This Growth Stock Could Turn $100,000 Into $1 Million by 2031
Last year, the pandemic proved the importance of a digital-first business model. More consumers are shopping online and connecting with brands through the internet, and companies that hope to win and maintain customer loyalty need a strong digital presence. To that end, enterprises around the globe are replacing outdated systems with more modern solutions.
In fact, the International Data Corp. (IDC) expects global spending on digital transformation to total $6.8 trillion between 2020 and 2023. And as that trend plays out, some of today's start-ups will become tomorrow's industry leaders, meaning investors have a chance to realize big gains in the years ahead.
With that in mind, PagerDuty (NYSE: PD) should be on your watchlist. This company plays a critical role in digital operations management, and if it executes on its opportunity, this stock could grow tenfold over the next 10 years. Here's why.
Source Fool.com
