The Ultimate Growth Stock to Buy With $1,000 Right Now
While making a $1,000 investment in any given stock may not sound like a game-changing retirement proposition, I like to view this sum's potential through the eyes of my 8-year-old daughter. By adding $1,000 to a given investment annually -- or roughly $20 a week -- for the next 50 years, her retirement nest egg could grow to over $2.6 million, assuming market-matching returns of 12%.
Should we dream of beating the market by a mere 2 percentage points, this $2.6 million figure would double.
One investment currently offering this combination of outperformance potential alongside a decades-long growth runway is Uber Technologies (NYSE: UBER). Tripling in value since the start of 2023, Uber's stock has been firing on all cylinders.
Source Fool.com
Uber Technologies Inc Stock
With 70 Buy predictions and 1 Sell predictions Uber Technologies Inc is one of the favorites of our community.
As a result the target price of 78 € shows a positive potential of 31.47% compared to the current price of 59.33 € for Uber Technologies Inc.
