Two Stocks Poised to Double Your Investment by 2030
Finding stocks that could double within a few years is challenging. It often leads to taking more risks than necessary. However, with the right approach, such as investing in industry-leading companies, it’s feasible to double your money in five years. Businesses that grow their revenues or earnings by over 15% annually may provide this opportunity. Below are two stocks that exemplify this growth potential.
Image source: Shopify.
1. Shopify
Investors who purchased Shopify (NASDAQ: SHOP) at its 2022 lows and held onto their shares have seen their investments triple. Yet, the stock still shows considerable future growth potential. Shopify empowers businesses of all sizes to build and manage online stores, yet these stores represent a small fraction of total e-commerce spending.
Shopify has achieved remarkable growth, with a year-over-year revenue increase of 27% in Q1, up from 23% the previous year. This trend suggests that the company is solidifying its market position, opening doors for more sustained growth.
The subscription model is a significant revenue driver for Shopify, contributing 21% year-over-year growth in Q1 alone. This model represents a quarter of the company’s total revenue, with the rest generated from payment processing and shipping services.
The increasing competitiveness of online retail presents both challenges and opportunities for Shopify. While giants like Amazon dominate e-commerce, Shopify’s merchants have reported faster growth in online sales than the overall market over the past decade. This indicates that Shopify’s tools are enhancing the competitiveness of small businesses.
In Q1, the total gross merchandise volume on Shopify’s platform reached $74 billion, translating to a projected annual run rate of $299 billion—signifying that Shopify clients currently capture under 10% of online retail spending. The growth potential for Shopify remains enormous.
Analysts anticipate Shopify’s earnings will rise at an annualized rate of 32% in the coming years. Even with a lower future price-to-earnings ratio expected, this growth rate is likely sufficient for the stock to double by 2030.
Image source: Getty Images.
2. Uber Technologies
Despite competition in the ride-sharing market, Uber Technologies (NYSE: UBER) has proven to be a leader. The company has seen remarkable growth over the past year, positioning itself for significant investor returns.
Uber’s strong performance continued into 2025, with drivers completing over 3 billion trips in Q1—a year-over-year increase of 18%. Revenue rose 17% year over year on a constant-currency basis, reaching $11.5 billion.
A pivotal factor in this growth is Uber’s improving profitability. Operating profit surged from $172 million in Q1 2024 to over $1.2 billion in Q1 2025, marking a turnaround from past losses. Management credits this trend to increased trip frequency, allowing Uber to manage costs more effectively.
The scale of Uber’s user base adds further value; the company reported 170 million monthly active platform consumers in the last quarter, a 14% year-over-year increase. These users could increasingly benefit from new services as Uber enhances its platform.
With over 30 million Uber One subscribers receiving exclusive deals for a monthly fee, Uber’s delivery services, particularly in food and retail, are thriving. Additionally, it has embarked on partnerships to deploy autonomous ride-sharing vehicles in various global markets.
As the top ride-sharing provider in most markets it serves, Uber’s financial outlook appears strong, supporting further stock price increases in 2025 and beyond. Analysts predict an annual earnings growth rate of 28% over the next few years. With the stock currently trading at a reasonable 24 times this year’s expected earnings, doubling by 2030 seems feasible.
Should you invest $1,000 in Shopify right now?
If you are contemplating investing in Shopify Stock, consider this:
A recent analysis revealed a list of the 10 best stocks for current investment, and Shopify was not included. The selected stocks may have the potential for exceptional future returns.
To illustrate, when Netflix made this list on December 17, 2004, a $1,000 investment would have grown to $613,951* today.
Similarly, if you invested $1,000 in Nvidia from its April 15, 2005 inclusion, it would be worth $796,353* today.
The *Stock Advisor’s total average return is 948% — significantly outperforming the S&P 500’s 170% return.
*Stock Advisor returns as of May 12, 2025
John Mackey, former CEO of Whole Foods Market, is a member of The Motley Fool’s board. John Ballard has positions in Uber Technologies. The Motley Fool has positions in and recommends Amazon, Shopify, and Uber Technologies.
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
