#high-growth-stocks

#high-growth-stocks

Bitcoin has also surprisingly underperformed the stock market, as it is only up by 6% year-to-date, but its 515% gain over the past five years bodes well for Coinbase's long-term prospects. Even with Bitcoin growth lagging the market and Coinbase doing the same, the company posted exceptional financial results in the third quarter. Revenue increased by 59% year-over-year while net income surged by 473% year-over-year. Coinbase wrapped up the quarter with a 24.12% net profit margin and only trades at a 24.5 P/E ratio.

"Turning $100,000 into $1 million in 10 years requires a compound annual growth rate (CAGR) of about 25.9% - a challenging goal that depends on investing in high-growth stocks."