Here's My Top Stock to Buy in October
I realize this is a bold move. But I'm calling Shopify (NYSE: SHOP) my top stock to buy in October -- even after its massive surge in its stock price recently. Shares are up a whopping 350% in the past three years, 165% in the past year, and 65% in the past six months. Yet I think there's still room for Shopfiy to run.
Sure, Shopify stock's strong run-up comes even as the e-commerce platform company hasn't achieved profitability yet. Furthermore, the company's net loss has widened significantly in recent quarters. But a close look at Shopify's business reveals a fast-growing, scalable, and adaptable platform with a business model likely to become very lucrative over the long haul.
Image source: Getty Images.
Source: Fool.com
Salesforce.com Stock
€228.75
-1.660%
With 89 Buy predictions and 1 Sell predictions Salesforce.com is one of the favorites of our community.
With a target price of 278 € there is a positive potential of 21.53% for Salesforce.com compared to the current price of 228.75 €.
