2 Magnificent Growth Stocks That Could Turn $200,000 Into $1 Million in a Decade
E-commerce and cloud computing are reshaping the economy. Online shopping is a more convenient alternative to brick-and-mortar retail, and provisioning software and infrastructure from the cloud is more cost-efficient than maintaining private data centers. Neither technology is particularly new at this point, but both industries still offer plenty of potential upside.
For instance, Canadian commerce company (NYSE: SHOP) and cloud vendor Cloudflare (NYSE: NET) could produce fivefold returns for shareholders over the next decade. That means $200,000 split evenly between both stocks today could be worth $1 million by 2033. Of course, very few individuals have the financial means to put $100,000 into a single stock, and investors should always prioritize portfolio diversity, but the prospect of fivefold returns is compelling regardless of the sum invested.
Here's what investors should know about these growth stocks.
Source Fool.com
Shopify Inc Stock
Currently there is a rather positive sentiment for Shopify Inc with 5 Buy predictions and 0 Sell predictions.
As a result the target price of 75 € shows a positive potential of 35.55% compared to the current price of 55.33 € for Shopify Inc.
