Achieving a fourfold increase in a decade with a $1,000 investment in stocks is quite an accomplishment, requiring a compound annual growth rate of nearly 15%. Beating the market by a significant margin is necessary for this feat, as the S&P 500’s CAGR in the past decade was 13.1%, which is considered high by historical standards.
While finding equities that can achieve this level of growth is challenging, companies like Intuitive Surgical (NASDAQ: ISRG) and Veeva Systems (NYSE: VEEV) may have the potential to do so. Veeva Systems, in particular, has a promising outlook with a total addressable market of over $13 billion and revenue that is less than 20% of this figure. The company’s strong competitive advantage and expansion into other regulated industries position it well for future growth.
Investors considering Intuitive Surgical should note that it was not among the 10 best stocks identified by the Motley Fool Stock Advisor analyst team for potential monster returns. This service, which has outperformed the S&P 500 since 2002, provides guidance on building a successful portfolio and offers two new stock picks each month.
In conclusion, both Intuitive Surgical and Veeva Systems have the potential to deliver significant returns over the next decade, making them worth considering for long-term investments. It is important to conduct thorough research and consider all factors before making any investment decisions.