AKAM - 2 Growth Stocks That Could Rally Over the Next Decade
2023-06-01 09:20:00 ET
It's always a good idea to invest in companies that have exceptional long-term growth potential. Paying a reasonable price for that growth is important, though, as overpaying for a hot growth stock can cost you dearly if the best-case scenario fails to play out.
While General Motors (NYSE: GM) and Akamai (NASDAQ: AKAM) may not be obvious picks for growth stocks, both have impressive growth potential over the next decade.
Automaker GM is setting its sights on becoming a much larger company this decade. By betting big on electric vehicles, autonomous driving, and software, GM is targeting annual revenue of between $275 billion and $315 billion by 2030. That's about double the revenue it generated in 2022.
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2 Growth Stocks That Could Rally Over the Next Decade