14 Best Growth Stocks Under $10 to Buy Right Now

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10. Payoneer Global Inc. (NASDAQ:PAYO)

Stock price as of May 2nd: $7.21

Revenue CAGR last 5 years: 25.68%

Number of Hedge Fund Holders: 35

Payoneer Global Inc. (NASDAQ:PAYO) is a financial technology company that provides payment solutions for freelancers, online sellers, and small businesses specializing in e-commerce. The company’s competitive advantage is establishing a strong presence at lower volume brackets (the typical freelancer receiving his pay online), which may have difficulties with cross-border payments. PAYO’s platform supports transactions in more than 200 countries and also offers solutions for working capital management to help businesses grow. The US-based company was also mentioned on our recent list of 10 Best Low Priced Growth Stocks To Invest In.

Payoneer Global Inc. (NASDAQ:PAYO) delivered a record-breaking 2024 with volume growth of 21%, revenue growth excluding interest income of 20%, and generated $271 million of adjusted EBITDA, representing a 28% adjusted EBITDA margin for the year. The company demonstrated strong execution across multiple fronts, with B2B volume growing 42% YoY, significantly outpacing their initial target of 25%, while average revenue per user, excluding interest income, grew 21% YoY, marking 6 consecutive quarters of acceleration. Customer adoption of 3 or more products reached 53% of total usage in Q4 2024, representing a 30% increase over Q1 2022.

Looking ahead to 2025, Payoneer Global Inc. (NASDAQ:PAYO) expects revenues between $1,040 million and $1,050 million, implying 7% growth YoY. The company’s strategy to build a global financial stack for enterprises is working, with a focus on connecting underserved businesses to the global economy while delivering sustainable, profitable growth. The company has demonstrated improving profitability, projecting adjusted EBITDA between $255 million and $265 million for 2025, representing an adjusted EBITDA margin of approximately 25%, while core business profitability is expected to increase to between $40 million and $50 million, over 3x higher than in 2024. With a stock price of only $7.21 and a 25.68% 5-year revenue CAGR, PAYO is one of the best growth stocks on our list.

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