5 Stocks That Will 10x in 5 Years According to the Analysts

In this article, we discuss the 5 stocks that will 10x in 5 years according to analysts. To read the details around the recent market conditions, go directly to the 15 Stocks That Will 10x in 5 Years According to the Analysts.

5. CompoSecure, Inc. (NASDAQ:CMPO)

Number of Hedge Fund Holders: 14

Average Analyst Price Target Upside: 83.85%

CompoSecure, Inc. (NASDAQ:CMPO) is a New Jersey-based company that is engaged in manufacturing and designing metal, composite, and proprietary financial transaction cards. CompoSecure, Inc. (NASDAQ:CMPO) was held by 14 hedge funds in Q4 of 2023 and the stakes amounted to $32.346 million. Steamboat Capital Partners is the most dominant shareholder of the company and has a position worth $11.3 million, as of December 31, 2023.

CompoSecure, Inc. (NASDAQ:CMPO) is among the stocks that will 10x in 5 years according to analysts. On May 10, B. Riley analyst Hal Goetsch raised the price target on the stock to $18 from $17 and maintained a Buy rating on the shares.

CompoSecure, Inc. (NASDAQ:CMPO) has received Buy ratings from 4 Wall Street analysts, as of May 10. The average price target of $12.30 represents an upside of 83.85% from current levels.

4. Blink Charging Co. (NASDAQ:BLNK)

Number of Hedge Fund Holders: 7

Average Analyst Price Target Upside: 84.18%

Blink Charging Co. (NASDAQ:BLNK) is a Maryland-based company that is engaged in owning, operating, manufacturing, and providing electric vehicle charging equipment and networked EV charging services.

On May 9, Blink Charging Co. (NASDAQ:BLNK) announced first-quarter earnings. The non-GAAP EPS was -$0.13, which topped the analysts’ estimates by $0.07. The revenue surged 73.1% year-over-year to $37.57 million and beat the estimates by $2.96 million.

As of May 10, 3 Wall Street analysts have Buy ratings on Blink Charging Co. (NASDAQ:BLNK). The average price target of $6.38 has an upside of 84.18% to the stock’s current price.

At a stake value of $41.19 million, 7 hedge funds held positions in Blink Charging Co. (NASDAQ:BLNK) in the fourth quarter of 2023. As of December 31, 2023, Sculptor Capital is the top shareholder in the company and has a position worth $1.456 million.

3. Rocket Lab USA, Inc. (NASDAQ:RKLB)

Number of Hedge Fund Holders: 13

Average Analyst Price Target Upside: 84.18%

Rocket Lab USA, Inc. (NASDAQ:RKLB) is a California-based space company that offers launch services and space systems solutions for the space and defense industries. In the fourth quarter of 2023, 13 hedge funds had stakes in Rocket Lab USA, Inc. (NASDAQ:RKLB), with total positions worth $107.604 million.

Rocket Lab USA, Inc. (NASDAQ:RKLB) is one of the stocks that will 10x in 5 years according to analysts. On May 7, Citi lowered the price target on the stock to $5.45 from $6 and kept a Buy rating on the shares.

As of May 10, Rocket Lab USA, Inc. (NASDAQ:RKLB) has Buy-equivalent ratings as per the 10 out of 11 Wall Street analysts that have covered it. The average price target of $7.57 has an upside of 84.18% from the present levels.

2. Riot Platforms, Inc. (NASDAQ:RIOT)

Number of Hedge Fund Holders: 21

Average Analyst Price Target Upside: 98.04%

Riot Platforms, Inc. (NASDAQ:RIOT), formerly Riot Blockchain, Inc., is a Bitcoin mining company that operates through Bitcoin Mining, Data Center Hosting, and Engineering segments.

On May 1, Riot Platforms, Inc. (NASDAQ:RIOT) reported Q1 earnings with an EPS of $0.82 and the revenue increased by 8.3% year-over-year to $79.3 million.

As of May 10, Riot Platforms, Inc. (NASDAQ:RIOT) has Buy-equivalent ratings among 12 analysts, and its average price target of $18.22 implies an upside of 98.04% from current levels.

In the fourth quarter of 2023, 21 hedge funds held stakes in Riot Platforms, Inc. (NASDAQ:RIOT), with positions worth $130.561 million. As of Q4 of 2023, Marshall Wace LLP is the most significant shareholder in the company. The firm has increased its stake in the company by 74% to 1.98 million shares worth $30.647 million.

1. Lithium Americas Corp. (NYSE:LAC)

Number of Hedge Fund Holders: 9

Average Analyst Price Target Upside: 101.4%

Lithium Americas Corp. (NYSE:LAC) is a Canada-based company that explores and develops lithium properties in the U.S. and Canada. In the fourth quarter of 2023, 9 hedge funds held positions in Lithium Americas Corp. (NYSE:LAC) and their stakes amounted to $15.143 million.

Lithium Americas Corp. (NYSE:LAC) takes the top spot on our list of stocks that will 10x in 5 years according to analysts. As of May 10, 13 Wall Street analysts have covered the stock, and 9 keep a Buy-equivalent rating on the stock. The average price target of $8.78 represents an upside of 101.4% from the present levels.

Massif Capital stated the following regarding Lithium Americas Corp. (NYSE:LAC) in its fourth quarter 2023 investor letter:

“Currently, we remain, at a small size, invested in two lithium mining firms, Lithium Argentina (LAAC) and Lithium Americas Corp. (NYSE:LAC). Both companies were part of a single entity (Lithium America Original) as recently as October. That entity was a long-time Massif Capital Investment initiated in March 2020 at roughly $2.5 per share. At the time, the firm was in pre-production at two assets, an Argentina-based lithium brine deposit and a US-based clay deposit, to which we attributed little value because of the state of processing technology.

We used the stock’s volatility to great advantage throughout 2020, 2021, and 2022 as we repeatedly sold both puts and calls on the company, reducing our entry cost below zero via premium earned on those options trading activities. In 2021, the stock peaked at roughly $39 a share, a roughly 1,460% gain on our purchase price. Given the state of the firm’s assets, we should have cut the entire position instead of just trimming. We had confidence in the management team, and momentum and enthusiasm for all things EV and battery were strong, offering the potential for the market to run the price well past any reasonable value. Furthermore, at the time, the lithium prices we were seeing implied a fair value of the two development assets well north of $40 a share, and we were having trouble understanding how long the trend of sky-high prices would last….” (Click here to read the full text)

Should you invest $1,000 in Lithium Americas Corp. (NYSE:LAC) right now?

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