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 Stock
Our community is currently high on Shopify Inc with 5 Buy predictions and 0 Sell predictions.
With a target price of 75 € there is a positive potential of 35.89% for Shopify Inc compared to the current price of 55.19 €.
