2 Growth Stocks That Could Turn $1,000 Into $3,500 in 10 Years
After a rather abysmal performance on the stock market for most of 2022, growth stocks have rebounded this year with a vengeance. This could continue for at least a little while as the S&P 500 appears to be heading into a bull market.
But even beyond this potential bull run, there are solid growth-oriented companies that can deliver solid returns through the next decade. Two of them are Veeva Systems (NYSE: VEEV) and Airbnb (NASDAQ: ABNB). Here's why these companies could turn $1,000 into $3,500 in the next decade -- which is a compound annual growth rate (CAGR) of 13.3%.
Several factors make Veeva Systems an excellent buy-and-hold stock. First, the company boasts excellent growth prospects in its industry.
Source Fool.com
