It is well known that stock market investments can offer substantial returns for discerning investors and traders, but pinpointing which stocks may surpass others in performance can prove to be difficult. The goal of turning an initial $1,000 investment into $10,000 is particularly ambitious.
Investing $1,000 in select stocks with the aim of reaching $10,000 by 2025 is undeniably speculative and presents significant risks. Nonetheless, Finbold has examined the stock market to identify potential candidates that might help in realizing this optimistic goal.
#1 CrowdStrike (CRWD)
One of the stocks evaluated is CrowdStrike (NASDAQ: CRWD), a prominent American firm specializing in cybersecurity technology. Recently, KeyBanc elevated its 12-month price forecast for CRWD, raising its stock target from $300 to $345 while retaining an ‘overweight’ rating.
Moreover, Needham analyst Mike Cikos has issued a ‘buy’ rating for CRWD with a target of $360 following his attendance at the company’s Fal.Con presentation, indicating that it could capitalize on the widespread IT outage from July to drive future price increases. Additionally, Wall Street consensus favors CRWD as a ‘strong buy,’ anticipating an average price of $325.22.
As of September 23, CRWD stock was priced at $298.40, reflecting a minor daily gain of 0.22%, a weekly rise of 10.74%, a monthly increase of 12.26%, and an impressive YTD growth of 20.90%.
#2 Hims & Hers Health (HIMS)
Hims & Hers Health (NYSE: HIMS), an emerging player in personalized healthcare and telemedicine, reported a remarkable 52% year-over-year (YoY) growth in Q2 2024, achieving $316 million and expanding its subscriber base to over 1.9 million.
In late August, Needham analysts initiated coverage of Hims & Hers with a ‘buy’ rating and a price target of $24. Presently, the average Wall Street estimate for HIMS stock stands at $21.09, suggesting a potential rise of 29.39% from its reported price.
As of the latest update, HIMS stock is trading at $16.27, a slight drop of 0.50% in the past 24 hours, but showing a 0.16% gain over the past week and a 1.66% increase month-over-month, alongside an impressive rise of 68.73% since January.
#3 Alphabet (GOOGL)
Large-cap stocks are often considered some of the most promising investment choices. Alphabet (NASDAQ: GOOGL), the parent company of Google, boasts a market capitalization of $2 trillion and maintains a strong presence in search and cloud services, with analysts maintaining a favorable long-term outlook.
With its ongoing ventures in artificial intelligence (AI), Alphabet has established itself as a leading player in the field. The stock’s favorable valuation, highlighted by a P/E ratio of 22.9 and a forward P/E of 18.42, together with a projected 14% earnings growth, reinforces this positive sentiment.
GOOGL stock is currently priced at $163.99, reflecting a slight 0.08% decline for the day, although it has appreciated by 2.73% over the past week, dropped 1.28% in the past month, and exhibited an 18.69% increase year-to-date, based on the latest data as of September 23.
Conclusion
In summary, the mentioned stocks could indeed offer promising earning potential and aid a targeted investment of $1,000 in growing to $10,000 by as early as 2025. However, due to the unpredictable nature of the market, conducting thorough personal research is paramount.
Image Source: Wasan Tita / Shutterstock
