2 Stocks That Could Double by 2031
2026-10-13 17:30
•John Ballard •The Motley Fool
••••• •• Axe Cap view
Two Consumer Growth Stocks Worth Watching
Dutch Bros and Coupang offer promising long-term growth despite recent setbacks.
Dutch Bros (BROS) has stumbled in 2026, down 38%, but its fundamentals are intact. Revenue grew 32% this year, and management plans a nearly fivefold shop expansion by 2029. This aggressive growth trajectory supports a credible case for doubling in value by 2031. Coupang (CPNG), meanwhile, took a hit after a data breach, dropping 33%. Yet, customer spending is resilient, and fresh customer intake is ongoing. Its price-to-sales ratio halving from 1.7 to 0.8 suggests undervaluation, especially if revenue growth picks back up. While both don’t have direct JSE counterparts, the key takeaway is the comfort to look through short-term issues in high-growth consumer plays. Caution is warranted though—execution risks and unpredictable market sentiment could delay or derail recovery. this is just our opinion and not financial advice
For South African investors, I’d watch USD/ZAR closely to gauge offshore capital flows that affect these global growth stocks. Domestically, this underscores why holding onto growth themes like Naspers or Prosus, which have exposure to tech and e-commerce, remains sensible. I’d watch these US-based plays rather than buy now, waiting for clearer signals of recovery before jumping in.
- USD/ZAR
- Naspers
- Prosus
- Execution risk for BROS' expansion
- Data security concerns for CPNG
- Volatility in USD/ZAR impacting foreign investment flows
5/10
Dutch Bros and Coupang are two consumer growth stocks that have declined significantly in 2026 but maintain strong long-term potential. Dutch Bros is down 38% despite 32% revenue growth and plans to expand to 2,029 shops by 2029. Coupang fell 33% following a data incident but customers continue spending more, with analysts expecting the stock to recover as revenue growth reaccelerates.
Our take is based on reporting first published by The Motley Fool.