On January 27, Sherry Paul, Morgan Stanley senior portfolio manager, joined CNBC’s ‘Closing Bell’ to discuss the state of equity markets and whether more volatility is ahead. Pre-Davos market was characterized by overwhelming bullish sentiment, and the post-Davos environment is marked by renewed volatility, the Sell-America trade, a rallying gold price, and a consistently weak dollar. Paul noted a critical shift in global discourse coming out of Davos: the transition from the term de-globalization to the new world order. She explained that while de-globalization implied a more passive conscious uncoupling, the phrase new world order carries a harsher tone of urgency. This shift necessitates an immediate re-imagining of supply chains, partnerships, and the advancement of domestic AI and automated manufacturing in the US, especially given the lower dollar.
Paul asserts that while more volatility is undoubtedly ahead as these changes unfold, it should be viewed as a sign of an emergent rather than a negative market. She described this emergence as a move away from the MAG7 toward ‘magnificent thematics.’ These themes include the new world order, AI automation, innovation, and longevity. By following these thematics, investors can identify specific sector weightings to overweight rather than simply moving their holdings to cash. Regarding her 2026 investment thesis, Paul recommends leaning into the other 473 companies of the S&P 500 rather than concentrating on the mega-caps. Her central argument is that every company is now effectively a tech company. The race for productivity, cost-cutting, and advancement is moving so rapidly that modeling these technological applications is essential for survival.
That being said, we’re here with a list of the 15 stocks that should double by 2030.
Our Methodology
We sifted through several financial media reports and stock screeners to compile a list of the top stocks that will double in 2030. We then picked 15 stocks that analysts and hedge funds are still bullish on. The stocks are ranked in ascending order of the number of hedge funds that have stakes in them, as of Q3 2025.
Note: All data was sourced on February 4.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
15 Stocks That Should Double by 2030
15. CRISPR Therapeutics (NASDAQ:CRSP)
Number of Hedge Fund Holders: 21
CRISPR Therapeutics (NASDAQ:CRSP) is one of the stocks that should double by 2030. On January 30, Citizens maintained an Outperform rating on CRISPR Therapeutics while reducing the price target from $86 to $80. The firm highlighted that much of the pipeline remains undervalued and noted that the company could begin late-stage development for up to seven opportunities in 2027.
Earlier on January 6, Bank of America analyst Alec Stranahan reduced the firm’s price target for CRISPR Therapeutics (NASDAQ:CRSP) to $90 from $93 while maintaining a Buy rating. This sentiment was posted as the firm adjusted price targets across its US Biopharmaceuticals coverage.
BofA specifically noted that recently, various factors have aligned, such as rewards for positive data, large-cap biopharma investing in M&A & licensing, an increasing private company backlog, better capital access, and minimal drug price regulation effects. The firm suggested that biotech has returned, though the primary uncertainty remains the trend’s longevity.
CRISPR Therapeutics (NASDAQ:CRSP) is a gene editing company that develops gene-based medicines for serious human diseases using its Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR)/CRISPR-associated protein 9 (Cas9) platform.
14. Summit Therapeutics Inc. (NASDAQ:SMMT)
Number of Hedge Fund Holders: 27
Summit Therapeutics Inc. (NASDAQ:SMMT) is one of the stocks that should double by 2030. On January 29, Summit Therapeutics announced that the US FDA accepted its BLA (Biologics License Application) for ivonescimab used in combination with chemotherapy. The treatment targets patients with EGFR-mutated, locally advanced or metastatic non-squamous NSCLC (non-small cell lung cancer) who have progressed after TKI therapy. The FDA established a PDUFA goal action date of November 14 this year, for its regulatory decision.
The submission is supported by data from the Phase III HARMONi global study, which compared the ivonescimab combination against a placebo and chemotherapy regimen. Ivonescimab is a bispecific antibody designed to simultaneously block PD-1 and VEGF, potentially offering higher efficacy by targeting the tumor microenvironment more precisely than previous therapies.
This specific patient population represents a significant unmet need, with 14,000+ individuals in the US eligible for treatment annually. While currently approved in China, ivonescimab remains an investigational therapy in Summit’s licensed territories, including North America and Europe.
Summit Therapeutics Inc. (NASDAQ:SMMT) is a biopharmaceutical company that discovers, develops, and commercializes patient, physician, caregiver, and society-friendly medicinal therapies.
13. Boot Barn Holdings Inc. (NYSE:BOOT)
Number of Hedge Fund Holders: 40
Boot Barn Holdings Inc. (NYSE:BOOT) is one of the stocks that should double by 2030. On January 16, Piper Sandler increased its price target for Boot Barn to $229 from $220 with an Overweight rating. The firm highlighted that the company exhibits some of the strongest fundamentals in its sector, leading to EPS growth exceeding 20%. The firm noted that Boot Barn is navigating difficult year-over-year comparisons and possesses several compelling drivers for both revenue and gross margin expansion.
These factors contribute to the company’s robust performance despite a challenging retail environment. Overall, Piper Sandler believes that Boot Barn is well-situated to benefit from the Country Lifestyle customer segment, gaining mainstream popularity.
On the same day, Citi increased the firm’s price target for Boot Barn Holdings Inc. (NYSE:BOOT) to $230 from $225 while keeping a Buy rating. The firm considers the shares attractive after the decline following the FQ3 preannouncement. Following management discussions, Citi believes that Boot Barn is experiencing denim strength and a recovery in work boots.
Boot Barn Holdings Inc. (NYSE:BOOT) operates specialty retail stores in the US and internationally. The company’s lifestyle retail chain sells western & work-related footwear, apparel, and accessories.
12. Lululemon Athletica Inc. (NASDAQ:LULU)
Number of Hedge Fund Holders: 42
Lululemon Athletica Inc. (NASDAQ:LULU) is one of the stocks that should double by 2030. On January 20, JPMorgan raised the price target on Lululemon to $209 from $203 and maintained a Neutral rating. After having hosted a meeting with the company’s VP of Investor Relations at the ICR Conference, the firm raised its Q4 2025 EPS estimate and is modeling FY 2026 EPS of $12.33, compared to Wall Street at $12.65.
Earlier on January 8, Deutsche Bank restarted coverage of Lululemon Athletica Inc. (NASDAQ:LULU) with a Hold rating and a $228 price target. This decision was made as the firm resumed coverage across global brands, off-price, and specialty beauty retail.
After a surprisingly strong year for the sector, Deutsche began 2026 optimistically and expects a volatile but broadly risk-on macro environment. The firm anticipates solid revenue trends, especially during the first half of the year, aided by easier weather comparisons and increased tax refunds.
Lululemon Athletica Inc. (NASDAQ:LULU), together with its subsidiaries, designs, distributes, and retails technical athletic apparel, footwear, and accessories for women and men under the lululemon brand internationally.
11. Dutch Bros Inc. (NYSE:BROS)
Number of Hedge Fund Holders: 46
Dutch Bros Inc. (NYSE:BROS) is one of the stocks that should double by 2030. On January 20, Morgan Stanley lowered the firm’s price target on Dutch Bros to $82 from $84 while keeping an Overweight rating. This decision was made as part of the firm’s 2026 outlook note on its restaurants and foodservice distributors coverage.
On January 14, TD Cowen approved of Dutch Bros’ acquisition of Clutch Coffee. The transaction allowed Dutch Bros to increase its Southeast presence and speed up regional expansion. The firm noted that as drive-thru coffee shops expand across the US, planting the first flag in the market is becoming increasingly important. TD Cowen maintained a Buy rating on Dutch Bros with a $73 price target.
Furthermore, on January 7, Barclays increased the price target for Dutch Bros Inc. (NYSE:BROS) to $76 from $72 with an Overweight rating. The firm modified targets within the restaurant group for its 2026 outlook. Sales difficulties continue for the industry. Barclays anticipates that quick service will recover market share from fast casual and casual dining, while remaining positive on foodservice distribution.
Dutch Bros Inc. (NYSE:BROS), together with its subsidiaries, operates and franchises drive-thru shops in the US. It operates through Company-Operated Shops, Franchising, and Other segments.
10. Dell Technologies Inc. (NYSE:DELL)
Number of Hedge Fund Holders: 51
Dell Technologies Inc. (NYSE:DELL) is one of the stocks that should double by 2030. On January 20, Morgan Stanley analyst Erik Woodring lowered the firm’s price target on Dell Technologies to $111 from $113 while maintaining an Underweight rating. This adjustment followed a chief investment officer survey revealing the slowest hardware budget growth in 15 years.
This slow growth prompted the firm to adopt a more defensive stance despite AI tailwinds. Citing a perfect storm of cautionary factors and anticipated demand elasticity due to inflation, Morgan Stanley downgraded its overall sector view to Cautious.
On the same day, Citi analyst Asiya Merchant decreased the firm’s price target for Dell Technologies Inc. (NYSE:DELL) to $165 from $175 while keeping a Buy rating. The firm modified targets within the technology hardware sector for its 2026 outlook. Citi contends that hyperscaler data center investment remains robust and fuels demand for power, storage, connectors, and fiber.
Dell Technologies Inc. (NYSE:DELL) designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services internationally. The company has two segments: Infrastructure Solutions Group and Client Solutions Group.
9. On Holding (NYSE:ONON)
Number of Hedge Fund Holders: 52
On Holding (NYSE:ONON) is one of the stocks that should double by 2030. On January 9, Williams Trading downgraded On Holding to Hold from Buy with a price target of $47, which was brought down from $55. This sentiment was announced as the firm believed that the company’s recent product segmentation decisions were doing more harm than good.
On Holdings’ wholesale order growth in the Americas will decelerate in FY2026, and its wholesale order growth in Europe will slow for the foreseeable future. Williams Trading added that the company’s increased direct-to-consumer costs are likely to result in EBIT margin pressure over time.
In Q3 2025, the quarter was highlighted by the rapid scaling of the apparel category, which surpassed 1 million units sold for the first time and saw sales jump 86.9% to CHF50.1 million. Footwear remains the core driver, increasing 21.1% to reach CHF731.3 million. Based on these results, On Holding (NYSE:ONON) raised its full-year 2025 constant currency sales growth guidance to 34%, which was brought up from the previous forecast of at least 31%.
On Holding (NYSE:ONON) develops and distributes sports products worldwide. The company offers athletic footwear, apparel, and accessories for high-performance running, outdoor, training, all-day activities, and tennis.
8. CrowdStrike Holdings Inc. (NASDAQ:CRWD)
Number of Hedge Fund Holders: 66
CrowdStrike Holdings Inc. (NASDAQ:CRWD) is one of the stocks that should double by 2030. On January 9, CrowdStrike announced a $740 million deal to acquire identity security startup SGNL to strengthen its cybersecurity portfolio against AI-powered threats. The acquisition focuses on SGNL’s continuous identity technology, which performs real-time evaluations to prevent hackers from exploiting user identities.
This strategy addresses the growing risk associated with autonomous AI agents and machine identities. The deal will integrate SGNL’s platform into the CrowdStrike Falcon ecosystem, expanding its existing identity business, which has already reached over $435 million in annual recurring revenue. SGNL’s technology provides an identity fabric that manages access for human, machine, and AI identities across cloud and enterprise systems.
This integration aims to replace static access models with dynamic, context-aware authorization that can grant or revoke privileges the moment threat conditions change. SGNL’s team is expected to join CrowdStrike Holdings Inc. (NASDAQ:CRWD) without planned layoffs following the transaction’s expected close in FQ1 2027. This investment follows CrowdStrike’s broader 2026 strategy to use autonomous AI agents within its security operations center to reduce the time required for complex security tasks from days to hours.
CrowdStrike Holdings Inc. (NASDAQ:CRWD) provides cybersecurity solutions in the US and internationally. Its unified platform provides cloud-delivered protection of endpoints, cloud workloads, identity, and data through a SaaS subscription-based model.
7. Comfort Systems USA Inc. (NYSE:FIX)
Number of Hedge Fund Holders: 67
Comfort Systems USA Inc. (NYSE:FIX) is one of the stocks that should double by 2030. On January 26, Stifel raised the price target on Comfort Systems USA to $1,196 from $1,155 and maintained a Buy rating. The firm sees opportunity for its electrical and mechanical contractor coverage to outperform consensus expectations in Q4 2025 and noted that its survey work found that overall activity improved sequentially and was ahead of expectations.
Earlier in Q3 2025, Comfort Systems USA Inc. (NYSE:FIX) reported that its EPS doubled year-over-year to $8.25 and revenue rose 35% to $2.5 billion. This was supported by a 33% increase in same-store revenue and a record backlog of $9.4 billion, representing a 65%. The company reported a gross profit of $608 million with a margin of 24.8%, while operating income grew by 86% to $379 million.
The mechanical and electrical segments both saw significant profitability gains, and the company expanded its industrial and healthcare capabilities through the acquisition of two firms expected to contribute over $200 million in annual revenue. The company also addressed workforce expansion and noted that the 15% headcount growth since late 2024 was primarily organic and supported by internal apprenticeship programs.
Comfort Systems USA Inc. (NYSE:FIX), together with its subsidiaries, provides installation, renovation, maintenance, repair, and replacement services for the mechanical & electrical services industry in the US. It has two segments: Mechanical and Electrical.
6. Take-Two Interactive Software Inc. (NASDAQ:TTWO)
Number of Hedge Fund Holders: 75
Take-Two Interactive Software Inc. (NASDAQ:TTWO) is one of the stocks that should double by 2030. On February 4, Wells Fargo raised the firm’s price target on Take-Two to $301 from $288 while maintaining an Overweight rating. This sentiment was announced as the firm stated that, as expected, Q3 2025 bookings and EBITDA outperformed meaningfully.
Contrary to investor fears heading into the print, management sounded constructive on hitting the November 19, 2026, release date for Grand Theft Auto VI. The firm noted that the clean print and confident tone from leadership should help dispel AI concerns surrounding the company.
On the same day, BMO Capital increased its price target for Take-Two Interactive Software Inc. (NASDAQ:TTWO) to $280 from $275 with an Outperform rating. The firm noted that the company’s Q3 strength was comprehensive, highlighting effective execution in mobile, NBA 2K, and the rest of its portfolio. While shares have faced pressure due to potential AI threats, the firm suggested that Take-Two and other major gaming platforms are ideally situated to implement AI tech at scale within the industry.
Take-Two Interactive Software Inc. (NASDAQ:TTWO) develops, publishes, and markets interactive entertainment solutions for consumers. It develops and publishes action products under the GTA, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.
5. American Express Company (NYSE:AXP)
Number of Hedge Fund Holders: 75
American Express Company (NYSE:AXP) is one of the stocks that should double by 2030. On February 2, Truist lowered the price target on American Express to $400 from $420 and maintained a Buy rating. The firm is updating its model following the company’s Q4 2025 results.
Furthermore, JPMorgan reduced the firm’s price target for American Express to $375 from $385 while maintaining a Neutral rating. This adjustment followed an update to the company’s financial model after the release of its Q4 2025 report.
In its full-year 2025 earnings report, American Express Company (NYSE:AXP) recorded revenues of $72 billion, which was a 10% increase year-over-year, and EPS of $15.38. This was fueled by an 18% rise in net card fees, which reached a record $10 billion, and robust spending across various categories, including a 15% jump in luxury retail and a 12% increase in international spending. Millennial and Gen Z customers now represent the largest share of US consumer spending for the company.
American Express Company (NYSE:AXP), together with its subsidiaries, operates as an integrated payments company internationally. It has four segments: US Consumer Services, Commercial Services, International Card Services, and Global Merchant & Network Services.
4. Cameco Corporation (NYSE:CCJ)
Number of Hedge Fund Holders: 79
Cameco Corporation (NYSE:CCJ) is one of the stocks that should double by 2030. On January 7, Bernstein raised the price target on Cameco to $101 from $100 and kept an Outperform rating. The firm cited a higher uranium price deck for the price target change.
In Q3 2025, Cameco Corporation (NYSE:CCJ) reported increased momentum in the nuclear energy sector. The company highlighted a landmark agreement with the US government to purchase Westinghouse reactors, a move expected to establish Westinghouse as a global technology leader and stimulate the nuclear supply chain.
However, the company faced operational hurdles, including development delays at its MacArthur River and Key Lake sites, which led to a reduced production forecast for 2025. Cameco now expects its share of uranium production to reach up to 20 million pounds for the year. Additionally, overall sales volumes for uranium and fuel services were lower, even as average realized prices improved. Management also noted uncertainties regarding the timing of the US government’s $80 billion investment in Westinghouse and a cautious long-term contracting environment where some utilities remain hesitant due to perceived market oversupply.
Cameco Corporation (NYSE:CCJ) provides uranium for the generation of electricity. It has three segments: Uranium, Fuel Services, and Westinghouse.
3. Palantir Technologies Inc. (NASDAQ:PLTR)
Number of Hedge Fund Holders: 81
Palantir Technologies Inc. (NASDAQ:PLTR) is one of the stocks that should double by 2030. On February 3, HSBC analyst Stephen Bersey upgraded Palantir to Buy from Hold with a $205 price target, which was brought up from $197.
However, on the same day, DA Davidson reduced its price target for Palantir Technologies Inc. (NASDAQ:PLTR) to $180 from $215 while maintaining a Neutral rating. The firm informed investors that the company achieved an exceptional conclusion to 2025, with revenue growth accelerating due to persistent US demand for AI solutions.
Palantir is viewed as well-positioned to lead enterprise AI adoption through continuous platform innovation. However, the firm noted that following an after-hours stock price increase, Palantir trades at ~93 times its projected 2026 revenue, representing an unprecedented premium compared to its peers.
Palantir Technologies Inc. (NASDAQ:PLTR) builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the US, the UK, and internationally.
2. Spotify Technology (NYSE:SPOT)
Number of Hedge Fund Holders: 116
Spotify Technology (NYSE:SPOT) is one of the stocks that should double by 2030. On January 30, Citi upgraded Spotify to Buy from Neutral with an unchanged price target of $650. The stock’s valuation is now attractive, and consensus estimates are beatable. Citi sees catalysts for Spotify shares due to price increases and accelerating buybacks.
On January 27, MoffettNathanson began coverage of Spotify with a Neutral rating and a $487 price target. The firm noted that 15 years after the rise of music streaming, developed markets have reached significant saturation, signaling that the era of rapid subscriber growth is ending. Consequently, the firm believes the next phase of the company’s development will focus primarily on pricing. The firm further suggested that there is a substantial opportunity for price increases within the current market landscape.
Additionally, on January 20, Barclays reduced the firm’s price target for Spotify to $625 from $700 and kept an Overweight rating. The firm noted that although tactical issues are currently impacting both Disney and Spotify, it anticipates that both companies will be long-term winners as the media industry undergoes significant transformations.
Spotify Technology (NYSE:SPOT), together with its subsidiaries, provides audio streaming subscription services worldwide. It has two segments: Premium and Ad-Supported.
1. Uber Technologies Inc. (NYSE:UBER)
Number of Hedge Fund Holders: 143
Uber Technologies Inc. (NYSE:UBER) is one of the stocks that should double by 2030. On February 2, UBS lowered the firm’s price target on Uber to $111 from $122 while maintaining a Buy rating.
Earlier on January 30, Bank of America Securities lowered Uber’s price target to $93 from $96 while maintaining a Buy rating. The firm identified ongoing uncertainty regarding autonomous vehicles as a short-term pressure on the company’s valuation. However, BofA noted that consistent revenue growth, improved 2025 margins, and a more predictable autonomous vehicle landscape should eventually drive valuation growth.
Earlier on January 6, BofA Securities maintained its Buy rating on Uber Technologies Inc. (NYSE:UBER) with a $119 price target, emphasizing the company’s advantage in the AV market. The firm highlighted Uber’s collaboration with Nvidia as a vital partnership that could accelerate the implementation of Level 4 autonomous tech. BofA suggested that if multiple manufacturers develop Level 4 vehicles, Uber would benefit from increased opportunities to integrate these cars into its network, while also allowing private AV owners to generate income through the Uber platform.
Uber Technologies Inc. (NYSE:UBER) develops and operates proprietary technology applications in the US, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It has three segments: Mobility, Delivery, and Freight.
While we acknowledge the potential of UBER 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 UBER and that has 100x upside potential, check out our report about this cheapest AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.
