3 Growth Stocks That Could Make You Obscenely Rich by 2030

Group 1: Growth Stocks Overview - The stock market offers various methods for wealth growth, with growth stocks being a significant driver of financial success due to their potential for accelerated earnings growth [1][2] - Earnings growth is the primary driver of stock market returns, and as growth companies scale, they achieve higher EPS growth, leading to increased stock prices [1] Group 2: Cybersecurity Sector - Cybersecurity is a key area for growth, with increasing cyber threats and regulatory requirements driving investments in this sector [5] - Palo Alto Networks (PANW) is highlighted as a leading growth stock in cybersecurity, with a competitive advantage demonstrated by its contract with Change Healthcare [4][6] - PANW reported a 15% year-over-year revenue growth to $2 billion in Q3 of fiscal year 2024, with remaining performance obligations growing 23% to $11.3 billion [7] Group 3: e.l.f. Beauty Performance - e.l.f. Beauty (ELF) is recognized as a top growth stock, with a remarkable 77% revenue increase for the full fiscal year 2024, following an 18% stock surge after a strong quarterly performance [11][12] - The company has increased its market share for five consecutive years, with Q4 of fiscal year 2024 marking the 21st consecutive quarter of revenue growth [12] - For 2025, e.l.f. Beauty projects revenues between $1.23 to $1.25 billion, indicating a growth rate of 20-22% [13] Group 4: Snowflake's Growth Potential - Snowflake (SNOW) is positioned for growth through its data cloud and AI integrations, achieving a 34% year-over-year growth in the recent quarter [16] - The company is investing in AI products, with Cortex AI already in use by 750 enterprise customers, and plans to release additional AI products later this year [18] - Snowflake's development of its own large language model, Artic, which outperformed leading models in benchmark tests, positions it as a top enterprise AI data platform [19]