7 Best Stocks With 100x Potential To Invest In May 2024

Investing in the best stocks with 100x potential could be your golden ticket if you're looking to secure your financial future. Imagine turning your hard-earned money into an impressive fortune that ensures a comfortable life for you and your family.

Sounds great, right? Although the stock market can be unpredictable, some unique opportunities can propel your investments to such heights.

However, identifying these potential goldmines is no easy task. It would be best if you had adequate knowledge and a keen eye to see these opportunities in a crowd of regular performers.

It would help if you also had resilience and patience because not every company becomes a unicorn overnight; it usually requires time before legendary gains occur.

But don't fret; we're here to help you in this financial adventure. Let's take a look at some promising picks that have the potential to skyrocket in value and possibly deliver 100x returns on investment.

7 Best Stocks With 100x Potential

When looking for stocks with 100x potential, it's fundamental to recognize that these are not just your run-of-the-mill companies. These businesses will likely disrupt their respective industries or pioneer new ones entirely.

This level of growth inevitably involves sizable risks and the possibility of extraordinary returns. Now, let's analyze each one individually.

Upstart Holdings (UPST)

Upstart Holdings, more commonly known as Upstart, is a leading player in the FinTech industry that utilizes artificial intelligence for lending.

Launched in 2012, Upstart has developed an AI-powered platform that partners with banks and credit unions to offer personal loans. It uses non-traditional variables such as education and employment to predict a borrower's creditworthiness. This innovative approach improves the loan approval process's accuracy and speed while reducing risks for affiliated institutions.

• CEO: Dave Girouard
• CFO: Sanjay Datta

Employee Count: Upstart currently employs nearly 1,875 professionals in various roles.

Revenue and Assets: In 2022, the company recorded a revenue of $842 million, while its total assets stood at USD 1.94 billion.

Subsidiaries: The corporations under its umbrella include Prodigy Software Inc., Upstart Loan Trust, and Upstart Network, Inc., etc.

Stock Price: As of September 7th, 2023, UPST's stock price was 31.78 USD per share; after market closure, it adjusted to 31.98 USD per share.

Exchange Listing: UPST is traded on NASDAQ – one of the leading stock exchanges worldwide.

Investing in a company like Upstart could greatly reward you as global dependency on technology grows by leaps and bounds each day – so keep it on your radar.

Also Read: How To Invest 200k For Passive Income [14 Best Ways In 2024]

Redfin Corporation (RDFN)

Redfin Corporation is an innovative force in the residential real estate market, leveraging advanced technology to enhance traditional brokerage services. Based in Seattle, Redfin's mission is clear: Provide a more efficient and streamlined process for buying and selling homes while saving people money at every transaction step.

Founder: David Eraker founded Redfin in October 2002, paving the path for a new consumer-oriented approach to real estate transactions.

CEO: Glenn Kelman has led the charge since 2005, driving innovative solutions that make home buying and selling a breeze.

Employees: With an accommodating team of approximately 6,485 employees, Redfin is committed to ensuring customers get all the support they need throughout their real estate journey.

Revenue and Total Assets: In 2021 alone, Redfin posted remarkable figures with a revenue of $1.92 billion and total assets amounting to $2.02 billion – quite impressive for a company less than two decades old.

Despite being a relatively young player in the industry, Redfin exhibits resilience and remarkable growth potential.

• Subsidiaries: Among its many integral parts are Bay Equity LLC and RentPath, which play critical roles in diversifying its business activities.
• Stock Price: As of September 7th, 2023, RDFN's stock price stands at $9.40 per share; there was a slight drop post-market to $9.37 – fluctuations like these are normal on any given trading day.
• Exchange Listing: RDFN is listed on NASDAQ and is often associated with some of the world's most technically proficient companies.

Also Read: How To Invest In Real Estate In 2024 [12 Simple Ways]

Jushi Holdings (JUSHF)

Established in 2007, Jushi Holdings Inc. is a major multiple-state cannabis operator renowned for being one of the leaders in the industry. With its headquarters in Boca Raton, Florida, Jushi maintains retail, manufacturing, and processing operations to provide medical and adult-use market needs.

Founder & CEO: Guided by the leadership of Founder Jim Cacioppo since 2018, the company has grown progressively to rank as one of the top players in the cannabis industry.

Employees: The company takes pride in its skilled workforce, which is key to offering exceptional service and driving strategic growth.

Subsidiaries: Jushi's subsidiaries include names such as NuLeaf, Inc., Jushi Inc., and Nature’s Remedy of Massachusetts, Inc.-- all playing vital roles in broadening its scope.

Stock Price: As noted on September 7th, 2023, JUSHF's stock price was $0.74 per share, a 6.20% decrease from previous performance.

Exchange Listing: JUSHF is listed on OTCMKTS-- over-the-counter markets well known for startups and companies with significant potential!

• Strategic Investments: Through effective strategies and calculated risks, Jushi has made notable milestones. For instance, acquiring Pennsylvania-based grower-processor Agape Total Health Care Inc. elevates its production capacity by adding 90k sq ft of cultivation space!
• Impressive Revenues & Adjusted EBITDA: At the close of Q2 2021, Jushi recorded remarkable revenue growth, with top-line revenue increasing by about 14.6% quarter over quarter!

Ultimately, what sets Jushi apart is its focus on stakeholder value creation grounded on corporate responsibility. Combining this responsible approach with immense growth prospects within the rapidly expanding marijuana sector makes Jushi a stock worth watching.

Also Read: How To Invest In Esports In 2024? [Leading Esports Stocks]

PayPal Holdings (PYPL)

Renowned for revolutionizing the world of finance, PayPal Holdings, Inc. is a global leader in the digital payments industry. Bridging the gap between consumers and businesses it allows swift and secure money transfers with just a click of a button.

Launched back in December 1998 by visionaries Peter Thiel, Max Levchin, and Ken Howery, PayPal delivers innovative solutions that make financial transactions easier.

Based in Boca Raton, Florida, this tech titan earned a net revenue of 2.42 billion USD in 2022. As of December 31, 2021, the total revenue stood at an impressive figure of $25.37 billion, with total assets worth $78.72 billion.

Subsidiaries under the PayPal umbrella include names like Xoom Corporation, Braintree, and Paidy, which contribute significantly to its diversified platform.

Stock Performance: As of September 7th, 2023, PayPal's stock price was 61.65 USD per share, marking a slight decrease of 1.15 (1.83%). The market close adjustment lowered its price to 61.55 USD, illustrating minor bearish fluctuations.

Exchange Listing: Listed on NASDAQ - one of the globally recognized exchanges hosting tech-based companies - PYPL is positioned alongside some elite players in the financial industry.

Through further research about PayPal's growth trajectory:

• User Base: It has over 392 million active users worldwide as per Q4 results - demonstrating its powerful impact across multiple countries.
• Innovation: Continues making strides through acquisitions like Honey Science Corp for almost $4 billion in early 2020 - expanding its capabilities in consumer engagement.
• Future Prospects: According to FactSet data forecasts for FY ending Dec '23 Q4, Revenues are projected to hit around $30B, which signals potential solid gains ahead.
• Impressive Profit Margins: Reporting an operating margin of 15.68% and a net margin of 13.43% - reveals its profitability is in full swing.
• Strategic Agreements: Entering strategic partnerships with companies like MercadoLibre opens up lucrative markets, driving growth exponentially.

PayPal Holdings extended the credit card model into the broad canvas of the internet with simplicity and accessibility at its core. Riding on technology and innovation, PayPal is undoubtedly a stock you might want to consider for potential high returns.

Also Read: 30 Ways To Make $100 A Day With Paypal 2024 [Same Day Withdrawal]

Latch (LTCH)

Latch, Inc. is an innovative tech company with a vision of transforming living spaces into accessible and secure environments. Based in the United States, this firm delivers an integrated hardware-software solution that modernizes multi-dwelling units.

Their notable invention, the keyless entry security systems, allows tenants and property managers to access their units and facilities conveniently.

These state-of-the-art security solutions provide peace of mind with enhanced safety measures and significantly decrease the hassles of traditional lock and key mechanisms.

• Subsidiaries: Among their subsidiary companies are Honest Day's Work, Inc., Latch Systems Ltd., and Latch Insurance Solutions, LLC, which play instrumental roles in creating a symbiotic ecosystem for its operations.
• Stock Price: On September 7th, 2023, LTCH's stock price was valued at 0.84 USD per share, showing a slight decrease by 0.S1 at close (1.18% down).
• Exchange Listing: This promising stock is listed under the ticker LTCH on the OTCMKTS exchange.
• Revolutionizing Living Spaces: Offering convenience and sophisticated technology to multi-family building occupants transcends traditional accessibility methods.
• Partnerships Growth: Collaborations with prominent contractors and property management companies have facilitated their unique solutions' integration into thousands of buildings across numerous cities; hence broadening market reach.
• Intellectual Property: With over 50 patents granted globally for their technology-based innovative approach in security solutions.
• Impactful Product Line: Includes digital locks managed via smartphone app enabling tracking & scheduled access control that bolster resident experience while streamlining operational efficiencies for property managers.

Latch strives to provide superior ecosystems built upon technological innovation, addressing next-generation users' needs. Their commitment to transforming living spaces through advanced security solutions makes them a potentially lucrative investment opportunity with the possibility of high returns.

Walgreens Boots Alliance (WBA)

You might be familiar with Walgreens Boots Alliance (WBA), a multinational holding that has anchored its firm roots in the retail pharmacy sector.

With its impressive portfolio of retail chains, including Walgreens in the U.S. and Boots in the U.K., it remains a significant player in the health and wellness industry.

Established on December 31, 2014, and headquartered in Deerfield, Illinois, this global behemoth controls various manufacturing and business entities.

Whether dropping by Walgreens for your prescription needs or ordering beauty products from Boots online, you're partaking in WBA's vast and diverse ecosystem.

As of March 15, 2021, Rosalind Brewer took over as CEO, bringing her distinguished management expertise to steer the ship amidst the challenges of changing consumer behavior trends due to the pandemic.

• Net Revenue (2022): A noteworthy amount of 4.337 billion USD displays their financial strength.
• Total Revenue (2022): An astounding figure of 132.7 billion USD exhibits their growth trajectory and market dominance.
• Total Assets (2022): WBA exudes financial stability with total assets valued at 90.12 billion USD.
• Stock Price: As recorded on September 7th, 2023, the stock price stood at 22.04 USD per share, marking a slight decrease of 0.60 (2.65%). After the market closure adjustment, an increase to 22.05 USD per share presented bearish trends with some bullish indications.
• Exchange Listing: WBA is traded on NASDAQ – ensuring a solid presence within global stock markets.
• Subsidiaries: Companies like Village Practice Management Company LLC, alongside numerous others, form part of the considerable portfolio under WBA’s ownership.
• Acquisitions: WBA has expanded its reach through strategic acquisitions, such as purchasing Rite Aid stores in 2017.
• Market Reach: It operates over 21,000 stores in 11 countries, cementing its global presence in the retail pharmacy sector.

Walgreens Boots Alliance is institutionally trusted and publicly loved due to their consistent value delivery to consumers. Their solid position within the market and robust financial health put WBA on investors' radar for stocks with high potential returns.

Despite the rise of e-pharmacy trends, it remains a compelling player in redefining healthcare accessibility around the globe.

Also Read: Does Walgreens Cash Checks In 2024? [Complete Guide]

Trulieve Cannabis (TCNNF)

Trulieve Cannabis Corp. (TCNNF) is a key player in the lucrative cannabis industry. Both medical and recreational users rely heavily on their high-quality, homegrown cannabis and CBD products.

Trulieve stands out because its in-house cultivation and production allow for strict quality control, ensuring customers receive top-notch products every time.

Established on September 14, 1940, Trulieve has its headquarters nestled in sunny Florida. Over the years, TCNNF has expanded its reach by adding subsidiaries such as Harvest Health & Recreation Inc Subordinate Voting Shares, PurePenn, LLC, and Keystone Relief Centers, LLC under its aegis.

• Stock Price: TCNNF was traded at 6.22 USD per share as of September 7th, 2023, which shows a slight increase of 0.02 (0.32%) from the previous trading session.
• Exchange: Trulieve sits alongside notable names in the cannabis sector across OTCMKTS - an American financial market providing price and liquidity information for almost 10,000 over-the-counter securities.
• Product Range: Trulieve offers an impressive array of cannabis products, including dried flower buds or "nugs," oil extracts, edible gummies, and much more - catering to diverse customer demands.
• Market Penetration: Beginning with their first dispensary opened in Florida back in 2016, they have since launched an impressive number of more than 80 dispensaries nationwide - showcasing powerful growth momentum.
• Customer Base: The company's data shows it serves over 450K registered patients with distinct product lines designed to meet individual therapeutic needs.
• Commercial Footprint: Expansion into West Virginia’s medical marijuana market via the acquisition of Mountaineer Holding LLC provides further growth opportunities.

Trulieve’s potential stems from its robust business model, well-planned acquisitions, and a strong product portfolio.

Given these factors, Trulieve Cannabis could be your marijuana growth stock with a 100x return potential. The company has positioned itself well in an industry projected to hit $73.6 billion by 2027.

Every step it takes underlines its commitment to grow and boost profits while delivering the highest quality of products to its patrons.

Also Read: Marketable Securities 2024 [Benefits, Risks, And Trading Processes]

FAQs About Best Stocks With 100x Potential

Conclusion

In conclusion, PayPal Holdings (PYPL), Walgreens Boots Alliance (WBA), and Trulieve Cannabis (TCNNF) exhibit promising traits of 100x potential stocks.

These companies are marked by innovative approaches, strategic expansions, robust financial health, and impressive market reach.

Remember, all investments come with inherent risks, and investing in these stocks should be consistent with your financial goals and risk tolerance.

You should carefully review each company's financials and developments before making a decision.