3 Stocks That Could Turn $1,000 Into $5,000 by 2030 [Yahoo! Finance]
Dutch Bros Inc. (BROS)
Company Research
Source: Yahoo! Finance
However, finding stocks that you can credibly expect to quintuple in value in just a few years is a different story. Gains of that scope aren't unheard of, but they're hardly the norm. To make those sorts of picks generally requires a "right time, right place" scenario. With that in mind, I view these three names as having the potential to turn a $1,000 investment now into $5,000 by 2030. Just bear in mind you're taking above-average risks for the chance to reap above-average rewards. 1. Dutch Bros You may not be familiar with Dutch Bros (NYSE: BROS) yet -- but give it time. By the early 2030s, the chain of coffee shop drive-thrus aims to be more than four times bigger than it is right now. There were 831 Dutch Bros locations up and running as of the end of last year, thanks to the 159 new sites it opened in 2023. That's just the beginning, though. The longer-term goal is as many as 4,000 stores within the next 10 to 15 years. The company plans to add between 150 and 165 new
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BROS
News
- Why Dutch Bros Stock Fell 15% in April [Yahoo! Finance]Yahoo! Finance
- Dutch Bros Announces Summer Drink Lineup [Yahoo! Finance]Yahoo! Finance
- Muscular Dystrophy Association Launches ALS Awareness Month with Public Service Announcement ‘Answering the Call' [Yahoo! Finance]Yahoo! Finance
- Where Will Dutch Bros Be in 5 Years? [Yahoo! Finance]Yahoo! Finance
- Dutch Bros Inc. (NYSE: BROS) had its "hold" rating re-affirmed by analysts at TD Cowen. They now have a $33.00 price target on the stock.MarketBeat
BROS
Earnings
- 2/21/24 - Beat
BROS
Sec Filings
- 4/23/24 - Form 4
- 4/23/24 - Form 4
- 4/23/24 - Form 4
- BROS's page on the SEC website