multibagger
/ˈmʌltiˌbæɡər/
Definition
A stock that increases in value by several multiples of its original purchase price, often yielding returns of 100% or more.
Etymology
The term was popularized by legendary investor Peter Lynch in his book 'One Up on Wall Street,' where he used baseball terminology to describe a stock that hits multiple bases—a double, triple, or home run—relative to its cost. It combines the prefix 'multi-' (many) with 'bagger,' a colloquialism for a hit or a gain in a baseball game.
In the news
The article uses the term to describe Micron’s significant stock price growth of 687% over the past year. It highlights that even after these substantial gains, the stock remains attractively priced for future investors.
Micron Technology: AI Memory Demand Is Still in the Early Innings (NASDAQ: MU)
Read the full article ↗The Motley Fool