Palantir Technologies stock has advanced 435% in the past year, bringing its market value to $300 billion as of June 7. But two Nasdaq stocks, Shopify (SHOP 6.17%) and Intuitive Surgical (ISRG -0.19%), are growing quickly enough to top that figure in three years. Here’s what that would mean for shareholders:
- Shopify is currently worth $145 billion. It would achieve a market value of over $300 billion if its stock price increased 107% over the next three years, which implies annual returns of 27.4%.
- Intuitive Surgical is currently worth $200 billion. It would achieve a market value of over $300 billion if its stock price increased 50% in the next three years, which implies annual returns of 14.5%.
Here’s what investors should know about Shopify and Intuitive Surgical.
Images source: Getty Images.
1. Shopify
Shopify develops e-commerce software and services that help merchants run their businesses…
