The CEO of Ark Invest, one of the largest crypto investors in the market, is making the headlines about 5 investment opportunities with a return of more than 700%. There is only one crypto representative on the list of technology stocks.
Cathie Wood made the headlines with these tech stocks
Zoom
American investment management firm Ark Invest believes Zoom shares could triple or more in its user base. This exponential revenue growth will result in better profit margins for the company. It will also result in life-changing returns for its investors. Wood expects the unit price of Zoom stock to reach $1,500 by 2026.
Roku (ROKU)
Secondly, Roku is a series of digital media players. Estimates are that active accounts on Roku will triple or more in the next three to four years. Thus, its users will post more video content than it currently does. This highly interactive and large user base allows the platform to charge higher ad rates. This results in a huge revenue increase. Like Zoom, Ark Invest believes this revenue increase will help Roku’s profit margins. As a price target, they set $605 per share through 2026.
Tesla (TSLA)
Ark Invest expects Tesla’s annual revenue from electric vehicle sales to be much (10 times) greater than in 2021 by 2026. It currently earns over $100 billion through its ridesharing network alone. The company’s Tesla price target: $4,600 per share by 2026.
Block (SQ)
Overall, Ark Invest is currently seeing an incredible trend start. People are abandoning traditional banks in favor of fintech solutions like Block. The investment firm believes that one of the biggest drivers for Block’s business in the next few years will be Block’s Cash App. It not only predicts impressive growth in active Cash App users. It also predicts that Block will monetize users at a better rate. While Ark Invest sees additional benefit in Square and the crypto ecosystems, it will be the primary driver of shareholder returns. Block price target: $500 per share by 2025.
Cryptocurrency representative of the list: Bitcoin (BTC)
Compared to asset classes such as real estate, gold, and bonds, Bitcoin’s market cap is quite small. But Wood believes many catalysts will change that, including the following. First; More and more people will use Bitcoin to store value. Soon, countries will start to keep some of Bitcoin in their treasuries. Then, big companies will add Bitcoin to their balance sheets. With all this, ordinary people will use it more and more as money. As for the price forecast, Ark Invest’s expectations from Bitcoin were staggering. The company predicts that all this demand will push the price of Bitcoin to reach $1 million. cryptocoin.comAs you follow, Bitcoin is trading at $ 17,200, quite far from this level.
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