3 E-Commerce Stocks That Have Outperformed Amazon Over the Past 5 Years
Amazon (NASDAQ: AMZN) has been a top growth stock to own for years. Its massive e-commerce business has helped send its valuation to around $2 trillion today, making it among the largest companies in the world.
And so you might be surprised to learn that over the past five years, it has not been the best e-commerce stock to own. It's not even in the top three. Three e-commerce stocks that have been better buys than Amazon are PDD Holdings (NASDAQ: PDD), Shopify (NYSE: SHOP), and MercadoLibre (NASDAQ: MELI).
You may not be familiar with PDD Holdings, but you're likely to know Temu. PDD Holdings owns Temu and the e-commerce site's rising popularity in recent years is one of the reasons PDD Holdings has been doing so well. As one of the most popular e-commerce apps in the U.S., Temu is even driving away shoppers from dollar stores. With cheap products, free delivery, and the ability to do returns on most items within 90 days, it has become an ideal option for frugal shoppers looking to save money.
Source Fool.com
Mercadolibre Inc Stock
The stock is an absolute favorite of our community with 24 Buy predictions and no Sell predictions.
With a target price of 1792 € there is a positive potential of 21.89% for Mercadolibre Inc compared to the current price of 1470.2 €.
