Alphabet’s Google and Meta Platforms are two growth stocks with the potential to double in value in the next five years.

These companies serve billions of users across their services every day.

These stocks offer a nice combination of growth and value.

10 stocks we like better than Alphabet ›

Earning above-average returns in the stock market is not that difficult. The S&P 500’s historical annualized return is about 10%. Investing in financially strong companies with superior prospects can help you achieve much better results. Some of the most prominent tech companies have a long record of delivering market-beating returns, and these stocks still offer solid value relative to their growth prospects.

If you have $500 you don’t need for living expenses and can commit to a long-term investment strategy, here are two top growth stocks that can double your money by 2030.

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Google is one of the most valuable brands in the world. Its parent company, Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), has delivered exceptional returns to investors over the last few decades, and it is well positioned to keep that winning streak going. It just recently hit $100 billion in quarterly revenue for the first time – double its 2020 quarterly revenue.

Alphabet is one of the “Magnificent Seven” – an elite group of tech powerhouses that consistently deliver profitable growth and exceptional returns to investors. This is a highly profitable business from selling ads on Search and YouTube. Its Google Cloud business is also growing, where it has $155 billion in order backlog from other companies needing access to cloud computing services.

Google is increasingly relying on its investments in artificial intelligence (AI) to make its services smarter and more helpful. This ensures it maintains a lock on its massive user base. Seven of its products, including Search and YouTube, have billions of users. Over 300 million users are paying regular subscription fees for services like YouTube Premium and Google One, which provides access to premium AI features powered by Gemini. This indicates a strong competitive moat for Google.

In the third quarter, the company’s total revenue across all these services grew 16% year over year. The company’s profits continue to outperform analysts’ expectations. Adjusted earnings per share grew 35% year over year in the quarter. The consistent outperformance in earnings suggests that Alphabet could also outperform Wall Street’s expectations for 16% annualized earnings growth in the coming years.

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