3 Companies Whose Revenue Could Double This Year
Revenue growth is one of the most important catalysts for stock performance. The top-line figure may offers the best indication of a business's direction and future prospects, as every successful company need to deliver sales growth. Profits may be considered the more important figure, but earnings per share can be obfuscated by cost-cutting, share buybacks, and adjustments. Revenue, on the other hand, is almost always a straightforward number, and the market has shown -- as with stocks like Amazon.com -- that strong revenue growth is more than enough to make up for a lack of profits.
With that in mind, let's take a look at three stocks whose sales could double this year.
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Source: Fool.com
Amazon.com Inc. Stock
The stock is one of the favorites of our community with 155 Buy predictions and 1 Sell predictions.
As a result the target price of 190 € shows a slightly positive potential of 13.01% compared to the current price of 168.12 € for Amazon.com Inc..