ISRG - 2 Top Growth Stocks That Could Turn $1000 Into $4000 in 10 Years
2024-07-14 07:00:00 ET
Turning $1,000 into $4,000 in a decade by investing in stocks (or anything else) is no small feat. It requires a compound annual growth rate (CAGR) of almost 15%. For reference, the S&P 500 's CAGR in the past decade is 13.1%, and that's very high by historical standards. So, this task demands that an investor beat the market by some margin.
Though equities that can pull that off aren't easy to find, they exist. Let's consider two stocks that might have what it takes: Intuitive Surgical (NASDAQ: ISRG) and Veeva Systems (NYSE: VEEV) .
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2 Top Growth Stocks That Could Turn $1,000 Into $4,000 in 10 Years