High levels of inflation, rising interest rates, and concerns about weakening economic conditions this past year combined to create a challenging market backdrop for growth stocks. With macroeconomic pressures and the evaporation of pandemic-driven tailwinds, the valuations of many companies in the e-commerce space were particularly hard hit. 

One positive aspect of this situation is that big sell-offs pushed the valuations for some top online retail players down to more attractive levels. Putting your money behind the right ones could have a big payoff over the long term.

If you've got $1,000 available to invest, you might want to consider putting it toward an underappreciated e-commerce stock that has some potential to be an even bigger winner than Amazon. Here's why.

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Source Fool.com