2 Stocks That Could Double by 2030

Two stocks, Shopify and Deckers Outdoor, show potential to double in value by 2030. Shopify, a prominent player in e-commerce, posted strong growth in second-quarter gross merchandise volume (GMV), reaching $462 billion, and holds approximately 12% of the global e-commerce market. With a 37% increase in merchant solutions revenue, Shopify's high revenue from recurring fees as merchants expand their businesses could double its stock price if analysts' earnings growth projections materialize.

Deckers Outdoor, the owner of brands like HOKA and UGG, trades at a low 13 times forward earnings, despite recent economic headwinds. Revenue growth has returned to mid-teens rates, with expectations of further expansion and a potential P/E ratio of 24. With a favorable market environment and continued growth, Deckers Outdoor's stock has a realistic chance of doubling by 2030.