Hedge fund manager Philippe Laffont expects Arm and MercadoLibre to generate monster returns in the next five years. Coatue curates the Fantastic 40 Growth & Innovation Index, which ranks public and private companies based on growth prospects through 2030. That implies 430% upside from its current market value of $148 billion, which equates to annual returns of nearly 40% over the next five years. That implies 150% upside from its current market value of $120 billion, which equates to annual returns of 20% over the next five years. Wall Street estimates Arm's adjusted earnings will increase at 23% annually through the fiscal year ending in March 2027.