A good investment will double for you in the next five years. What about a great investment? Rounding up a couple of names that can turn $1,000 into $5,000 in five years isn’t easy. You have to take some risks. A spunky survivor of the home-flipping space? An out-of-favor mass market retailer that has missed the mark? The leader of a travel niche that has yet to materially catch on with the mainstream?

Opendoor Technologies (OPEN 69.71%), Target (TGT 0.84%), and Royal Caribbean (RCL 3.11%) are three stocks that I think can become five-baggers between now and 2030. You might be curious, so I won’t waste your time. Let’s dive right in.

1. Opendoor Technologies

Putting one of this year’s hottest stocks on this list seems like a recipe for disaster. Opendoor is also a meme stock, a nascent niche that has produced speculative jumps in the near term only to fall back to earth when the viral boards get bored. However, the catalysts for Opendoor to keep climbing are pretty clear right now. Come on in to the Opendoor open house.

Opendoor is a pioneer in the iBuying market. It buys residential properties that its tools suggest are underpriced. It then touches them up a bit, puts them up for sale, and ideally makes enough on the sale to cover the purchase, reno work, and holding costs. It’s not a bad place to be when home prices are moving and demand is strong. Unfortunately, that hasn’t been the case lately.

Image source: Getty Images.

Shares of Opendoor turned $1,000 into $5,000 in a single year already. This happened in 2023, when investor enthusiasm for a residential real estate recovery was percolating. Things didn’t pan out, and the stock would go on to shed nearly two-thirds of its value last year. It’s off to a hot start in 2025, but that is mostly because it’s part of the latest wave of meme stocks being talked up in speculative online circles.

What if this isn’t just a flash in the pan? All indications suggest that the Federal Reserve will start lowering rates this month, with at least two more smaller cuts to come before the end of this year. Opendoor is a high-beta stock built for this kind of shift in fundamentals. The two things holding back the business right now are homeowners who are reluctant to put their properties locked into low mortgage rates on the market and potential homebuyers looking for lower rates to feel comfortable making a long-term, big-ticket purchase.

The past isn’t pretty, with trailing revenue since 2022 down about as much as Opendoor stock was last year. The valuation also isn’t pretty, but things will change with this scalable model if business starts surging again the way it did a couple of years ago. In the meantime, Opendoor can be confident that the two leading online portals for residential real estate — that entered the niche before pulling up a bloodied white flag — aren’t going to dive in even if the climate seems inviting. They tried. They failed. They’re not going to put their shareholders through that. In other words, Opendoor will be the lone publicly traded business tackling a real estate niche that is about to become viable again.

2. Target

Some kings lose their crowns, and that seems to be case for Target. It was cheap chic retail royalty for a long time. Then it messed things up. It had an unfortunate hack into client accounts. It made some controversial moves that somehow angered both side of the political community. Today’s Target is losing market share, but it still has a crown.

When Target boosted its quarterly payouts to shareholders this summer — extending the streak of annual hikes to 54 years — it was able to retain its Dividend King status. The payout remains safe, at least in the near term. Despite posting negative net sales growth for third consecutive fiscal year, the chain’s guidance calls for a profit between $7 and $9 a share this year. Its forward payout ratio is 51% to 65% that profit outlook.

It’s true that comps remain problematically negative, and after years of being the cool discounter it’s now yielding market share. However, with a turnaround plan in place and a juicy 5% yield to reward patient investors, why can’t Target be a five-bagger come 2030? It trades at a low earnings multiple on depressed earnings, currently 10 to 13 times its guidance for this fiscal year’s earnings. When things start clicking again it’s easy to see strong comps and margin expansion turning this market laggard into a leader.

3. Royal Caribbean

If you channel surf through streaming services, you’re going to run across some documentaries about things that didn’t go well on cruise ships. This is unfortunate timing for an industry that has battled back from the longest COVID-19 shutdown among travel segments. The growth story is kinder than the sometimes horrific mishaps at sea.

Royal Caribbean isn’t the largest cruise line by revenue, passengers, or fleet, but it’s the most valuable. Royal Caribbean has earned the market’s attention with a business that has historically grown faster with strong margins and customer loyalty than its rivals. It was the best investment in this space before the pandemic stoppage. It’s only natural for it to be leading the way as the first player to become profitable and reinitiate dividends.

Strong results and record future bookings find Royal Caribbean perpetually raising its guidance. The midpoint of its guidance at the beginning of this year was for a profit of $14.50 a share. Now that midpoint is at $15.48. Royal Caribbean is trading at a reasonable 22 times this year’s earnings midpoint. That’s a bargain, and this is knowing that Royal Caribbean has a long streak of “beat and raise” reports that should continue to nudge the next quarterly report higher and higher.