3 Stocks That Could Turn $1,000 Into $5,000 by 2030
Every investor wants big gains. But, not every trade pans out as hoped. Plenty of "surefire mega-winners" end up crashing and burning because their risks are underestimated while their upsides are overblown. Names like action-camera maker or meal kit company Blue Apron (now owned by Wonder Group) come to mind. At one point both stocks were all the rage. Then reality struck, upending each of them.
Those flops don't necessarily mean you have to give up hope on finding a mega-winner though. It just means you need a stricter set of criteria, searching for companies with a superior product or service doing business in proven, sustainable growth markets.
To this end, here's a closer look at three stocks that could turn a $1,000 investment in them into a $5,000 holding in a matter of years. In all three cases, most investors aren't seeing an important detail about their respective businesses, or aren't looking far enough into the future.
Source Fool.com
GoPro Inc. A Stock
Our community is currently high on GoPro Inc. A with 4 Buy predictions and 1 Sell predictions.
With a target price of 4 € there is potential for a 124.85% increase which would mean more than doubling the current price of 1.78 € for GoPro Inc. A.
