2 TSX Stocks That Could Double in 3 Years

Restaurant Brands International (TSX:QSR)(NYSE:QSR) is just one of many Canadian stocks that could give investors a good shot at a double by 2025.

| More on:
Shopping card with boxes labelled REITs, ETFs, Bonds, Stocks

Image source: Getty Images.

Many TSX stocks could double or even triple over a year or sooner, but such high-flyers, I believe, may accompany a ridiculously high magnitude of risk. All-or-nothing propositions are not great for beginner investors who don’t fully understand the potential downsides. Indeed, high-momentum investments like those within the crypto universe could crumble overnight.

Rather than trying to score a double in the quickest time possible, with little to no consideration for the amount of risk one will have to stomach, one should look at potential rewards relative to risks while taking concise timespans out of the equation.

With a lengthy time horizon of three, five, or even 10 years, one’s magnitude of risks stands to fade. So, instead of trying to score a double as soon as possible, consider maximizing your potential returns over a span of three or five years. Undoubtedly, one needs to adopt a longer-term mindset, with a focus on real fundamentals rather than near-term noise, which makes it so hard for near-term traders to make money over concise timespans.

In this piece, we’ll have a look at two great TSX stocks that I believe could provide one with a good shot of doubling over the next three years or so. Indeed, a double in three years is somewhat realistic, albeit still aggressive. Still, relative to most other high-flying assets, both plays, I believe, offer a good shot at game-changing returns without having to risk one’s shirt.

Consider a deep-value play like Restaurant Brands International (TSX:QSR)(NYSE:QSR) or a high-risk/high-reward play like Docebo (TSX:DCBO)(NASDAQ:DCBO).

Restaurant Brands International

Restaurant Brands International is a fast-food trio that recently added a fourth brand to its arsenal, with Firehouse Subs, acquired in a deal worth US$1 billion. Undoubtedly, the portfolio of brands is incredibly intriguing, with a high growth ceiling at the international level. Popeyes Louisiana Kitchen, Tim Hortons, and Burger King are magnificent plays within the fast-food universe that don’t overlap with each other. Fried chicken, coffee, burgers, and now sub sandwiches give the company a very diversified mix of food items within the quick-serve restaurant industry.

With so many brands can come challenges. Indeed, one brand may shine in a given quarter, as others sag. Still, the management team has been busy improving itself and learning from its mistakes over the years. With many solid investments in infrastructure (modernized drive-thrus and enhanced mobile ordering options), I do think that one day the firm will be able to get all four brands firing on all cylinders, all while the firm ramps up its expansion.

Firehouse Subs and Popeyes, while the smaller of the four brands, hold the most long-term growth potential over the next three years.


Docebo is arguably the best Canadian stock to play the ongoing digital transformation. The work-from-anywhere trend isn’t going anywhere, even if COVID-19 enters endemic territory. Many employees don’t want to head back to the office, given the greater flexibility. And given the ball is in the court of employees, employers are going to need to step up their game, including remote options, in order to stay competitive in a tough labour market.

The company won over huge clients in 2020. And I’d look for the firm to build on its incredible momentum over the next three years. The firm has incredible AI technologies under the hood. Thus far, customers love the product. As it gets better, look for Docebo to continue picking up momentum, challenging its Silicon Valley peers in a similar manner as the likes of Shopify.

The Learning Management System (LMS) space is quite a niche, but it’s been in the limelight amid the pandemic. At current levels, Docebo stock isn’t cheap, but it’s not expensive if you believe that management can seize the growth opportunity at hand.

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.

Fool contributor Joey Frenette owns shares of Restaurant Brands International Inc. The Motley Fool recommends Docebo Inc. and Restaurant Brands International Inc.

More on Investing

Canadian stocks are rising
Dividend Stocks

1 Dividend-Growth Stock You Won’t Want to Miss in the Real Estate Sector

A growth-oriented REIT is a strong buy today after raising its dividend by more than 5% in each of the…

Read more »

Hand arranging wood block stacking as step stair with arrow up.

Retirement Investors: 3 TSX Stocks That Could Rally With the Economy 

Always buy stocks you are bullish on when they trade below their 52-week highs. A recovery rally can enhance your…

Read more »

some canadian stocks rose

3 Stocks I’ll Load Up on in 2023

Toronto-Dominion Bank (TSX:TD) is one stock I'll load up on in 2023. There are others, too.

Read more »

Dividend Stocks

Better Buy: Emera Stock vs. Hydro One

Higher-risk utility Emera should provide higher returns over the next five years, given the dip and its higher yield.

Read more »

Growing plant shoots on coins
Tech Stocks

3 Growth Stocks That Look Ready to Double in 1 Year

These three growth stocks are "sleeping giants" ready to blast off in 2023 and beyond for investors who pick them…

Read more »

Payday ringed on a calendar
Dividend Stocks

Passive-Income Hat Trick: 3 TSX Stocks to Buy for Monthly Cash

Investors seeking passive income can invest in these Canadian dividend stocks and earn attractive monthly passive income.

Read more »

A close up image of Canadian $20 Dollar bills
Dividend Stocks

Get Passive Income of $435/Month With This TSX Stock

Here’s how dividend investing in Canada could help you get reliable monthly passive income.

Read more »

Money growing in soil , Business success concept.
Dividend Stocks

2 Undervalued Growth Stocks to Buy Right Now

Once a growth stock becomes too heavily discounted or undervalued, investors begin to wonder about its ability to bounce back,…

Read more »