Could GoPro Stock Help You Become a Millionaire?
Whatever one thinks of GoPro (NASDAQ: GPRO) stock, one has to acknowledge its theoretical ability to turn small investors into millionaires.
Its market cap is only $265 million, making it barely a small-cap stock. If one invested $5,000 at today's levels, it would need to grow by 200-fold to become $1 million. A 200-fold gain in the stock price would send its market cap to $53 billion, a level well into large-cap territory but hardly unusual for a tech growth stock.
However, not all stocks reach their peak at the same level, and achieving that level would take the stock far above its record highs. Knowing that, is the business positioned to mint millionaires? Let's take a closer look.
Source Fool.com
