3 Brilliant Growth Stocks That Can Outperform the S&P 500 by 2030
The bull market has pushed the S 500 up 22% over the past year, but historically, the popular barometer has averaged about 10% returns annually. One strategy to beat the index is to invest in companies that are growing revenue or earnings at higher rates. Stocks might bounce around in the near term, but there is a close correlation between a stock's long-term performance and the growth of the underlying business.
To help you in your search, three Motley Fool contributors believe Uber Technologies (NYSE: UBER), MercadoLibre (NASDAQ: MELI), and Cava Group (NYSE: CAVA) have the makings of long-term winners that can outperform the broader market over the next five years. Here's why.
John Ballard (Uber Technologies): Uber stock is up 162% since bottoming out in 2022, but the stock's flat performance over the past year sets up a great buying opportunity. Another year of strong growth from the business against a stalled share price has brought the valuation down to an attractive level that sets up excellent return prospects.
Source Fool.com
Uber Technologies Inc Stock
With 87 Buy predictions and 2 Sell predictions Uber Technologies Inc is one of the favorites of our community.
However, we have a potential of -0.38% for Uber Technologies Inc as the target price of 82 € is below the current price of 82.31 €.
