2 Remarkable Growth Stocks That Could Turn $1,000 Into $5,000 by 2030
Growth-heavy portfolios have taken a hit this year. The S&P 500 Growth index has fallen 27% from its high, putting the index deep in bear market territory. Even so, the index has still outperformed the broader S&P 500 over the past three, five, and 10 years. That data makes a compelling case for owning at least a few growth stocks.
Building on that idea, a $1,000 investment split evenly between Snowflake (NYSE: SNOW) and Okta (NASDAQ: OKTA) today could grow fivefold to $5,000 by 2030. Here's what you should know.
Snowflake specializes in big data. Its cloud platform enables customers to capture, store, and analyze data without the complexity of managing the underlying infrastructure. Snowflake also supports more sophisticated workloads like preparing data for artificial intelligence (AI), building data-driven applications, and securely sharing data with employees and partners.
Source Fool.com
