
Got $1,000? 2 Top Growth Stocks to Buy That Could Double Your Money.
Shopify has consistently grown its revenue at double-digit rates, yet still captures a small share of e-commerce spending.
Take-Two has a promising lineup of new game releases slated for the next three years that could send the stock soaring.
10 stocks we like better than Shopify ›
There are always opportunities for investors to find stocks that offer above-average upside potential. Today, I'm going to look at two companies that could potentially double your money by 2030.
If you have $1,000 you can afford to commit a long-term investment strategy, here are two stocks to grow your savings.
1. Shopify
Shopify (NASDAQ: SHOP) has emerged as a dominant platform for businesses to open an online storefront and reach millions of shoppers around the world. It provides a range of services, including payments, inventory management, and many others. The stock has been a monster winner over the last decade and still offers significant appreciation potential through 2030.
Shopify has steadily grown revenue, which it earns through subscription and service fees, in the mid-20% range the past few years, pointing to more upside for investors. In the most recent quarter, it posted a year-over-year revenue growth rate of 27%, and analysts expect the company to grow revenue at an annualized rate of 21% through 2030.
Importantly, Shopify is starting to convert more of its revenue into free cash flow that justifies a higher valuation for the stock. Free cash flow jumped 56% in Q1 over the year-ago quarter, representing a healthy margin of 15% on revenue.
The improving free-cash-flow margin suggests Shopify could see explosive growth on the bottom line considering the opportunities to keep expanding the business. It still captures only around 12% of U.S. online retail sales, pointing to a long runway of growth. International expansion stretches Shopify's opportunity even further.
The company's new artificial intelligence (AI) features bring more automation to building and running an online storefront, as well as chipping in for help with customer service. This could appeal to more merchants and drive more demand for its platform. Monthly users of Shopify Sidekick, its AI assistant, have more than doubled since the start of 2025.
Using the consensus analyst estimate, Shopify could reach $23 billion in annual revenue by 2030, with more than $5 billion in annual free cash flow. This is why Shopify will likely continue to trade at a high price-to-sales (P/S) multiple. Its market cap is currently $165 billion, with a share price of $127. Assuming it still trades at a P/S multiple of 15, compared to its current 17.7 multiple, Shopify's market cap could reach $345 billion within five years, doubling the stock price.
2. Take-Two Interactive
Take-Two Interactive (NASDAQ: TTWO) doesn't offer the same upside as Shopify, but it's a lower-risk stock that could double your money. Take-Two is one of the leading video game producers in a growing $200 billion industry. The stock could double in value by 2030 just based on continued growth in the business and new game releases.
In May 2026, Take-Two will launch the next installment of its best-selling Grand Theft Auto (GTA) franchise. This franchise has a passionate fan base. The current version of the game has sold more than 215 million copies since its release in 2013, and Take-Two has a good track record of expanding the player base and sales for the series.
Take-Two should also see healthy sales from other titles, such as annual releases of NBA 2K, which has experienced strong sales momentum lately. The company has a deep pipeline of new releases planned across existing and new titles that ultimately should increase the company's scale and grow earnings.
Take-Two delivered strong growth over the past decade thanks to the success of its flagship franchise. Prior to its acquisition of mobile game company Zynga in fiscal 2023, Take-Two's revenue grew at an annualized rate of 12% between fiscal 2013 and fiscal 2022, with adjusted earnings growing 35% per year. Much of that growth was driven by GTA V.
GTA VI promises to be bigger and better, which points to a growing player base. There's always a risk that a release doesn't meet sales expectations, but Take-Two has a broad slate of new releases from existing franchises planned through fiscal 2028 that can also expand revenue. A strategy built on releasing new titles from proven franchises helps lower risk over releasing wholly original games, which is why Take-Two is a solid video game stock to consider buying.
Analysts expect annual revenue to double to nearly $11 billion by fiscal 2030. Assuming the stock is trading at the same P/S multiple of 7.3, which is appropriate given prospects for double-digit sales and earnings growth, the stock should also double in value from its current share price to around $470.
Should you invest $1,000 in Shopify right now?
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