Forget Shopify: 1 Spectacular E-Commerce Stock to Buy Hand Over Fist Instead
The e-commerce space is packed with competition. While behemoths such as Amazon and Walmart dominate online shopping, smaller players such as and Etsy have proven to be formidable players in the e-commerce realm.
Since its initial public offering (IPO) in 2015, shares of Shopify have returned a jaw-dropping 2,400%. However, over the last few years, the company has polarized some of its investor base. After a botched acquisition with Flexport and an inconsistent financial performance, growth stock investors might be best off looking elsewhere.
One alternative to Shopify that I like is GoDaddy (NYSE: GDDY), which was recently added to the S 500.
Source Fool.com
Shopify Inc Stock
€58.07
0.280%
The stock is one of the favorites of our community with 23 Buy predictions and 1 Sell predictions.
With a target price of 75 € there is a positive potential of 29.15% for Shopify Inc compared to the current price of 58.07 €.
