The E-Commerce Stock Everyone's Ignoring
E-commerce stocks are hot these days, and it's easy to see why.
The online retail sector has grown by about 15% annually for the last several years, but still makes up less than 10% of total retail sales. That means e-commerce should have a long tail of growth ahead as it gradually takes share from brick-and-mortar retail. With the convenience of online shopping, it seems almost inevitable that it will continue to replace physical retail, especially as technology improves and businesses add features to accommodate online ordering, like grocery pickup kiosks.
Not surprisingly, even as retail stocks have plunged this year, e-commerce stocks have thrived. Shopify has more than doubled this year, and Wayfair is up more than 80%.
Source: Fool.com
Amazon.com Inc. Stock
€161.78
-0.050%
The stock is an absolute favorite of our community with 157 Buy predictions and no Sell predictions.
As a result the target price of 191 € shows a slightly positive potential of 18.06% compared to the current price of 161.78 € for Amazon.com Inc..
