1 Extraordinary Stock That Could Turn $200,000 Into $1 Million by 2034
The Nasdaq-100 technology index plunged 33% in 2022, only to soar by nearly 54% in 2023. This year, it has already delivered a gain of more than 10%. Those gyrations prove that it's nearly impossible to predict the direction of the market in the short term.
However, if we zoom out to observe the past 10 years, the Nasdaq-100 delivered a gain of 421%, which averages out to 18% compounded annually. In fact, history shows the longer investors remain in the market, the higher the odds they will earn a positive return. It's easy to track the performance of major indexes like the Nasdaq-100 by using exchange-traded funds (ETFs).
But investors with a higher appetite for risk can outperform the broader market if they pick the right individual stocks. Uber Technologies (NYSE: UBER) could be a worthy candidate due to its strong growth and its extraordinary future potential thanks to autonomous vehicles.
Source Fool.com
Uber Technologies Inc Stock
The stock is an absolute favorite of our community with 83 Buy predictions and no Sell predictions.
With a target price of 80 € there is a positive potential of 21.97% for Uber Technologies Inc compared to the current price of 65.59 €.
