It takes 24 years to see a 10x return on your investing in the S&P 500.

But for those who are willing to take calculated risks, there are stocks out there that have the potential to skyrocket and deliver massive returns in just a few years.

Curious to know how? Well, you’re in luck! In this blog, we’ll be exploring five stocks that have the potential to increase by 10 times over the next few years.

We all know that beating the stock market is no easy feat, but these stocks possess a unique combination of stellar growth and undervaluation that could pave the way for life-changing gains.

So, if you’re ready to dive into the world of high-potential stocks, keep reading to discover the sectors and companies that could turn your investment dreams into reality.

Our Methodology in Stocks Screening

To compile our list of top stocks, we employed a technical stock filtering strategy to identify small to mid-sized stocks with significant growth potential and a strong historical return. We then narrowed down the list to 150 stocks that we believed had the potential to increase by 10 times over the next few years.

We analyzed factors such as revenue growth, institutional holders, and price performance over the past 52 weeks to further refine our selection. Finally, we used technical analysis with the TradeDots indicator and mathematical models to calculate the potential valuation of each stock in the future.

Top 5 Stocks That Could 10x in 2024

1. Firstcash Holdings Inc (NASDAQ: FCFS)

Firstcash Holdings Inc. is a leading international retail pawn store operating primarily in the United States and Latin America. With over 2,900 stores across the Americas, they dominate the pawn industry.

Despite not being as scalable as companies selling digital goods, Firstcash has seen significant market capitalization growth in the US market. Their recent acquisition of a virtual lease-to-own platform has opened up new revenue streams that surpass their Latin American pawn shops. With consistent revenue growth and a strong track record, Firstcash is poised for long-term stock price growth.

2. Evercore (NYSE: EVR)

Evercore, Inc. is a global investment banking advisory company that specializes in providing unbiased advice on complex financial transactions. Unlike traditional investment banks, Evercore focuses solely on M&A, restructuring, IPOs, and other critical transactions.

Evercore primarily operates in the United States, the world’s largest investment banking market, where there is a 35% increase in deals worth over $356.51 billion in the merger and acquisition market during the last quarter. With a series of higher highs and higher lows in its stock price, Evercore’s stock is showing promising signs of growth.

3. Jakks Pacific, Inc. (NASDAQ: JAKK)

JAKKS Pacific, Inc. is a leading toy and consumer product company that designs, develops, and sells a wide range of toys, electronics, furniture, and other consumer products. With a diverse product portfolio and popular licensed properties, JAKKS Pacific has become a powerhouse in the toy industry.

Backed by large hedge funds, including Millennium and Renaissance, JAKKS Pacific has seen a 50% increase in net income and earnings per share in the last quarter. With recognizable toy brands like Disney Princess, Super Mario, and Sonic the Hedgehog, JAKKS Pacific is well-positioned for continued growth.

Considering its small market capitalization, the potential upside is huge. The stock price of JAKK is also on the rise since 2020, which finally broke the previous high this year, making a 52-week high.

4. Merchants Bancorp (NASDAQ: MBIN)

Merchants Bancorp is a diversified bank holding company based in Carmel, Indiana. With various segments, including multi-family mortgage banking and traditional community banking, Merchants Bancorp specializes in financing and servicing loans for multi-family housing and healthcare facilities.

With a focus on technology and a commitment to community involvement, Merchants Bancorp has seen steady growth over the past seven years. Its stock price has nearly tripled since going public in 2017, and a recent breakout from a three-year consolidation period suggests further potential for growth.

A foreseeable cut in interest rates in the coming year is also another dopamine boost to its stock price.

5. FUBO TV inc. (NASDAQ: NYSE)

FuboTV is a live TV streaming service that caters specifically to sports enthusiasts looking to cut the cord. With a wide range of sports channels and innovative features, fuboTV has quickly become a major player in the streaming market.

Despite trading at depressed levels since 2021, fuboTV has experienced consistent growth in revenue, making it an attractive investment opportunity. With the upcoming Paris Olympics, we anticipate a higher demand for live streaming services, which could further boost fuboTV’s stock price.

Bottom line

It’s important to note that investing in stocks, especially high-potential ones, comes with risks. Always conduct your own risk management and research before making any investment decisions.

So, there you have it — our top five stock picks that have the potential to increase by 10 times in 2024. Keep an eye on these companies and sectors, and who knows, you might just hit the jackpot with your investments!

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Disclaimer: The information provided in this article is for educational purposes only and should not be considered as financial advice. Trading involves risk, and it is important to conduct thorough research and seek professional guidance before making any investment decisions.