In this piece, we will take a look at the 15 stocks that will 10x in five years.

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).

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!

5. Upstart Holdings, Inc. (NASDAQ:UPST)

Insider Monkey’s Score: 2

Share Price Upside: -20%

Upstart Holdings, Inc. (NASDAQ:UPST) is a financial services company that is headquartered in San Mateo, California. The firm is one of the few that uses artificial intelligence to connect banks with those seeking loans.

As of Q4 2022, 16 of the 943 hedge funds polled by Insider Monkey had bought a stake in Upstart Holdings, Inc. (NASDAQ:UPST). The firm’s largest investor is Philippe Laffont’s Coatue Management which owns 832,421 shares that are worth $11 million.

4. Apple, Inc. (NASDAQ:AAPL)

Insider Monkey’s Score: 2

Share Price Upside: 3%

Apple, Inc. (NASDAQ:AAPL) is the world’s largest consumer electronics and technology firm. Not only does it sell gadgets such as smartphones, tablets, and notebooks, but it also has strong financial services and streaming platforms.

By the end of last year’s fourth quarter, 135 of the 943 hedge funds polled by Insider Monkey had bought a stake in Apple, Inc. (NASDAQ:AAPL). Out of these, none other than Warren Buffett’s Berkshire Hathaway is the company’s largest investor since it owns a whopping $116 billion stake.

3. Meta Platforms, Inc. (NASDAQ:META)

Insider Monkey’s Score: 2

Share Price Upside: 7%

Meta Platforms, Inc. (NASDAQ:META) is the world’s largest social media company. It owns and operates Facebook, Snapchat, and WhatsApp – each of which are giants in their sectors. Additionally, it has caught the financial press’s attention for rapid growth due to its gamble on the metaverse.

Insider Monkey profiled 943 hedge funds for the final quarter of 2022 and found out that 194 had held a stake in the company. Out of these, Meta Platforms, Inc. (NASDAQ:META) largest investor is Ken Fisher’s Fisher Asset Management which owns 9.1 million shares that are worth $1 billion.

2. Desktop Metal, Inc. (NYSE:DM)

Insider Monkey’s Score: 2

Share Price Upside: 30%

Desktop Metal, Inc. (NYSE:DM) is an American firm headquartered in Burlington, Massachusetts. The firm provides industrial manufacturing solutions and 3D printers. These enable firms to both make prototypes and volume products.

By the end of last year’s fourth quarter, ten of the 943 hedge funds part of Insider Monkey’s database had held a stake in Desktop Metal, Inc. (NYSE:DM). During its fourth quarter of 2022 earnings call, the company’s management outlined that Desktop Metal is the third largest additive manufacturing firm by revenue.

1. SoFi Technologies, Inc. (NASDAQ:SOFI)

Insider Monkey’s Score: 2

Share Price Upside: 33%

SoFi Technologies, Inc. (NASDAQ:SOFI) is another financial technology firm and one that is headquartered in San Francisco, California. It serves both regular customers and financial firms through a financial management platform and a banking platform, among others.

Insider Monkey’s December 2022 survey of 943 hedge funds revealed that 25 had bought the firm’s shares. SoFi Technologies, Inc. (NASDAQ:SOFI)’s largest investor is Jim Davidson, Dave Roux, and Glenn Hutchins’s Silver Lake Partners which owns 31 million shares that are worth $143 million.

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Disclosure: None. 15 Stocks that will 10x in 5 years According to the Media is originally published on Insider Monkey.