3 Stocks That Could Triple in 3 Years
With the market down in the dumps this year, it's easy to put business imperfections under a microscope and pick on all the reasons their shares can trade for even lower. Indeed, with an economic slowdown at best already here, a case can be made that stocks aren't going to recover quickly.
Nevertheless, successfully investing in businesses requires looking beyond the here and now, and instead looking at future potential. With that in mind, three Fool.com contributors have narrowed down the field to three stocks they think have the potential to triple in three years (that is, by the end of 2025). According to them, you'd do well to look into live work collaboration technologist Atlassian (NASDAQ: TEAM), PC and enterprise computing leader Dell (NYSE: DELL), and small digital advertising software company Pubmatic (NASDAQ: PUBM).
Anders Bylund (Atlassian): Project management software expert Atlassian carried a lofty stock price last year. On the eve of Thanksgiving 2021, Atlassian's shares traded at the nosebleed-inducing valuation ratios of 125 times free cash flows and 44 times sales. We can't talk about the price-to-earnings ratio, because even the adjusted version of the trailing bottom-line number was negative to the tune of $4.34 per diluted share.
Source Fool.com
