2 Growth Giants With a History of Quadrupling Investments

Investing in growth stocks has long been a strategy for those looking to multiply their wealth, especially over extended periods like a decade. While past performance is never a guarantee of future results, there are growth companies that have demonstrated the potential to deliver robust returns, even quadrupling an initial investment. Notably, two companies stand out for replicating this historical growth trajectory.

Medtronic plc (MDT)

Medtronic plc MDT, holding operational roots in Fridley, Minnesota, is known for its robust presence in the medical devices industry. Medtronic's dedication to technological innovation in healthcare has seen it become a mainstay in portfolios seeking long-term growth through sector-specific advancements. The company's track record reveals a strong performance that could potentially transform a $1,000 investment substantially over the span of a decade.

Veeva Systems Inc. (VEEV)

Veeva Systems Inc. VEEV operates from Pleasanton, California, offering cloud-based software solutions tailored for the life sciences industry. With its specialized services in a niche market, Veeva's unique value proposition has fuelled its growth story. Investors have been watching Veeva replicate the success trajectory similar to its medical device counterparts, positioning it as a potential multiplier for any long-hold investment strategy.

Intuitive Surgical, Inc. (ISRG)

Intuitive Surgical, Inc. ISRG, an innovator in the field of robotic-assisted surgery, is another heavyweight in the growth stock arena. The company's flagship product, the da Vinci Surgical System, has revolutionized minimally invasive surgical procedures. Intuitive Surgical's continual reinvestment into research and development could mean that investors who join at the right time may see their stakes appreciate significantly over a ten-year span.

investing, growth, potential