15 Stocks that will 10x in 5 Years According to the Media

Published on April 21, 2023 at 2:55 pm by Ramish Cheema in Market Movers, News

In this piece, we will take a look at the 15 stocks that will 10x in five years. For more stocks, head on over to 5 Stocks that will 10x in 5 Years According to the Media.

Investing in the stock market can very well be described as reading a crystal ball. After all, profit or gains are the primary motives anyone ever buys shares, and the crystal ball consists of a variety of factors including the firm’s positioning in its market, the market size, a potential early mover advantage, growths for the market, financial fundamentals, and management strength among some of the few factors that most folks analyze before making an investing decision.

For the uninitiated, these factors can feel overwhelming at times. However, get them right then all you have to do is to sit back and enjoy the returns. And in some cases the returns are massive. Stocks that return more than 100% are called multi baggers, and you might be surprised to know that there are dozens of them on the market. Our coverage, 12 Best Multibagger Stocks to Buy Now, list down exactly a dozen of these companies. Out of the top twelve, the top three stocks that gained more than 300% in returns at the time of publishing are Nine Energy Service, Inc. (NYSE:NINE), Target Hospitality Corp. (NASDAQ:TH), and Scorpio Tankers Inc. (NYSE:STNG), which gained 642%, 372%, an 334% during the twelve month period that ended on December 13, 2022. Where are these companies now? Well, Nine Energy, a popular Wall Street Bets stock, lost most of its gains this year, Target Hospitality is down 14% year to date, but Scorpio Tankers has gained an additional 5% over the course of 2023’s first four months. On the surface, this might make you scratch your head and think that perhaps multi bagger stocks are nothing but huff and puff. But look a little deeper and you’ll realize that had you timed your bets at the right time and then cashed out right at the top, you’d have made massive returns before the shares dropped.

Another cool set of stocks that excites investors is ten bagger stocks. Think a stock returning more than 100% is stunning? Well, there’s an entire category of stocks called ten baggers, which refers to shares that appreciate one thousand percent! Sounds a bit like a fairy tale, doesn’t it? After all, if there was a surefire way of turning your dollar into $1,000 then everybody would be rushing to these companies too. However, once again, we’ve got a surprise for you as there are several ten bagger stocks out there as well. But these gains have a long time period, as typically if a firm’s shares have gained 1,000% in just a year then you have more reasons to be suspicious than to be excited.

So, the next question to ask is what are these ten baggers, and which firms have seen these returns on the stock market? Well, the first stock is everyone’s favorite, the Cupertino, California consumer technology giant Apple, Inc. (NASDAQ:AAPL). Since 2013, Apple’s shares have jumped by more than 10.5x, from an approximate trading value of $14 in late April to today’s $161 per share. Another firm whose shares have grown by more than 10x is Netflix, Inc. (NASDAQ:NFLX). Netflix’s shares were trading at approximately $23 in April 2023, with the current share price of $334 making the gains clear as daylight. Others that have bested the market and posted even stronger returns are Advanced Micro Devices, Inc. (NASDAQ:AMD) and NVIDIA Corporation (NASDAQ:NVDA).

After identifying a handful of ten baggers, one has to wonder what are the secrets to their success. Well, for that you’d have to jump right to the top of our list and see some of the factors we believe make for strong stock picking. Out of these, Apple, Netflix, NVIDIA, and AMD were all favorably positioned in their markets. AMD is among the handful of firms that has a license to make and sell x86 microprocessors, which are the backbone of modern day computing. NVIDIA is among the earliest movers in accelerated computing and artificial intelligence. Netflix developed an online streaming platform before all others, and Apple was the first to introduce user friendly yet technologically complex gadgets.

NVIDIA’s founder and chief executive officer Mr. Jen-Hsun Huang revealed the secrets of his success in an interview given to CNBC in March 2023, where he highlighted some crucial bets that the company made before all others and outlined:

But the part that was really wonderful was when we realized that Alexnet is not just some neural network, but it’s a whole new way of doing software. Alexnet is profound in that way. Not only was it a giant breakthrough in computer vision, it was also a profoundly new way of doing software. Some people call it software 2.0, where the machine augments the software programmers, and the data writes the software. Instead of humans typing in a software program, the data creates the software.

That way of using experience or data to cause a software to be able to make future predictions was so profound, and we had the good wisdom to put the whole company behind it. We saw early on, about a decade or so ago, that this way of doing software could change everything. All of the software that we wanted to write that we didn’t know how to write, we could now do. And that was a great decision, and we changed the company from the bottom to all the way to the top and sideways. Every chip that we made was focused on artificial intelligence. We built a wonderful research organization dedicated to artificial intelligence. Our entire software stack was invented for AI.

With these details in mind, let’s take a look at some stocks that can grow by 10x in the next five years, with some top picks being SoFi Technologies, Inc. (NASDAQ:SOFI), Meta Platforms, Inc. (NASDAQ:META), and Desktop Metal, Inc. (NYSE:DM).

Photo by Sharon McCutcheon on Unsplash

Our Methodology

We cast a wide net for our hunt for stocks that can grow 10x in five and ten years. As part of our research, we consulted 11 different financial media outlets (1,2,3,4,5,6,7,8,9,10,11). This enabled us to identify 46 different firms that the media believes can grow by 10x in ten years. Then, initial preference was given to stocks that appear on multiple lists and on lists that indicate growth in five years. After this, those that do not appear on more than one list were ranked through share price upside. In our final compilation, the latter group is listed first as part of fifteen stocks that can grow 10x in five years, and Meta Platforms, Inc. (NASDAQ:META) is the only company that appears on lists for both five and ten years.

15 Stocks that will 10x in 5 years According to the Media

15. Nextdoor Holdings, Inc. (NYSE:KIND)

Number of Hedge Fund Investors In Q4 2022: 20

Share Price Upside: 26%

Nextdoor Holdings, Inc. (NYSE:KIND) provides a network for neighborhoods to enable businesses and consumer to connect with each other.

As of Q4 2022, 20 of the 943 hedge funds part of Insider Monkey’s database had bought the firm’s shares. Nextdoor Holdings, Inc. (NYSE:KIND)’s largest investor is Ken Fisher’s ARK Investment Management with a $9.5 million stake.

14. PubMatic, Inc. (NASDAQ:PUBM)

Number of Hedge Fund Investors In Q4 2022: 12

Share Price Upside: 29%

PubMatic, Inc. (NASDAQ:PUBM) is a cloud company headquartered in Redwood, California.

12 of the 943 hedge funds part of Insider Monkey had held a stake in PubMatic, Inc. (NASDAQ:PUBM) as of December 2022. Out of these, Jim Simons’ Renaissance Technologies is the largest shareholder with a $9.8 million stake.

SoFi Technologies, Inc. (NASDAQ:SOFI), PubMatic, Inc. (NASDAQ:PUBM), Meta Platforms, Inc. (NASDAQ:META), and Desktop Metal, Inc. (NYSE:DM) as a stock that can grow 10x in 5 years.

13. Cleveland-Cliffs Inc. (NYSE:CLF)

Number of Hedge Fund Investors In Q4 2022: 40

Share Price Upside: 38%

Gentex Corporation (NASDAQ:GNTX) is a steel manufacturer headquartered in Cleveland, Ohio.

By the end of last year’s fourth quarter, 40 of the 943 hedge funds surveyed by Insider Monkey had invested in the firm. Cleveland-Cliffs Inc. (NYSE:CLF)’s largest investor is Ken Fisher’s Fisher Asset Management with a $138 million stake.

12. Shoals Technologies Group, Inc. (NASDAQ:SHLS)

Number of Hedge Fund Investors In Q4 2022: 32

Share Price Upside: 41%

Shoals Technologies Group, Inc. (NASDAQ:SHLS) is an American company headquartered in Portland, Tennessee. The firm provides support products for solar energy systems.

As of Q4 2022, 32 of the 943 hedge funds part of Insider Monkey’s database had held a stake in Shoals Technologies Group, Inc. (NASDAQ:SHLS). Out of these, the firm’s largest investor is Richard Driehaus’ Driehaus Capital which owns 2.2 million shares that are worth $56 million.

11. Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Number of Hedge Fund Investors In Q4 2022: 38

Share Price Upside: 60%

Cross Country Healthcare, Inc. (NASDAQ:CCRN) is a healthcare staffing firm headquartered in Boca Raton, Florida.

As of Q4 2022, 38 of the 943 hedge funds polled by Insider Monkey had held Cross Country Healthcare, Inc. (NASDAQ:CCRN)’s shares. Jeffrey Jacobowitz’s Simcoe Capital Management is Cross Country Healthcare, Inc. (NASDAQ:CCRN)’s largest investor with a $42.5 million stake.

10. indie Semiconductor, Inc. (NASDAQ:INDI)

Number of Hedge Fund Investors In Q4 2022: 23

Share Price Upside: 61%

indie Semiconductor, Inc. (NASDAQ:INDI) sells sensors, radars, and other products for autonomous vehicles.

By the end of December 2022, 23 of the 943 hedge funds surveyed by Insider Monkey had bought indie Semiconductor, Inc. (NASDAQ:INDI)’s shares. The firm’s largest investor is George Soros’ Soros Fund Management which owns 769,004 shares that are worth $51 million.

9. Team, Inc. (NYSE:TISI)

Number of Hedge Fund Investors In Q4 2022: 4

Share Price Upside: 135%

Team, Inc. (NYSE:TISI) is a specialty industrial company that tests and repairs pipes. Its high share price upside makes it likely for it to grow by 10x.

4 of the 943 hedge funds part of Insider Monkey’s database had invested in the company during Q4 2022. Team, Inc. (NYSE:TISI)’s largest hedge fund investor is John Barrett and Eric Soderlund’s Corre Partners through a $7.6 million stake.

8. The RealReal, Inc. (NASDAQ:REAL)

Number of Hedge Fund Investors In Q4 2022: 14

Share Price Upside: 138%

The RealReal, Inc. (NASDAQ:REAL) operates an electronic commerce platform for luxury goods in America.

As of Q4 2022, 14 of the 934 hedge funds surveyed by Insider Monkey had held a stake in The RealReal, Inc. (NASDAQ:REAL). The largeset shareholder is Paul Marshall and Ian Wace’s Marshall Wace LLP with a $5.2 million stake.

7. Opendoor Technologies Inc. (NASDAQ:OPEN)

Number of Hedge Fund Investors In Q4 2022: 33

Share Price Upside: 140%

Opendoor Technologies Inc. (NASDAQ:OPEN) is a software company headquartered in Tempe, Arizona. It provides an electronic commerce platform to the real estate industry.

Insider Monkey took a look at 943 hedge funds for their fourth quarter of 2022 investments and found out that 33 had bought a stake in the firm. Opendoor Technologies Inc. (NASDAQ:OPEN)’s largest hedge fund investor is Daniel Patrick Gibson’s Sylebra Capital Management with a $37 million stake.

6. Ginkgo Bioworks Holdings, Inc. (NYSE:DNA)

Number of Hedge Fund Investors In Q4 2022: 25

Share Price Upside: 246%

Ginkgo Bioworks Holdings, Inc. (NYSE:DNA) is a rare company that programs cells to produce medicines, food ingredients, and petroleum byproducts.

Insider Monkey dug through 943 hedge funds for their Q4 2022 and found that 25 had bought Ginkgo Bioworks Holdings, Inc. (NYSE:DNA)’s shares. You can take a look at its latest earnings call for more details.

SoFi Technologies, Inc. (NASDAQ:SOFI),Ginkgo Bioworks Holdings, Inc. (NYSE:DNA), Meta Platforms, Inc. (NASDAQ:META), and Desktop Metal, Inc. (NYSE:DM) are some stocks that media predicts can grow 10x!

Click to continue reading and see 5 Stocks that will 10x in 5 years According to the Media.

AI Fire Sale: Insider Monkey’s #1 AI Stock Pick Is On A Steep Discount

Published on April 11, 2024 at by Inan Dogan, PhD

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

The whispers are turning into roars.

Artificial intelligence isn’t science fiction anymore.

It’s the revolution reshaping every industry on the planet.

From driverless cars to medical breakthroughs, AI is on the cusp of a global explosion, and savvy investors stand to reap the rewards.

Here’s why this is the prime moment to jump on the AI bandwagon:

Exponential Growth on the Horizon: Forget linear growth – AI is poised for a hockey stick trajectory.

Imagine every sector, from healthcare to finance, infused with superhuman intelligence.

We’re talking disease prediction, hyper-personalized marketing, and automated logistics that streamline everything.

This isn’t a maybe – it’s an inevitability.

Early investors will be the ones positioned to ride the wave of this technological tsunami.

Ground Floor Opportunity: Remember the early days of the internet?

Those who saw the potential of tech giants back then are sitting pretty today.

AI is at a similar inflection point.

We’re not talking about established players – we’re talking about nimble startups with groundbreaking ideas and the potential to become the next Google or Amazon.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 10,000% Return: This AI Stock is a Diamond in the Rough (But Our Help is Key!)

The AI revolution is upon us, and savvy investors stand to make a fortune.

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We’ve got the answer, but there’s a twist…

Imagine an AI company so groundbreaking, so far ahead of the curve, that even if its stock price quadrupled today, it would still be considered ridiculously cheap.

That’s the potential you’re looking at. This isn’t just about a decent return – we’re talking about a 10,000% gain over the next decade!

Our research team has identified a hidden gem – an AI company with cutting-edge technology, massive potential, and a current stock price that screams opportunity.

This company boasts the most advanced technology in the AI sector, putting them leagues ahead of competitors.

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50-year Wall Street Insider Names #1 stock for AI “Tidal Wave”

Published on April 1, 2024 at by Insider Monkey Staff

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

So you can see why CNBC’s Jim Cramer has said he’s learned to never bet against Marc.

Click to continue reading…

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