1 Supercharged Growth Stock to Buy Before It Soars as Much as 222%, According to Cathie Wood's Ark Invest

Over the past decade, Ark Investment Management has established its niche on Wall Street by making sizable investments in disruptive and groundbreaking technologies. These include genomic research, robotics, artificial intelligence (AI), autonomous driving, and more. Ark is helmed by founder Cathie Wood, who grabbed the spotlight by investing early in hugely successful companies including Tesla, Nvidia, and Block, among others.

After a punishing 2022, the ARK Innovation ETF has come roaring back, generating returns of 55% so far this year, more than two-and-a-half times the returns of the S 500. Driving the results were blockbuster performances by Coinbase Global, Roku, and UiPath, which have gained 290%, 153%, and 93%, respectively. Wood believes this could be just the beginning.

While some of Ark's more high-profile calls seem to get all the headlines, Wood makes the case that biotech company Exact Sciences (NASDAQ: EXAS) has significant upside and will likely rise to $139 by 2027, representing upside of 115% compared to Monday's closing price. Then there's the bull case, which calls for the stock to surge to $208, which would represent gains of 222%.

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Source Fool.com