In this article, we will list the 5 Stocks That Could 10X by 2030. Please visit 8 Stocks That Could 10X by 2030 if you would like to see the extended list and the methodology behind it.
5. BioMarin Pharmaceutical Inc. (NASDAQ:BMRN)
Stock Upside Potential: 66.15%
Forward P/E: 10.52
Number of Hedge Fund Holders: 62
BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) is one of the stocks that could 10x by 2030. On May 22, H.C. Wainwright reiterated a Neutral rating on BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) with a $50 price target.
The cautious outlook comes on the heels of BioMarin Pharmaceutical delivering positive Phase 3 Pivotal study results for VOXZOGO. The study met the primary endpoint in children with hypochondroplasia and exceeded expectations, with a highly statistically significant improvement in annualized growth velocity (AGV).
Safety findings were also in line with the established profile in achondroplasia. Hypochondroplasia is a rare genetic disorder characterized by impaired bone growth, resulting in disproportionate short stature and skeletal abnormalities.
For the first time, a Phase 3 study of hypochondroplasia has demonstrated impressive gains in growth, including improvements in arm span. Consequently, BioMarin Pharmaceutical intends to submit a supplemental New Drug Application to the US Food and Drug Administration in the third quarter. It also plans to make submissions to the European Medicines Agency.
BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) is a global biotechnology company that develops and commercializes innovative therapies for rare and ultra-rare genetic diseases. It is a pioneer in enzyme replacement therapies (ERT) and gene therapy.
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).
3. Charter Communications, Inc. (NASDAQ:CHTR)
Stock Upside Potential: 76.23%
Forward P/E: 3.44
Number of Hedge Fund Holders: 48
Charter Communications, Inc. (NASDAQ:CHTR) is one of the stocks that could 10x by 2030. On May 26, Bernstein SocGen reiterated a Market Perform rating on Charter Communications, Inc. (NASDAQ:CHTR) and a $210 price target.
The cautious outlook comes as the research firm insists the company is facing pressure and concerns about leverage and liquidity. Charter Communications has $96.8 billion in debt, with a debt-to-equity ratio of 5.91. Nevertheless, the research firm does not expect the leverage issue to be material in the near future. Free cash flow in the first quarter was down $192 million to $1.4 billion.
Earlier, RBC Capital reiterated a Sector Perform rating on Charter Communications but cut the price target to $220 from $250. The price cut is in response to decreased expectations in broadband net additions and average revenue per user following the miss in broadband net additions. In the first quarter, internet customers were down by 120,000, compared with the 59,000 decline recorded in the first quarter of 2025.
Charter Communications, Inc. (NASDAQ:CHTR) is a leading American telecommunications and mass media company that provides broadband internet, cable television, mobile, and voice services to over 32 million residential and business customers across 41 states. It operates primarily under the consumer-facing brand Spectrum.
2. Equinox Gold Corp. (NYSEAMERICAN:EQX)
Stock Upside Potential: 82.51%
Forward P/E: 8.95
Number of Hedge Fund Holders: 30
Equinox Gold Corp (NYSEAMERICAN:EQX) is one of the stocks that could 10X by 2030. On May 13, Equinox Gold Corp (NYSEAMERICAN:EQX) announced plans to acquire Orla Mining in an all-stock deal . The acquisition will result in a combined North American gold producer worth $18.5 billion.
The deal will also result in the second-largest producer of Canadian gold, capable of producing 1.1 million ounces of gold from six operating mines across Canada, the US, Mexico, and Nicaragua. In addition, the combined company is to hold 22.7 million ounces of proven & probable mineral reserves and 25.1 million ounces of measured & indicated mineral resources.
Once the transaction closes, Equinox shareholders will own 67% of the combined company, with Orla shareholders owning the remaining 33%. The transaction is expected to close in the third quarter with the combined company operating as Equinox Gold. The acquisition is part of Equinox Gold’s bid to de-risk geographically at a time when a spike in gold prices has bolstered miners’ cash flow and improved access to capital.
Equinox Gold Corp. (NYSEAMERICAN:EQX) is a mining company that explores for, develops, and extracts gold and silver across the Americas. The company focuses on large-scale, long-life assets and aims to produce around 750,000 ounces of gold annually.
1. Strategy Inc (NASDAQ:MSTR)
Stock Upside Potential: 103.06%
Forward P/E: 1.13
Number of Hedge Fund Holders: 32
Strategy Inc (NASDAQ:MSTR) is one of the stocks that could 10x by 2030. On May 26, Strategy Inc (NASDAQ:MSTR) reiterated that it completed a series of capital market transactions between May 11 and May 25. Part of the transactions included the repurchase of $1.5 billion in convertible senior notes due 2029 for $1.38 billion, representing an 8% discount.
The repurchase reduced the company’s principal amount of convertible notes from $8.2 billion to $6.7 billion. Additionally, Strategy issued $2 billion in notional amounts of Variable Rate Series A Perpetual Stretch Preferred stock and $84 million in Class A common stock (NASDAQ:MSTR). The company used proceeds from the offerings to repurchase 24,869 Bitcoin, bringing its total holdings to 843,738 Bitcoin.
Strategy exited the first quarter with $124.3 million in revenue, representing an 11.9% increase from $111.1 million delivered in the same quarter last year. Gross profit increased to $83.4 million from $77.1 million in the same quarter last year. However, the company posted a net loss of $12.54 billion, or $38.25 per share, compared with a net loss of $4.22 billion in the same quarter last year.
Strategy Inc (NASDAQ:MSTR), formerly MicroStrategy, is an enterprise software company that operates primarily as the world’s largest corporate owner and “Bitcoin Treasury Company.” It aggressively accumulates Bitcoin on its balance sheet using funds raised from equity and debt offerings.
While we acknowledge the potential of MSTR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MSTR and that has 100x upside potential, check out our report about the cheapest AI stock.
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