2 Actions That Could Turn $1,000 Into $5,000 By 2030

If you own a stock that doubles in the next six years, you’ll be in good shape. If it triples in that time, you will likely beat the market easily. But what if you can do even better?

Turning $1,000 into $5,000 between now and 2030 is no easy feat. It takes the initial instinct to pick a winner, followed by the patience to see through. There will be with five bags in that time. I think so Roku (ROKU 0.22%), Royal Caribbean (RCL -1.53%)and Celsius are three stocks that can grow fivefold in the next six years. Let’s take a closer look.

1. Roku

Roku is volatile. Shares of the video-on-TV streaming pioneer have nearly doubled since the start of last year, but shares are also trading lower in 2024. Roku’s shares have tumbled 85% since peaking in the summer of 2021, so neither at least it wouldn’t go down. needs to hit a new high to turn $1,000 into $5,000 right now.

A lot of people underestimate Roku, and if you base your performance on now-distant all-time highs, you can’t really blame them. Take a closer look and you’ll see a company that has defied the odds. Even as it competes with some of the wealthiest consumer tech companies, a spring report showed that Roku’s operating system accounted for 47 percent of the time people in the US spent streaming on connected TVs. It is three times larger than its nearest rival.

Image source: Getty Images.

Consumers don’t transmit less. Roku has 83.6 million streaming households that rely on Roku to power their favorite content apps, a 14% increase over last year. Commitment is also constantly increasing. Analysts see years of low double-digit revenue growth and losses are a problem, but deficits are shrinking. Breakeven is expected by 2027, but with analysts lowering their near-term loss targets, don’t be surprised if it happens sooner.

Things need to go well for a five-fold advance from here to 2030. Roku will need to continue to dominate this niche. It’s just scratching the surface in terms of connected TV advertising, and marketers will make it a priority to get in front of the massive audience that Roku attracts. International expansion will also need to go well for the volatile but promising streaming service stock. It also wouldn’t hurt if Roku continues to deliver knock-and-raise quarterly performance.

2. Royal Caribbean

Unlike Roku, Royal Caribbean hit an all-time high last week. The world’s second largest cruise line operator has never been better than it is now. Revenues are at a record high. Customer deposits are also at a new high, a good sign for strong results over the next few quarters.

Asking a stock that already screams “I’m king of the world” to be five bags by 2030 may seem reckless. The stock has tripled since the beginning of last year. But the increases could be just the beginning.

Royal Caribbean was the first of the publicly traded cruise lines to return to profitability after the pandemic. The COVID-19 crisis has been brutal for the industry, but it has helped ignite consumer appetite for sailing, while also giving operators time to improve their monetization per passenger.

Royal Caribbean is back, and not just because it just paid its first quarterly dividend in more than four years. The stock is also cheap. Despite the rise, the stock trades at just 13 times next year’s earnings. Earnings should continue to grow faster than revenue, so it could remain cheap even after it could be five times from here. After all, the stock has tripled in less than two years, and its forward multiple is in the teens.