3 Unstoppable Growth Stocks to Buy and Hold Forever
Amid economic uncertainty and inflation, many investors may struggle to see consumer stocks as "unstoppable" these days. Additionally, the front-loading of growth during the pandemic led to a hangover in many of these companies that contributed to the 2022 bear market in stocks.
Nonetheless, bear markets will only hold back the stocks of visionary, well-managed companies for so long. Eventually, such successes can make their stocks unstoppable, and Airbnb (NASDAQ: ABNB), Floor Decor (NYSE: FND), and Shopify (NYSE: SHOP) look like excellent examples of this phenomenon.
Airbnb likely has staying power for its transformational effect on the short-term rental market. Its innovative website has created a network effect among hosts and visitors alike, attracting more properties and tenants to the site.
Source Fool.com
Shopify Inc Stock
Currently there is a rather positive sentiment for Shopify Inc with 5 Buy predictions and 0 Sell predictions.
As a result the target price of 75 € shows a positive potential of 36.86% compared to the current price of 54.8 € for Shopify Inc.
