2 Growth Stocks That Could Turn $2,000 into $10,000 by 2030
Despite recent market volatility, the S&P 500 Growth index has been up 265% over the past decade, easily beating the 200% return of the broader S&P 500. In other words, growth stocks have outperformed the market over the long term, and the current pullback creates a buying opportunity for patient investors.
With that in mind, here are two growth stocks that could deliver fivefold returns by the end of the decade, meaning an initial investment of $2,000 (split evenly) would be worth $10,000 by 2030.
Roku (NASDAQ: ROKU) recently delivered disappointing second-quarter results. High inflation put pressure on consumer spending, suppressing streaming player sales and causing brands to cut advertising budgets. As a result, Roku posted revenue growth of just 18%, a significant deceleration from 81% in the prior year. However, inflation is a temporary headwind, and the long-term growth story is still intact.
Source Fool.com
