2 Stocks That Could Double by 2030
2026-07-19 09:12
•Jennifer Saibil •The Motley Fool
•••••••• •• Axe Capital view
Two High-Growth Stocks to Watch Even from Afar
MercadoLibre and Dutch Bros offer compelling growth stories, but their direct SA links are thin.
MercadoLibre (MELI) is a dominant e-commerce and fintech player in Latin America, expanding fast with 49% revenue growth year-over-year and a digital banking push in Mexico. It’s trading 30% below recent highs, which could be an entry point. While not listed on the JSE, MELI’s story is worth watching in the context of the rand’s volatility against the dollar. A strengthening rand versus the USD may weigh on returns for local investors in US-listed growth stocks. Dutch Bros (BROS) focuses on rapid store expansion in the US coffee market, targeting a doubling of locations by 2029 and 31% annual revenue growth. This aggressive growth strategy is attractive but exposed to US consumer trends rather than South African fundamentals. If local inflation eases and interest rate concerns recede, the rand might stabilize, making these plays less risky for South African investors. If the rand weakens materially or local equity valuations improve, it may be better to avoid these foreign growth stories for now. this is just my opinion and not financial advice
Wait on these US and Latin American growth names until the rand stabilizes; better to focus on domestic banks like Standard Bank or FirstRand for yield and steady growth. Consider trimming US-listed exposure if rand weakness worsens.
- USD/ZAR
- Standard Bank
- Rand weakness hurting USD-based returns
- Slower global growth impacting revenue targets
5/10
The article highlights MercadoLibre and Dutch Bros as two non-AI growth stocks with potential to double by 2030. MercadoLibre, a Latin American e-commerce and fintech leader, is growing at 49% year-over-year with plans to launch a digital bank in Mexico. Dutch Bros, a coffee chain, plans to nearly double its store count from 1,177 to 2,029 shops by 2029 with 31% year-over-year revenue growth.
This article was originally published by The Motley Fool and has been adapted here for Axe Capital Trading News.
Publisher: The Motley Fool
Author: Jennifer Saibil
Categories: Equities, Earnings, Technology, AI, Semiconductors, Financials, Consumer, Retail
Tickers: MELI, BROS
Sentiment: Positive - Strong 49% year-over-year revenue growth, trading 30% below recent highs despite excellent performance, expanding into new markets with digital banking launch in Mexico, and potential to quadruple if maintaining 40% CAGR over four years. 31% year-over-year revenue growth, aggressive expansion plan to nearly double store count from 1,177 to 2,029 by 2029, potential for revenue doubling with 25% CAGR, and ability to maintain high valuation multiples if growth targets are achieved.
Keywords: growth stocks, e-commerce, fintech, coffee chain, expansion, revenue growth, Latin America, digital banking
Insights:
- MELI: Positive: Strong 49% year-over-year revenue growth, trading 30% below recent highs despite excellent performance, expanding into new markets with digital banking launch in Mexico, and potential to quadruple if maintaining 40% CAGR over four years.
- BROS: Positive: 31% year-over-year revenue growth, aggressive expansion plan to nearly double store count from 1,177 to 2,029 by 2029, potential for revenue doubling with 25% CAGR, and ability to maintain high valuation multiples if growth targets are achieved.