Investing in companies with high growth potential is a key strategy for long-term wealth accumulation. Businesses operating in expanding markets and demonstrating strong revenue growth are likely to experience stock price appreciation. While there are no guarantees, this principle often holds true.
Highlighted below are two companies poised for further stock price growth in 2024 and beyond.
DraftKings
Choosing to invest in companies within rapidly growing industries is a proven method to identify successful stocks. DraftKings (NASDAQ: DKNG) is a prominent player in the rapidly growing online sports betting and gambling market. With a revenue growth of 64% in 2023 and numerous states yet to legalize online sports betting, DraftKings has significant growth opportunities ahead.
According to Statista, the combined value of the online casino gambling and sports-betting markets could exceed $150 billion by 2029….
2024-04-24 01:17:00
Originally published on finance.yahoo.com