2 Monster Growth Stocks That Could Increase Sales 693% and 909% in 10 Years, According to Certain Wall Street Analysts
Money flows down the income statement, from sales on the top line to net income on the bottom line. That means sales growth ultimately dictates a company's ability to increase profits and create value for shareholders.
With that in mind, it's worth noting that Morningstar analyst Julie Bhusal Sharma says Snowflake (NYSE: SNOW) can increase sales by 909% over the next decade, and Morgan Stanley analyst Keith Weiss thinks (NYSE: SHOP) could grow sales by 693% during the same period.
Snowflake posted solid financial results in the third quarter, beating expectations on the top and bottom lines. Its customer base expanded 24% to 8,907, and its average established customer spent 35% more with the company during the past year than it had in the year before. In turn, third-quarter revenue rose 32% year over year to $734 million and non-GAAP net income doubled to $90 million. Investors can expect similar momentum in the future.
Source Fool.com
Shopify Inc Stock
With 15 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 75 € shows a positive potential of 20.21% compared to the current price of 62.39 € for Shopify Inc.
