Amazon and On Holding Could Double by 2030 Amid Ongoing Growth
Amazon and On Holding are two stocks that could potentially double in value by 2030. According to analysts, Amazon's Prime-powered retail and booming cloud business will continue to drive revenue growth and rising margins. The company's massive base of Prime members supports repeat purchases and steady subscription revenue.
The second quarter of 2026 saw trailing 12-month revenue climb 16% year over year to $775 billion. E-commerce sales increased 15% year over year, while Amazon Web Services (AWS) experienced a 37% year-over-year growth in cloud revenue. AWS is now at an annualized revenue run rate of $169 billion and delivers a significant share of the company's profits.
On Holding, on the other hand, appears to be building a premium brand around its popular Cloud running shoes. Despite being down 51% from its all-time high, the stock offers investors a chance to buy into a fast-growing business at a lower price. Revenue has tripled on a trailing 12-month basis since 2022, with new flagship stores in Europe performing well.