This Growth Stock Could 10X in 10 Years
There are few things as sweet as a 10-bagger stock that you've watched grow and grow. Investors only need a couple of home runs to make up for the lemons in their portfolio, and that's why it's crucial to find stocks that have a shot to 10X.
With growth of 267.4% in the last three years alone, the medical aesthetics company InMode (NASDAQ: INMD) is already well on the trajectory of being a 10-bagger. For InMode to grow by 10X, its market cap would need to expand from where it is now at around $2 billion to reach $21 billion by the middle of 2032. Let's examine the company's business model and its recent financial performance to get a feel for whether that's a realistic goal or a pipe dream.
Image source: Getty Images.
Source Fool.com
