3 Stocks Poised for Huge Growth Over the Next Decade

Even if the economy falters, there are plenty of stocks available to will continue to grow for years. Here are three high-growth stocks that should be on your radar regardless of market conditions.

| More on:

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s premium investing services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn more

While many investors fret over the timing of the next crash, there are plenty of stocks ready to grow over the next decade or more regardless of what the market does.

There will surely be swings along the way, but here are three companies that will likely be much bigger 10 years down the line.


Shopify is growing like a weed. In 2014, revenues came in at $105 million. In 2015, they nearly doubled to $205 million. The following year sales doubled yet again, approaching $390 million. In 2018, revenues surpassed $1 billion for the first time.

Ultimately, Shopify estimates that its addressable market is around $64 billion, which is calculated using the total number of retail businesses (roughly 47 million) and Shopify’s average annual revenues per user (around $1,300).

Competition is heating up, but there should be enough growth for everyone to benefit. In the short-term, shares appear overpriced at 22 times sales. Square Inc, for comparison, trades at just nine times sales.

Still, it’s hard to see Shopify shares not increasing over the next decade. As with any high-growth stock, there could be plenty of stumbles along the way, so be prepared to double-down if the opportunity arises.

Green Organic Dutchman Holdings Ltd (TSX:TGOD)

Green Organic operates in another high-growth industry: cannabis. Compared to peers like Aphria (TSX:APHA)(NYSE:APHA), Green Organic is in a class of its own.

In recent months, notable investors have called Aphria a “shell game” after its management team effectively used the company to enrich themselves. Some short-seller set a price target at $0. While there may ultimately be value in Aphria shares, there’s no reason to take the governance risk, especially when better options like Green Organic are available.

Green Organic primarily focuses on Canadian markets. While this limits their growth potential, it also de-risks their operations given that there’s more certainty in the regulatory climate. Even more exciting is the company’s commitment to shareholder returns, something many of its competitors seem to forget.

By 2021, the company may produce 170,000 kilograms of cannabis per year. This output will be completely organic, fetching a premium price in an increasingly commoditized market.

Green Organic doesn’t have the large upside of its international competitors, but if it can execute on its vision, expect shareholders to be happy years down the line.

Brookfield Infrastructure Partners L.P. (TSX:BIP.UN)(NYSE:BIP)

Brookfield Infrastructure has been one of the most reliable stocks on the TSX for years. Since 2009, shares have risen from $12 to more than $55, handily outpacing the market average.

Fortunately, the same factors that contributed to this outperformance will persist for decades more.

Brookfield Infrastructure invests in infrastructure projects such as highways, power plants, pipelines, and railroads. It’s truly a global company, with cash flows coming from North America, Europe, Asia, and South America.

The basic thesis here is that a growing global population increases demand on infrastructure. Those that own existing infrastructure or build new projects will benefit. This thesis has largely proven correct throughout Brookfield Infrastructure’s history.

By 2040, the global population should rise by another two billion people — that should be music to your ears if you’ve invested in Brookfield Infrastructure stock.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

Tom Gardner owns shares of Shopify and Square. The Motley Fool owns shares of Shopify, Shopify, and Square. Fool contributor Ryan Vanzo has no position in any stocks mentioned. Brookfield Property Partners L.P. and Shopify are  recommendations of Stock Advisor Canada.

More on Dividend Stocks

protect, safe, trust
Dividend Stocks

3 Safe Stocks for Beginners Amid Rising Volatility

Given their stable cash flows and healthy growth potential, these three safe stocks are excellent buys for beginners.

Read more »

money cash dividends
Dividend Stocks

Market Correction: 2 Oversold TSX Dividend Stocks to Buy for Total Returns

These top value stocks pay attractive dividends and look cheap to buy for a TFSA or RRSP focused on total…

Read more »

Dividend Stocks

2 Undervalued TSX Dividend Stocks to Buy in July

These unloved TSX dividend stocks could deliver attractive returns in the back half of 2022.

Read more »

sad concerned deep in thought
Dividend Stocks

$20 Billion Telco Merger: More Concessions and Conditions Ahead?

The mediation process in the proposed telco merger could lead to more concessions and conditions before the competition watchdog grants…

Read more »

Dividend Stocks

RRSP Investors: 2 Cheap TSX Dividend Stars to Buy for Total Returns

RRSP investors seeking attractive total returns can now buy top TSX dividend stock with high yields at discounted prices.

Read more »

rail train
Dividend Stocks

Canadian Pacific Railway (TSX:CP): A Top Wide-Moat Stock to Buy and Hold Forever

CP Rail keeps the goods moving around the country. Here’s why it’s a great pick for new investors.

Read more »

Businessmen teamwork brainstorming meeting.
Dividend Stocks

The 3 Top Large-Cap Stocks for TSX Investors

Have peace of mind by investing in top large-cap stocks during this market correction. Start researching BAM (TSX:BAM.A)(NYSE:BAM)!

Read more »

Golden crown on a red velvet background
Dividend Stocks

3 Dividend Aristocrat Stocks to Buy and Hold Forever

Three Dividend Aristocrats are excellent holdings for new and old investors with long-term financial goals.

Read more »