A Bull Market Is Coming: 1 Incredible Growth Stock to Buy Hand Over Fist Before It Soars 729%, According to Cathie Wood's Ark Invest

Over the past several years, Ark Investment Management rose to prominence in the investing world by making bold calls on emerging and disruptive technologies. In its Big Ideas 2023 report, Ark makes the case for such innovations as public blockchains, robotics, electric vehicles (EVs), and autonomous driving platforms, and more. The investing firm's enigmatic founder, Cathie Wood, joined the ranks of Wall Street A-listers by predicting the success of early disrupters including Nvidia, Block (aka Square), and Bitcoin, among others.

After taking a beating last year, the Ark Innovation ETF has made an impressive turnaround, generating returns of 42% so far this year, more than double the gains of the S 500 (as of this writing). The gains were fueled by strong performances by Exact Sciences, Coinbase Global, and , but Wood believes this is just the beginning.

One of Ark's most high-profile calls involves Tesla (NASDAQ: TSLA), which Wood believes will probably climb to $2,000 by 2027, representing potential gains for investors of 729% compared with Tuesday's closing price. Her bull case is even more mind-boggling, calling for the stock to rise to $2,500 per share over the next three years, which would represent gains of 936%.

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Source Fool.com