This Growth Stock Could 10x in 10 Years
The stock market averages about 10 percent annual returns over the long term. If you wanted a stock to increase by 10X over 10 years, that would require an average annual return of 26%. Clearly, beating the stock market isn't easy. Stocks that do it generally must have a combination of stellar growth and a cheap valuation, which creates a launchpad for years of life-changing gains.
Healthcare company Hims Hers Health (NYSE: HIMS) has grown impressively, and trades at prices you might call a bargain today. Here is why the stock could rise 10X over the next decade.
Hims Hers is a digital healthcare company. Patients can meet with professional care providers on the company's website or smartphone app, receive prescriptions, buy over-the-counter products, and have them shipped to their home -- all within the company's platform. The company started with taboo categories like sexual health and hair loss, but has expanded to others like cardiovascular health and weight loss.
Source Fool.com
