The new year can be a time of optimism, and many investors may be on the hunt for the next big winner to add to their portfolios. One rarified group of outperformers are the "tenbaggers," or a stock that has delivered a total return that is 10-times its initial price over a given period of time. With inflation and interest rates at high levels, and many economists predicting a U.S. recession in 2023, it makes sense that investors may be cautious of high-growth plays.
Additionally, Wall Street analysts are bullish on the stocks, with price target upside of 10% or more and long-term earnings growth estimates of at least 20%. Enphase Energy , which went public in 2012, is the clear standout on the list. The stock has returned more than 10,000% over the past decade, and Wall Street sees long-term earnings growth of more than 60%. The stock has also been resilient.
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