3 Magnificent Stocks That Could Double or More by 2030
When the stock market is as turbulent as it is these days, it's easy to forget the times when things are decidedly more cheery. However, sell-offs present great opportunities to buy stocks with significant upside potential. Three Motley Fool contributors think they've identified magnificent stocks that could double or more by 2030. Here's why they picked CRISPR Therapeutics (NASDAQ: CRSP), Summit Therapeutics (NASDAQ: SMMT), and Viking Therapeutics (NASDAQ: VKTX) as stocks worth buying now.Prosper Junior Bakiny (CRISPR Therapeutics): Despite creating Casgevy, the first CRISPR-based gene-editing medicine to earn regulatory approval, CRISPR Therapeutics has not performed well in the past year and a half since hitting that milestone. The company is dealing with a notable headwind. Administering therapies of this kind takes time; the biotech has yet to generate much revenue from it. However, CRISPR Therapeutics' Casgevy, which treats a pair of blood-related disorders, has little competition. The medicine looks destined to exceed sales of $1 billion. CRISPR Therapeutics will reap immense profits even if it takes a little longer and even if the company has to share the spoils with its partner on this project, Vertex Pharmaceuticals.Continue reading
When the stock market is as turbulent as it is these days, it's easy to forget the times when things are decidedly more cheery. However, sell-offs present great opportunities to buy stocks with significant upside potential.
Three Motley Fool contributors think they've identified magnificent stocks that could double or more by 2030. Here's why they picked CRISPR Therapeutics (NASDAQ: CRSP), Summit Therapeutics (NASDAQ: SMMT), and Viking Therapeutics (NASDAQ: VKTX) as stocks worth buying now.
Prosper Junior Bakiny (CRISPR Therapeutics): Despite creating Casgevy, the first CRISPR-based gene-editing medicine to earn regulatory approval, CRISPR Therapeutics has not performed well in the past year and a half since hitting that milestone. The company is dealing with a notable headwind. Administering therapies of this kind takes time; the biotech has yet to generate much revenue from it. However, CRISPR Therapeutics' Casgevy, which treats a pair of blood-related disorders, has little competition. The medicine looks destined to exceed sales of $1 billion. CRISPR Therapeutics will reap immense profits even if it takes a little longer and even if the company has to share the spoils with its partner on this project, Vertex Pharmaceuticals.
