Got $2,000? 2 Top Growth Stocks to Buy That Could Double Your Money.

<p>When it comes to investing, small investors may only have an amount of around $2,000 to either start a portfolio or add to their holdings. While that may not sound like a lot of money, some investors have built fortunes on less, and certainly, a comparatively modest goal like doubling your money is well within reach.</p>
<p>Admittedly, events or actions that you cannot anticipate may derail an investment thesis. Nonetheless, barring such an event, these two <a href="https://www.fool.com/investing/stock-market/market-sectors/consumer-discretionary/retail-stocks/?utm_source=yahoo-host-full&amp;utm_medium=feed&amp;utm_campaign=article&amp;referring_guid=dbb551b6-556e-4d8c-8a97-eeed727d4ac5">retail stocks</a> are in a position to double in value.</p>
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<h2>Chewy</h2>
<p>Although it performed well in the early part of the decade, many investors may have forgotten about Chewy (NYSE: CHWY) stock. During the pandemic, the online pet retailer surged in popularity as locked-down consumers shopped at home, and customers responded well to its low prices and focus on customer service.</p>
<p>Unfortunately, investors turned on Chewy when more customers returned to offline shopping, and the stock became an afterthought. The stock has traded in a range since the middle of 2022, and it is down by almost 80% from its pandemic highs.</p>
<p>However, investors who watched more closely saw that its sales did not stop growing just because the pandemic ended. Chewy seems to have taken a page from retailers like Amazon and added new promotions and business lines.</p>
<p>Similar to Amazon Prime, Chewy Plus offers free shipping with no minimums, 5% rewards on every order, and other exclusive offers for an annual fee. Also, Chewy has branched out into pharmaceuticals for pets, and it now offers telehealth services for pets.</p>
<p>Amid its offerings, analysts forecast 6% revenue growth for fiscal 2025. They expect that to rise to 8% in the next fiscal year, implying that its new business initiatives will affect its financials positively.</p>
<p>Improving valuations could bring its stock the catalyst it finally needs to begin the recovery. For now, its P/E ratio is 52, which may appear high considering the S&amp;P 500 average of 29.</p>
<p>Still, the forward P/E of 16 should make the stock more attractive, especially when also considering its consistent revenue growth. At today's stock price, $1,065 will buy about 42 shares, providing a starting position where investors can capitalize on a likely recovery.</p>
<h2>Target</h2>
<p>At first glance, Target (NYSE: TGT) may look like it's closer to the worst choice for doubling your money than the best. Issues such as high inventories, a lack of desirable offerings, messy stores, and controversial political stances have led to Target missing the mark with customers and investors alike over the last few years.</p>