1 Stock That Increased 10,000% in 33 Years to Buy and Hold Forever
Investing in equity markets is a reliable, wealth-growing strategy. In the past 33 years, the S 500's average annual return is about 10.6%. It's hard to find a return much better than that elsewhere.
Some individual stocks have performed even better, though. Take Vertex Pharmaceuticals (NASDAQ: VRTX), a leading biotech company whose average annual return since its 1991 initial public offering (IPO) is 15.1%. The drugmaker has grown by 10,310%.
It is an impressive performance, but Vertex still has plenty of growth ahead of it, and the stock looks like a solid buy-and-hold-forever pick. Here is why.
Source Fool.com
Vertex Pharmaceuticals Inc. Stock
€428.15
1.280%
The stock is one of the favorites of our community with 59 Buy predictions and 2 Sell predictions.
With a target price of 450 € there is a slightly positive potential of 5.1% for Vertex Pharmaceuticals Inc. compared to the current price of 428.15 €.
