Only a few stocks have a large upside expectation after a compound return of more than 1,000% over the past decade. In the last 10 years, the financial markets have seen a lot of activity. A technology boom was followed by the pandemic. Some stocks have grown exponentially during this time. Tenbaggers are stocks which have a value 10 times greater than their original purchase price. CNBC Pro searched FactSet for stocks that had compounded at least 1,000% in the past decade. Then, we looked at stocks that could have more upside. The names are also backed by average analyst price targets that indicate an increase of at least 20 percent. These are the seven stocks that made it to the list. Chipmaker Nvidia topped the list, exceeding the threshold for being a tenbagger. Over the past decade, Nvidia’s stock has returned nearly 14000%. Nvidia stock has increased by more than 230% in the past year as investors hoped to benefit from the growing interest in artificial intelligence. Wall Street was elated by the company’s strong quarterly report, which it released late last month. Toshiya hari, Goldman Sachs analyst said: “We expect Nvidia will maintain its status as accelerated computing standard for foreseeable future due to its competitive moat. Hari expects Nvidia’s shares to reach $600 by the end of next year. Wall Street counterparts are also bullish. Analysts expect an additional 30,7% in growth over the next year. Nvidia was not the only hardware company to make the list. Advanced Micro Devices, ON Semiconductor and other hardware stocks were included on the list. AMD was the second best performer in terms of 10-year returns, with a return of more than 3,000%. Analysts don’t expect this rally to slow down anytime soon. The stock is up nearly 70% in the first half of 2018. Shares could rise by 34% on average over the next year. ON Semiconductor has generated a compounded return of 1,235% over the last 10 years. Analysts expect the stock to rise by approximately 22% in the coming year. The stock is up nearly 60% this year. Enphase Energy, a company that is not a technology stock, also made it to the list. The solar stock has had a bad year, with a drop of more than 50%. However, the return over the past 10 years is still above 1,900%. Analysts expect a turnaround from the current selloff, as the average price target signals an increase of over 56%. CNBC’s Michael Bloom, John Melloy and others contributed to this article.
