11 Most Promising Small-Cap Stocks According to Analysts

6. Acadia Healthcare Company Inc. (NASDAQ:ACHC)

Market Capitalization as of April 23: $1.99 billion

Number of Hedge Fund Holders: 46

Average Upside Potential as of April 23: 84.59%

Acadia Healthcare Company Inc. (NASDAQ:ACHC) provides behavioral healthcare services in the US and Puerto Rico. It develops and operates acute inpatient psychiatric facilities, specialty treatment facilities that include residential recovery facilities & eating disorder facilities, comprehensive treatment centers, and residential treatment centers.

In 2024, Acadia completed the construction on ~1,300 beds, with ~1,100 completed during Q4. A total of 776 new beds became operational in 2024, which included the opening of 4 new acute inpatient hospitals. In Q4 alone, 577 newly constructed beds became operational, with 344 of these in new facilities. This continued into the first 2 months of 2025, with an additional 313 licensed beds added.

Same facility patient days also grew by 3.2% in Q4 and remained stable between 3% and 4% throughout the quarter. Acadia is also growing through Twin Venture Partnerships with well-respected health systems. It opened a 144-bed joint venture hospital with Intermountain Health in Denver in Q4 and a 192-bed joint venture hospital with Henry Ford Health in Detroit recently. In 2025, Acadia expects to add between 800 and 1,000 total beds.