1 E-Commerce Stock You Can Buy and Hold for the Next Decade
With the S 500 and the Nasdaq Composite Index both up by double digits in 2023, investors are feeling a sense of renewed optimism, particularly as the economic backdrop is looking surprisingly resilient. This has resulted in some growth stocks performing even better than the broader market.
Take (NYSE: SHOP), for example, whose shares are up 48% this year (as of Aug. 17). That gain has likely been catapulted by the acceleration of growth in the most recent quarter, as well as a general risk-on sentiment from investors.
Even though Shopify's stock has gone up nearly four-fold in the past five years, it still looks like a top e-commerce business you should consider buying and holding for the next decade. Let's take a closer look.
Source Fool.com
Shopify Inc Aktie
Leichtes Buy-Übergewicht bei Shopify Inc mit 5 Buy- gegenüber 1 Sell-Einschätzungen.
Für Shopify Inc ergibt sich mit einem Kursziel von 75 € ein leicht positives Potenzial gegenüber dem aktuellen Kurs von 68.94 €.
