In this article, we will look at the 14 Stocks That Will Double in the Next 5 Years.
On April 18, Dan Ives from Wedbush Securities appeared on a CNBC Television interview to discuss his takeaways from a recent trip to Asia to assess AI demand. He said he returns incrementally more bullish on the technology sector in general. Ives noted that the demand remains strong from the AI buildout. He elaborates that this surge in demand will translate into earnings not only for hardware players but also for software companies and hyperscalers. He highlighted that this is a green light for companies going into the earnings season, and the playbook for these companies eventually comes down to the monetization of AI.
Ives also discussed the energy crisis concerning the increased fuel prices and the closure of the Strait of Hormuz. Ives noted that he found companies to be relatively calm about the energy crisis and highlighted that unless the war continues for months, the energy shock shouldn’t be a major concern. Overall, Ives is bullish on the technology sector, particularly the software and hyperscalers.
Some of the software and hyperscaler companies are also part of our list of 14 Stocks That Will Double in the Next 5 Years.
Stocks
Our Methodology
To curate the list of 14 Stocks That Will Double in the Next 5 Years, we used reputable financial media and Reddit. Using these sources, we shortlisted stocks with more than 15% EPS growth this year and for which analysts expect more than 30% EPS growth in the next 5 years. We limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also popular among analysts and elite hedge funds.
14 Stocks That Will Double in the Next 5 Years
14. Upstart Holdings, Inc. (NASDAQ:UPST)
EPS Growth This Year: 19.15%
EPS Growth Next 5 Years: 40.97%
Number of Hedge Fund Holders: 41
Upstart Holdings, Inc. (NASDAQ:UPST) is among the Stocks That Will Double in the Next 5 Years.
On April 13, Bank of America Securities lowered the firm’s price target on Upstart Holdings, Inc. (NASDAQ:UPST) from $40 to $36, while maintaining a Neutral rating on the shares. The firm noted that the price target reduction is based on the revised earnings estimates, which incorporate lower market multiples and higher macroeconomic uncertainties.
Earlier, on March 31, Citizens had maintained a Market Underperform rating on the stock, with a price target of $20. The firm noted that discussions with the company’s President and Chief Capital Officer and Fortress Head of Specialty Finance revealed that both companies are facing concerns regarding funding and credit outlooks.
Overall, the Street has a cautious outlook on the stock, as 50% of the 16 analysts covering the stock maintain a Buy rating. The 12-month average price target on the stock suggests more than 20% upside from the current level.
Upstart Holdings Inc. (NASDAQ:UPST) is a cloud-based artificial intelligence lending platform that approves consumers for credit. The company has a strong emphasis on risk reduction and partners with banks, credit unions, and other lenders. It offers several products such as unsecured personal loans, auto refinancing, auto secured loans, and home equity lines of credit.
13. Affirm Holdings, Inc. (NASDAQ:AFRM)
EPS Growth This Year: 619.55%
EPS Growth Next 5 Years: 148.76%
Number of Hedge Fund Holders: 63
Affirm Holdings, Inc. (NASDAQ:AFRM) is among the Stocks That Will Double in the Next 5 Years.
On April 10, Baird reiterated a Neutral rating on Affirm Holdings, Inc. (NASDAQ:AFRM) with a price target of $55. The rating comes ahead of the company’s fiscal Q3 2026 earning, which is scheduled for May 7, 2026. Baird expects the company to post strong results for the quarter and top the consensus estimate of $0.17 (GAAP EPS) and $995.48 million in revenue.
The firm also expects the company to raise its fiscal 2026 guidance modestly. Overall, Baird highlighted that it finds the company’s risk and reward profile balances considering the increased fuel prices affecting consumer sentiment, elevated US credit, and private market disruption fears.
During the fiscal Q2 2026, the company topped revenue estimates and EPS estimates. Affirm Holdings, Inc. (NASDAQ:AFRM) posted $1.12 billion in revenue, reflecting 29.62% year-over-year growth and topping estimates by $67.31 million. The GAAP EPS came in at $0.37, topping the consensus by $0.10.
Affirm Holdings, Inc. (NASDAQ:AFRM) operates a payment network across Canada, the United States, and internationally. The company’s platform includes a consumer-focused app, a point-of-sale payment solution for consumers, and merchant commerce solutions. It offers BNPL loans, payment solutions, and financial services to consumers and merchants. It was incorporated in 2012 and is based in San Francisco, California.
12. Western Digital Corporation (NASDAQ:WDC)
EPS Growth This Year: 81.26%
EPS Growth Next 5 Years: 54.98%
Number of Hedge Fund Holders: 79
Western Digital Corporation (NASDAQ:WDC) is among the Stocks That Will Double in the Next 5 Years.
On April 17, JPMorgan analyst Samik Chatterjee raised the firm’s price target on Western Digital Corporation (NASDAQ:WDC) from $320 to $400, while maintaining an Overweight rating on the shares. The firm noted that the price target adjustment is part of its Q1 preview for the hardware and networking sector.
JPMorgan anticipates strong growth for AI-related suppliers, including Western Digital, due to rising investments in AI infrastructure, including servers, switches, copper interconnects, and optical components. The firm has a positive view on the company amid these trends, contrasting with downgrades for four other names in the group.
In addition, on April 6, Morgan Stanley raised the price target on Western Digital Corporation (NASDAQ:WDC) from $368 to $380, while maintaining a Buy rating on the shares. The firm cited increased HDD demand as one of the key factors behind the bullish sentiment.
Western Digital Corporation (NASDAQ:WDC) is an American company that manufactures hard disk drives and other data storage products.
11. Palantir Technologies Inc. (NASDAQ:PLTR)
EPS Growth This Year: 72.23%
EPS Growth Next 5 Years: 52.01%
Number of Hedge Fund Holders: 89
Palantir Technologies Inc. (NASDAQ:PLTR) is among the Stocks That Will Double in the Next 5 Years.
On April 14, Mizuho analyst Gregg Moskowitz reduced the price target on Palantir Technologies Inc. (NASDAQ:PLTR) from $195 to $185, while maintaining an Outperform rating on the shares. The firm noted that the change in price target is based on the Q1 earnings preview of the large-cap software stocks.
Mizuho’s research shows that the overall demand remains solid, with strong cloud and consumption data points, plus very robust AI adoption. However, the firm finds the cybersecurity demand to be mixed, prompting the recalibration. The firm highlighted Cloudflare, ServiceNow, and Atlassian as top picks ahead of Q1 earnings reports.
Earlier, on April 9, Wedbush had reiterated an Outperform rating on Palantir Technologies Inc. (NASDAQ:PLTR) with a price target of $230. Wedbush noted that the market is concerned about the stock due to recent developments by Anthropic. However, the firm remains bullish and highlighted that the increase in Anthropic’s annual recurring revenue is not at the expense of Palantir’s business. The firm also highlighted that Palantir remains the epicenter of the AI revolution.
Palantir Technologies Inc. (NASDAQ:PLTR) develops software platforms for government and commercial customers focused on data integration, analytics, and operational decision-making.
10. Intel Corporation (NASDAQ:INTC)
EPS Growth This Year: 30.44%
EPS Growth Next 5 Years: 52.56%
Number of Hedge Fund Holders: 96
Intel Corporation (NASDAQ:INTC) is among the Stocks That Will Double in the Next 5 Years.
The Street has a cautious rating on Intel Corporation (NASDAQ:INTC) as 68% of the 50 analysts covering the stock maintain a Hold rating on the stock, and the average 12-month price target also reflects a downside of roughly 27%.
However, recently on April 16, Bernstein raised the firm’s price target on Intel Corporation (NASDAQ:INTC) from $36 to $60, but maintained a Hold rating on the stock. The upgrade reflects a more positive view of Intel’s server‑oriented upcycle and improved profitability, even as Bernstein remains cautious on the PC side of the business.
The firm raised its assumptions for server and data‑center business, expecting Xeon‑related revenue and pricing to hold up better than the broader market consensus. At the same time, the firm has increased its gross margin estimates, driven by better product mix, stronger pricing in higher‑margin segments, and cost discipline. Moreover, the Ireland fab repurchase from Apollo also reduces the level of non‑controlling interest (NCI) in the model, so more of the fab’s future profits flow straight to Intel’s bottom line.
Intel Corporation (NASDAQ:INTC) is an American company that manufactures central processing units (CPUs) and semiconductors.
9. Lumentum Holdings Inc. (NASDAQ:LITE)
EPS Growth This Year: 278.10%
EPS Growth Next 5 Years: 125.44%
Number of Hedge Fund Holders: 97
Lumentum Holdings Inc. (NASDAQ:LITE) is among the Stocks That Will Double in the Next 5 Years. On April 10, the CEO of Lumentum Holdings Inc. (NASDAQ:LITE), Michael Hurlston, told Bloomberg News that they are sold out through 2027 due to increased demand.
He noted that they are unable to keep up with the demand despite adding more capacity, such as a new fab factory in the US and other initiatives in Japan. He noted that the company is adding more capacity in Japan, where the output has been up to the mark. However, despite increased output, the supply is falling short of the demand due to increased pressure from hyperscalers.
As a result of this surging demand, the stock, despite all the geopolitical environment, has gained more than 130% on a year-to-date basis. Moreover, the street also remains bullish on the stock, with 76% of the 25 analysts covering the stock maintaining a Buy rating.
Recently, on April 10, Aletheia Capital raised the price target on Lumentum Holdings Inc. (NASDAQ:LITE) from $500 to $1,225, while maintaining a Buy rating on the shares. The firm noted AI growth and increased demand as key tailwinds for the company’s future performance.
Lumentum Holdings Inc. (NASDAQ:LITE) designs and manufactures innovative optical and photonic products and technologies that power the networks and infrastructure behind AI, cloud computing, and next-generation communications.
8. Shopify Inc. (NASDAQ:SHOP)
EPS Growth This Year: 29.91%
EPS Growth Next 5 Years: 32.90%
Number of Hedge Fund Holders: 101
Shopify Inc. (NASDAQ:SHOP) is among the Stocks That Will Double in the Next 5 Years.
On April 16, CIBC reiterated an Outperform rating on Shopify Inc. (NASDAQ:SHOP) with a price target of $185. The firm noted that they expect the company to post strong results in fiscal Q1 2026 and meet or beat the consensus estimate. The Street is expecting the company to post first-quarter revenue of around $3.09 billion, along with a GAAP EPS of $0.24.
Management provided the Q1 outlook during the latest earnings call. Shopify Inc. (NASDAQ:SHOP) expects revenue growth to be in the low 30% range, along with gross profit dollar growth in the high 20%. Moreover, the operating expense is expected at 37% to 38% of revenue.
CIBC highlighted that this outlook is supported by strong performance in payments and new merchant additions. Moreover, as per the firm’s research web-traffic growth for merchants increased 25% year-over-year in April through April 11, compared to the 20% increase in the first quarter. The firm noted that this trend supports the outlook presented by management and adds upside to the gross merchandising volume.
Shopify Inc. (NASDAQ:SHOP) is a Canada-based global commerce company. It provides the infrastructure businesses use to start, grow, and manage retail operations of any size. Its platform supports commerce across online, in-store, and other channels, aiming to deliver a consistent shopping experience for consumers.
7. AppLovin Corporation (NASDAQ:APP)
EPS Growth This Year: 60.57%
EPS Growth Next 5 Years: 39.04%
Number of Hedge Fund Holders: 108
AppLovin Corporation (NASDAQ:APP) is among the Stocks That Will Double in the Next 5 Years.
On April 13, Joseph Bonner from Argus Research initiated a Buy rating on AppLovin Corporation (NASDAQ:APP) with a price target of $520. The analyst noted that the stock has suffered from the “SaaSamageddon” effect, which was a wave of negative sentiment around SaaS stocks due to fears that AI models could disrupt or replace traditional software services. However, the firm noted that despite the negative sentiment, the fundamentals of AppLovin remain strong, indicating a double-digit revenue growth and expanding profit margins.
Moreover, the analyst noted that the valuation of the stock had risen sharply before the correction. Therefore, the recent sell-off has created a compelling entry point for investors to buy the stock at a cheaper valuation.
Overall, the Street remains bullish on AppLovin Corporation (NASDAQ:APP) with 85% of the 34 analysts covering the stock maintaining a Buy rating. The average 12-month price target on the stock suggests more than 37% upside from the current level.
AppLovin Corporation (NASDAQ:APP) is a software-based advertising and app monetization company. It operates through two segments, Advertising and Apps. The company also develops and publishes free-to-play mobile games through its studios and partners.
6. Vertiv Holdings Co (NYSE:VRT)
EPS Growth This Year: 45.60%
EPS Growth Next 5 Years: 34.42%
Number of Hedge Fund Holders: 112
Vertiv Holdings Co (NYSE:VRT) is among the Stocks That Will Double in the Next 5 Years.
On April 16, Roth Capital raised the firm’s price target on Vertiv Holdings Co (NYSE:VRT) from $275 to $335 and maintained a Buy rating on the shares. The firm noted that they expect the company’s central role in supplying critical power and cooling infrastructure for AI data centers to drive continued order momentum through 2026. Moreover, a strong pipeline of demand, combined with rising adoption of prefab solutions and liquid‑cooling systems, is expected to increase “content per MW.” This essentially means that the company can attach more high‑margin products and services to each megawatt of data‑center capacity, boosting revenue per project.
At the same time, the firm also noted that the margin expansion could be somewhat limited by the costs of scaling up capacity to meet this demand. However, the firm sees Vertiv’s Q1 guidance as conservative, suggesting actual results could exceed expectations if the AI‑related order flow remains strong and execution stays on track.
Vertiv Holdings Co (NYSE:VRT) is a global leader in critical digital infrastructure that specializes in power, cooling, and IT infrastructure solutions and services for data centers, communication networks, and commercial and industrial environments.
While we acknowledge the potential of VRT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than VRT and that has 100x upside potential, check out our report about the cheapest AI stock.
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