I went looking for shares which could double by 2030. These 3 made my shortlist

Detailed summary

All of these shares are in recovery mode. The post I went looking for shares which could double by 2030. These 3 made my shortlist appeared first on The Motley Fool Australia.

In order to double in value by this time in 2030, four years from now, a company's share price needs to rise by just under 19% a year, every year.

That's a pretty tall order, but I went looking for companies which have the potential to hit that growth rate, and not surprisingly they all have a digital element to them, although one might surprise you.

Unfortunately for WiseTech shareholders the focus for much of the past 18 months has been on governance issues and the personal life of founder and Executive Director Richard White.

The corporate regulator ASIC announced in mid-October it had brought its investigation about alleged trading in WiseTech shares to a close, and had issued no-action letters to Mr White and two other current employees.

The company can now get on with growing its logistics software business, and hopefully the share price along with it.

WiseTech was one of the companies caught up in the fear that AI would decimate the business models of some software companies.

WiseTech argues that its CargoWise software is now integrated into the very business models of its customers, which number more than 20,000 globally, including 24 of the top 25 global freight forwarders.

I'm heartened by the company's strong growth rates, with revenue growing from $778.7 million in FY25 to $1.39 billion in FY26.

While net profit fell 11% to $178.7 million, that was affected by one-off items, and the underlying result was a 29% increase to $313.5 million.

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