2 Growth Stocks That Could Turn $2,000 into $10,000 by 2030 – The Motley Fool

Despite recent market volatility, the S&P 500 Growth index has been up 265% over the past decade, easily beating the 200% return of the broader S&P 500. In other words, growth stocks have outperformed the market over the long term, and the current pullback creates a buying opportunity for patient investors.

With that in mind, here are two growth stocks that could deliver fivefold returns by the end of the decade, meaning an initial investment of $2,000 (split evenly) would be worth $10,000 by 2030.

1. Roku

Roku (ROKU 5.61%) recently delivered disappointing second-quarter results. High inflation put pressure on consumer spending, suppressing streaming player sales and causing brands to cut advertising budgets. As a result, Roku posted revenue growth of just 18%, a significant deceleration from 81% in the prior year. However, inflation is a temporary headwind, and the long-term growth story is still intact.

Roku is the most popular streaming platform in the U.S., Canada, and…

Read Full Story: https://www.fool.com/investing/2022/08/03/2-growth-stocks-that-could-turn-2000-into-10000/

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