these fronts that investors need to consider. That said, from a valuation standpoint, Lightspeed hasn’t been this cheap in some time, trading around 12 times next year’s enterprise value/sales. That’s reasonable given the company’s fundamentals, which have been strong of late.

In its recent third-quarter report, Lightspeed noted year-over-year revenue growth of 11% to $312.3 million. This was fueled by steady climbs in average revenue per user and accelerating adoption in North American retail and European hospitality. Gross margins expanded too, hitting 43% overall with software at a stellar 82%. That was thanks to AI-driven efficiencies and optimized cloud costs, clear signs that the company is scaling up intelligently.

Subscription revenue grew 6%, but transaction-based margins rose to 31%, positioning Lightspeed perfectly for the omnichannel boom as small businesses digitize faster than ever. Analysts continue to see significant upside in this stock, and while I think it’s a risky bet (all things considered), this is one of the top Canadian growth stocks that remains on my radar right now.

Bird Construction

Lastly, I want to touch on a company I haven’t discussed much in the past, but that does look like an excellent stock which could have material upside from here: Bird Construction (TSX:BDT).

This construction giant has an absolutely impressive backlog and is trading at a level I think provides very attractive upside for those thinking long term. At a forward price-earnings ratio around 10 times, this is a stock that looks like a steal, given its proven earnings power and sector tailwinds.

Fundamentals also appear to be rock-solid. In the first quarter of 2025, revenue hit $717.6 million (up 4.3% year-over-year), with adjusted EBITDA soaring 41% to $34.1 million (4.8% margin) and gross profit margins improving to 9.4%. The crown jewel? A record $4.3 billion backlog, including $1.3 billion added in Q1 alone, loaded with high-margin work in power, infrastructure, and defence. Such projects include the likes of the East Harbour Transit Hub and Ontario Power Generation projects.

With a strong balance sheet ($137.8 million in cash, $336.7 million in credit availability, and a debt-to-equity ratio of 52.4%), I think there’s plenty of firepower for accretive deals in priority sectors. With 60% organic growth in recent quarters and predictable revenue visibility, Bird’s resilient model could rerate sharply as execution delivers. This is your infrastructure play right now.

The post 2 TSX Stocks Under $100 That Could Skyrocket appeared first on The Motley Fool Canada.

Should you invest $1,000 in Bird Construction Inc. right now?

Before you buy stock in Bird Construction Inc., consider this:

The Motley Fool Canada team has identified what they believe are the top 10 TSX stocks for 2026… and Bird Construction Inc. wasn’t one of them. The 10 stocks that made the cut could potentially produce monster returns in the coming years.

Consider MercadoLibre, which we first recommended on January 8, 2014 … if you invested $1,000 in the “eBay of Latin America” at the time of our recommendation, you’d have $20,155.76!*

Now, it’s worth noting Stock Advisor Canada’s total average return is 90%* – a market-crushing outperformance compared to 81%* for the S&P/TSX Composite Index. Don’t miss out on our top 10 stocks, available when you join our mailing list!

Get the 10 stocks instantly #start_btn6 { background: #0e6d04 none repeat scroll 0 0; color: #fff; font-size: 1.2em; font-family: 'Montserrat', sans-serif; font-weight: 600; height: auto; line-height: 1.2em; margin: 30px 0; max-width: 350px; text-align: center; width: auto; box-shadow: 0 1px 0 rgba(0, 0, 0, 0.5), 0 1px 0 #fff inset, 0 0 2px rgba(0, 0, 0, 0.2); border-radius: 5px; } #start_btn6 a { color: #fff; display: block; padding: 20px; padding-right:1em; padding-left:1em; } #start_btn6 a:hover { background: #FFE300 none repeat scroll 0 0; color: #000; } @media (max-width: 480px) { div#start_btn6 { font-size:1.1em; max-width: 320px;} } margin_bottom_5 { margin-bottom:5px; } margin_top_10 { margin-top:10px; }

* Returns as of February 17th, 2026

More reading

• 2 TSX Stocks Under $20 You Want to Own Right Now
• How Government Infrastructure Plans Could Reshape Your Portfolio
• 3 TSX Stocks Set to Drive Canada’s 2026 Nation-Building Efforts
• 2 TSX Stocks Under $50 That Could Skyrocket
• 2 Growth Stocks Set to Skyrocket in 2026 and Beyond

Fool contributor Chris MacDonald has no position in any of the stocks mentioned. The Motley Fool recommends Lightspeed Commerce. The Motley Fool has a disclosure policy.