These 3 Stocks Have More Than Doubled Over the Past Two Years. Can They Do It Again?
What makes the stock market different than most speculative investments is that there tends to be a lot more security attached to a company's performance. When you buy a share of a company with a trove of cash, great management, and a novel idea, you're giving the company a vote of confidence in the future. There's always risk, but it's minimized by a proven track record and clear opportunities.
That's why a company's potential is often more important than its history of success. If a stock price doubled in the past, it doesn't mean it will in the future. But winners tend to keep winning, and it makes sense that a company that was able to demonstrate past growth has the tools and the formula to keep doing it. Peloton Interactive (NASDAQ: PTON), Etsy (NASDAQ: ETSY), and Roku (NASDAQ: ROKU) have all demonstrated massive growth over the past two years. Let's see what might lie ahead over the next two years for these three stocks.
Image source: Peloton Interactive.
Source Fool.com
