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1 Top Growth Stock to Buy Before it Soars 435%, According to Cathie Wood's Ark Invest

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1 Top Growth Stock to Buy Before it Soars 435%, According to Cathie Wood's Ark Invest: https://g.foolcdn.com/editorial/images/757736/growth-5.jpg

Cathie Wood is the founder and CEO of Ark Invest, an investment company that runs a series of thematic index funds focused on innovative technologies. In the fintech space, Wood and her team are particularly bullish on Block (NYSE: SQ).

Ark published a valuation model three years ago positing a stock price of $375 per share by 2025, implying a 435% upside from its current price. Returns like that on a two-year timeline may sound absurd, but Ark clearly has high conviction in Block. More than 5% of its portfolio is invested in the fintech company today.

Is this growth stock worth buying?

Source Fool.com

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