3 Top Growth Stocks That Could Double in 5 Years
A double in five years translates to a compound annual return of 15%. That is higher than the market's historical return of about 10%, but it's not as difficult as you might think to beat the market.
The best path to earning double every five years is to invest in companies that are also growing revenue by around 15% or more per year. There is a high correlation between a company's revenue growth and the stock's ability to outperform over many years. By narrowing your choices to companies with above-average top-line growth, you'll invest in stronger companies and increase the chances of hitting your return goal.
To give you some examples, let's see why three Motley Fool contributors believe Airbnb (NASDAQ: ABNB), Lululemon Athletica (NASDAQ: LULU), and Kura Sushi (NASDAQ: KRUS) could double in five years.
Source Fool.com
Lululemon Athletica Inc. Stock
Our community is currently high on Lululemon Athletica Inc. with 91 Buy predictions and 6 Sell predictions.
As a result the target price of 453 € shows a very positive potential of 94.05% compared to the current price of 233.45 € for Lululemon Athletica Inc..
