Key Insights
Equity markets offer a reliable path for competitive returns over extended periods, like a decade. But what if investors wish to surpass the performance of major indexes?
Choosing the right stocks can enhance return potential. Let’s explore two candidates that may exceed the performance of the S&P 500 (SNPINDEX: ^GSPC) in the coming decade: SoFi Technologies (NASDAQ: SOFI) and Fiverr (NYSE: FVRR).
Where to invest $1,000 right now? Our analysts have identified the 10 best stocks to buy at the moment. Continue »
1. SoFi Technologies
SoFi Technologies, a specialist in fintech, has shown strong performance over the past year. As an online banking platform, it continues to achieve favorable financial results while growing its member base.
Over the next decade, SoFi is poised to benefit from multiple growth drivers. Its ability to attract younger members is significant, especially since it operates entirely online—an appealing factor for a generation accustomed to digital solutions.
Furthermore, SoFi plans to broaden its ecosystem by adding more services, which has historically been pivotal for its success. Recent initiatives include international money transfers and rekindling its focus on cryptocurrency trading.
2. Fiverr
While Fiverr hasn’t excelled recently, the growth of the gig economy could provide significant opportunities over the next decade.
The platform connects freelancers with businesses seeking skilled talent, simplifying the hiring process. Freelancers save time on marketing while companies benefit from a streamlined onboarding of contractors.
Despite slower revenue growth since the pandemic’s onset, Fiverr has managed to turn a profit and is now tapping into the rising demand for AI services, which could enhance its growth potential moving forward.
Is SoFi Technologies a Smart $1,000 Investment?
Before investing in SoFi Technologies, consider that the Motley Fool Stock Advisor team has identified the 10 best stocks to buy right now—SoFi isn’t among them.
Past recommendations have yielded impressive returns, such as Netflix and Nvidia, leading to substantial gains for early investors. Overall, Stock Advisor’s average return significantly outperforms the market, offering great potential for investors.
