7 Stocks That Could Triple Over the Next Decade

Companies like Amazon.com (Nasdaq: AMZN), Domino's Pizza (NYSE: DPZ), and Netflix (Nasdaq: NFLX) have been among the best-performing stocks of the past decade, rising by nearly 2,000% or more.

Expecting them to double or triple again in just the next 10 years might not be realistic. Amazon, after all, is worth $1.6 trillion now, meaning if its value increased threefold it would be worth $4.8 trillion. Not that it couldn't happen, but it's easier for a stock to go from $10 to $30 than for one worth over $3,000, as the e-commerce giant is, to rise to $9,000 or more.

However, the following are seven stocks that have a very good chance of doing just that and tripling over the next decade.

5 Winning Stocks Under $49
We hear it over and over from investors, “I wish I had bought Amazon or Netflix when they were first recommended by the Motley Fool. I’d be sitting on a gold mine!” And it’s true. And while Amazon and Netflix have had a good run, we think these 5 other stocks are screaming buys. And you can buy them now for less than $49 a share! Simply click here to learn how to get your copy of “5 Growth Stocks Under $49” for FREE for a limited time only.

Alibaba (NYSE: BABA) is preparing for its Singles Day shopping extravaganza on Nov. 11. It's an Amazon Prime Day-like sales event, but on steroids. Last year Alibaba generated $38.4 billion in gross merchandise sales on that day, while Amazon is estimated to have generated over $10 billion in sales for last month's two-day event.

Shares of Alibaba have quadrupled in value from its $68-per-share IPO back in 2014, but it should march higher as its four separate major marketplaces blanket the consumer and business e-commerce field. But by opting to be a platform where third-party retailers sell, rather than being a retailer itself, it keeps its overhead down and benefits from a growing Chinese economy.

ALSO READ: 3 Top Growth Stocks to Buy in November

Although tech stocks are the ones most people associate with stocks that grow exponentially, Ford (NYSE: F) could be one of those old-school industrial stocks that prove the exception to the rule.

New CEO Jim Farley is earning kudos from Wall Street, which was helped by the auto giant bouncing back strongly from the COVID-19-induced wreckage of the summer. Third-quarter adjusted operating profits were a surprisingly robust $3.6 billion, and though it still has a lot of jams to work through, a more consistent performance is now to be expected in the coming years.

Its upcoming cars are more technologically advanced, and it has a bright future in foreign markets, including China, even though it recorded losses there last quarter. It can still drive to higher valuations over the next 10 years.

For all the reasons just given for Ford, ditto for General Motors (NYSE: GM). The company doesn't actually have the same hurdles to get over that its rival does, however, and GM recorded profits from its China operations.

But the company is also advancing forcefully on the tech front, with a suite of electric vehicles that promise a unique and edifying lift to performance through the use of proprietary batteries and motors. More importantly, they should give GM profits for the effort.

CEO Mary Barra is transforming the automaker into a viable company again, and in doing so, making investors take notice. Its stock has more than doubled off its lows from March, but remains down 6% in 2020, making it an attractively discounted stock that can grow significantly over the next decade.

JD.com (Nasdaq: JD) is another play on the theme of the expanding Chinese economy. Although the online retailer broadly trails Alibaba in market share, it has the benefit of also generating revenue from fulfilling orders on its site after taking possession of the inventory from retailers.

That makes the e-commerce leader a more capital-intensive business, lowering its profit margins compared with Alibaba. But it has opened up new opportunities for it, such as offering logistics services to third-party sellers, online advertising, cloud services, and more. In that regard, it's much more like Amazon.com.

JD has also received financing from and formed partnerships with Walmart for mass merchandise and online grocery shopping. Walmart owns a 12% stake in the company.

ALSO READ: 3 International Tech Stocks to Buy Right Now

Innovative database developer MongoDB (Nasdaq: MDB) is a growing force in cloud-based databases, challenging much larger rivals like Microsoft and Oracle with its Atlas subscription platform.

Still a smaller contributor to MongoDB's total revenue, Atlas is its fastest-growing product, up 66% last quarter. According to industry site DB-Engines, MongoDB is the fifth-most-popular database on the market, and the top nonrelational database model. With a roster of high profile-customers, including Disney and PayPal, and a $50 billion market opportunity, MongoDB has plenty of room to grow.

5 Winning Stocks Under $49
We hear it over and over from investors, “I wish I had bought Amazon or Netflix when they were first recommended by the Motley Fool. I’d be sitting on a gold mine!” And it’s true. And while Amazon and Netflix have had a good run, we think these 5 other stocks are screaming buys. And you can buy them now for less than $49 a share! Simply click here to learn how to get your copy of “5 Growth Stocks Under $49” for FREE for a limited time only.

Novavax (Nasdaq: NVAX) is getting a lot of attention because of its drive to develop a COVID-19 vaccine, as it has 11 candidates in phase 3 trials and 49 in earlier-stage clinical trials. Its stock, though, has fluctuated wildly on the starts and stops related to its efforts, such as its recent announcement it would need to delay some trials till the end of the month.

While a coronavirus vaccine holds substantial potential for gains, Novavax is actually a lot more than a pandemic play, which is good because there's a lot of competition in the space. Its leading pipeline candidate, NanoFlu, a vaccine for influenza, saw overwhelmingly positive late-stage trial results in March and stands a good chance of getting Food and Drug Administration approval.

A therapy to save the tens of thousands of lives lost to the flu each year could send Novavax's stock soaring.

Hydrogen fuel cell maker Plug Power (Nasdaq: PLUG) is likely the riskiest of the bunch of stocks that could triple in value over the next decade, if only because it has been in business awhile but has failed to achieve any of its stated goals over the years.

However, its plan to generate $1.2 billion in annual sales has gotten a boost from "anchor customers" like Amazon and Walmart. Also, the possibility of extensive investments in alternative energy sources under a new presidential administration could see its plans accelerate.

Analysts still expect Plug Power's earnings to grow at a compounded 25% annual rate for the long term, suggesting it should land near the mark, which would cause the alt fuel maker to soar.

ALSO READ: My Top Renewable Energy Stock to Buy Right Now

There are no guarantees any of these highlighted stocks will actually triple in value by 2030, but each has a well-marked path to follow to achieve it.

Every investment comes with its own risk, but understanding how a company can grow can minimize some of the uncertainty while giving investors the opportunity to reap a rich reward.

John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool’s board of directors. Rich Duprey has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Alibaba Group Holding Ltd., Amazon, JD.com, Microsoft, MongoDB, Netflix, PayPal Holdings, and Walt Disney. The Motley Fool recommends Domino's Pizza and recommends the following options: long January 2021 $60 calls on Walt Disney, long January 2021 $85 calls on Microsoft, short January 2021 $115 calls on Microsoft, short January 2022 $1940 calls on Amazon, long January 2022 $1920 calls on Amazon, and long January 2022 $75 calls on PayPal Holdings. The Motley Fool has a disclosure policy.