1 Monster Growth Stock That Could Turn $200,000 Into $1 Million by 2030
Cloud computing makes it possible to access infrastructure and software through the internet, which eliminates the cost and complexity of maintaining those solutions in private data centers. So businesses are quickly moving resources to the cloud in an effort to improve operational efficiency.
Grand View Research estimates the cloud computing market will increase at 14% annually through 2030, and while many companies will benefit from that trend, Cloudflare (NYSE: NET) stands out from the pack. The company has demonstrated a remarkable capacity for innovation and has delivered solid financial results on a consistent basis, yet it has hardly scratched the surface of its addressable market.
To that end, Cloudflare shareholders could see fivefold returns by the end of the decade. At that pace, $200,000 invested in the stock today would be worth $1 million by 2030.
Source Fool.com
