5 Stocks That Could 10X by 2030

4. Sea Limited (NYSE:SE)

Stock Upside Potential: 70.34%

Forward P/E: 19.2

Number of Hedge Fund Holders: 86

Sea Limited (NYSE:SE) is one of the stocks that could 10x by 2030. On May 12, Jefferies reiterated a Buy rating on Sea Ltd (NYSE:SE) and raised the price target to $157 from $150. The price target hike is in response to the company’s impressive first-quarter results, which exceeded expectations across segments.

Net revenue was up 46.6% in the quarter to $7.1 billion, affirming the effectiveness of investments. The company also achieved gross profit of $3.1 billion, up 40.7%, as net income increased 6.7% to $438.2 million. Adjusted EBITDA increased 9.3% to $1 billion.

The impressive financials came on the heels of the company achieving another record-setting quarter on Shopee, where gross orders increased 29.3% to $4 billion and gross merchandise volume increased 30.2% to $37.3 billion. Monee was also on a roll with revenues of $1.2 billion, up 57.8% year on year. Adjusted EBITDA was up 14% to $275.2 million.

During the quarter, Sea Ltd returned value to shareholders by repurchasing $168.4 million worth of shares as part of its $1 billion buyback program.

Sea Limited (NYSE:SE) is a leading global consumer internet company headquartered in Singapore, operating three core businesses: e-commerce (Shopee), digital financial services (Monee/SeaMoney), and digital entertainment (Garena).