3 Top E-Commerce Stocks to Buy Right Now (Not Named Amazon or Shopify)
If the past year has taught us one thing, it's that digital retail is just getting started. Global e-commerce sales topped $4.29 trillion in 2020, up 27.6% year over year, and more than double the $2 trillion in online sales in 2016. That could be just the beginning. Other estimates suggest that e-commerce sales could grow to $6.39 trillion by 2024 (a 10.5% annualized growth rate).
With that as a backdrop, there are lots of ways to invest in the e-commerce revolution. Amazon (NASDAQ: AMZN) and Shopify (NYSE: SHOP) are the two most obvious choices. Amazon grew revenue by 38% in 2020, while its net income more than doubled. Shopify's results were even more impressive, with revenue that increased 86% last year, driven by gross merchandise volume (GMV) that soared 96%. The company also turned profitable for the year.
Yet, for those willing to venture outside the box, there are a number of disruptive e-commerce stocks that could potentially generate even more impressive growth than Shopify and Amazon going forward. Let's take a look at three top e-commerce stocks to buy right now.
Source Fool.com
