In this article, we will discuss 12 High Growth E-commerce Stocks To Buy.
The rapid rise of e-commerce has already created some of the stock market’s biggest winners, yet the long-term opportunity in online retail is far from exhausted. Throughout the 2010s, global e-commerce sales expanded at an annual rate of roughly 15%, with adoption accelerating sharply during the COVID-19 pandemic as consumers shifted spending online. While growth moderated after the pandemic and e-commerce’s share of total retail briefly declined through early 2022 as spending normalized toward services and physical stores, the sector has since settled into a sustainable growth trajectory of around 7% annually—still well ahead of traditional retail.
Despite this normalization, the structural tailwinds behind e-commerce remain firmly intact. The scale of the opportunity is substantial; approximately 2.8 billion people worldwide made at least one online purchase this year, representing around 27% of the global population. Average revenue per user (ARPU) is expected to reach $3,950, underscoring both the maturity and monetization potential of the market. Supporting this ecosystem are more than 31 million e-commerce websites and online stores operating globally, reflecting both intense competition and sustained innovation. Global online sales are expected to reach approximately $6.86 trillion by the end of 2025, representing 8.3% year-over-year growth and accounting for more than 20% of total global retail sales. Looking further ahead, global e-commerce sales are projected to exceed $8.1 trillion by 2027, driven by continued shifts in consumer behavior, expanding digital infrastructure, improved logistics networks, and deeper integration of artificial intelligence across the shopping experience.
This large-scale transformation in consumer behavior is reshaping how people shop. Omnichannel strategies, AI-powered personalization, and data-driven merchandising are enhancing online discovery and conversion, while physical retailers are increasingly adopting hybrid models such as click-and-collect and digitally enhanced in-store experiences. As a result, online retail continues to meaningfully outpace brick-and-mortar growth, with global e-commerce sales projected to rise 8.3% by the end of 2025, compared with only 3% growth for in-store sales.
Against this backdrop, e-commerce stocks continue to present a compelling high-growth investment opportunity. Market leaders such as Amazon.com Inc. (NASDAQ:AMZN) dominate at scale, while specialized platforms and niche players are carving out defensible positions with differentiated offerings and technology-driven advantages.
Given this dynamic and rapidly evolving landscape, the objective of this article is to provide a strategic, data-driven analysis of the fastest growing e-commerce stocks, highlighting companies best positioned to benefit from the next phase of global online retail growth. With this context in mind, here is a list of 12 high growth e-commerce stocks to buy.
Our Methodology
For this article, we used the Finviz stock screener to compile a list of the top e-commerce stocks. We then selected 12 stocks that had a revenue growth of over 10% in the past five years. The stocks are ranked in ascending order of their revenue growth. We also included the hedge fund sentiment for each stock, which was sourced from Insider Monkey’s database, as of Q3 2025.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
12 High Growth E-commerce Stocks To Buy
12. Revolve Group, Inc. (NYSE:RVLV)
5-year Revenue Growth: 13.46%
Number of Hedge Fund Holders: 24
On January 22, KeyBanc raised its price target on Revolve Group to $35 from $25 while maintaining an Overweight rating on the shares. The firm pointed to growing confidence in the company’s tariff mitigation initiatives, improving profitability profile, and continued assortment diversification as key factors underpinning its more constructive outlook. KeyBanc believes these elements position Revolve Group, Inc. (NYSE:RVLV) well to sustain growth despite a volatile consumer and retail environment.
The company’s third quarter 2025 results supported this optimism, with adjusted EBITDA rising 45% year over year to $25 million, the highest level ever recorded for a third quarter. Margin expansion was driven by disciplined cost management and operating leverage, alongside targeted investments in technology. Management highlighted the increasing use of artificial intelligence across design and back-office functions, which is contributing to improved productivity, faster decision-making, and meaningful cost efficiencies across Revolve Group, Inc. (NYSE:RVLV).
Founded in 2003 and headquartered in Cerritos, California, Revolve Group, Inc. (NYSE:RVLV) operates as an online fashion retailer catering primarily to millennial and Generation Z consumers in the U.S. and internationally. The company runs two core segments, REVOLVE and FWRD, blending data-driven merchandising with influencer-led marketing and premium brand partnerships.
11. Alibaba Group Holding Limited (NYSE:BABA)
5-year Revenue Growth: 13.54%
Number of Hedge Fund Holders: 130
Jefferies analyst Thomas Chong lowered the firm’s price target on Alibaba Group Holding Limited (NYSE:BABA) to $225 from $231 while maintaining a Buy rating on the shares as part of an earnings preview on January 8. Despite the modest adjustment, Jefferies reaffirmed Alibaba as a top pick for 2026, highlighting the company’s expanding opportunities in artificial intelligence and cloud computing. The analyst also noted that Alibaba Group Holding Limited (NYSE:BABA) is expected to continue making steady progress in quick commerce during the December quarter, supported by improving execution across key operating metrics.
The company’s underlying fundamentals reinforce this positive long-term view. For the second quarter of fiscal 2026, Alibaba Group Holding Limited (NYSE:BABA) reported a 15% year-over-year increase in total revenue, excluding Sun Art and Intime. Growth was driven by a 10% increase in China e-commerce Customer Management Revenue and a strong 34% rise in Cloud Intelligence revenue. Notably, AI-related product revenues grew at a triple-digit pace for the ninth consecutive quarter, with external customer revenue accelerating by 29%, underscoring the increasing monetization of Alibaba’s AI and cloud capabilities.
Founded in 1999 and headquartered in Hangzhou, China, Alibaba Group Holding Limited (NYSE:BABA) operates one of the world’s largest digital commerce and cloud ecosystems. Through Alibaba.com, the company connects U.S. businesses with more than 40 million global B2B buyers, while its broader platform spans e-commerce, logistics, cloud computing, and AI-driven services.
10. JD.com, Inc. (NASDAQ:JD)
5-year Revenue Growth: 14.04%
Number of Hedge Fund Holders: 55
JD.com, Inc. (NASDAQ:JD) is reportedly exploring a potential first entry into the dim sum bond market, considering an offshore yuan-denominated issuance of up to 10 billion yuan, or roughly $1.4 billion, with maturities of up to 10 years, according to sources familiar with the matter. While discussions remain preliminary and key details such as timing have not been finalized, such a move could enhance the company’s financial flexibility and diversify its funding sources as it continues to invest in logistics, technology, and global expansion. JD.com’s management has emphasized that there are currently no confirmed plans to issue the bonds and reiterated its policy of not commenting on market rumors or speculation.
Looking ahead to 2026, JD.com is pursuing several initiatives aimed at expanding scale and strengthening its ecosystem. The company is increasing its global footprint through new international partnerships, the opening of a logistics hub in Riyadh, and the launch of “Joybuy,” which is expected to support cross-border and international commerce growth. Domestically, JD.com, Inc. (NASDAQ:JD) continues to expand its JD MALL concept in China, with more than 100 appliance-focused flagship stores in operation as of the third quarter of 2025. These locations are designed to reinforce JD’s “one-stop shopping” strategy for home appliances by combining product selection, services, and logistics under one roof.
Additional growth initiatives include plans for a JD Museum in Shenzhen and the opening of a Hong Kong JD MALL in 2026 through a new partnership, extending the offline retail model beyond mainland China. Founded in 1998 and headquartered in Beijing,JD.com, Inc. (NASDAQ:JD) is one of China’s leading e-commerce platforms, known for its vertically integrated logistics network and focus on quality and fulfillment. The stock has an average revenue growth of 14.04% in the past 5 years.
9. Amazon.com, Inc. (NASDAQ:AMZN)
5-year Revenue Growth: 17.86%
Number of Hedge Fund Holders: 332
Oppenheimer analyst Jason Helfstein raised the firm’s price target on Amazon.com, Inc. (NASDAQ:AMZN) on January 28 to $315 from $305 while maintaining an Outperform rating on the shares. The upward revision reflects increased confidence in Amazon Web Services following the firm’s analysis of Anthropic-related contributions, with Oppenheimer now forecasting FY26 AWS revenue growth of 24%, compared with the Street’s 21% expectation. The firm continues to view Amazon as a top mega-cap opportunity, supported by improving fundamentals across both its cloud and core commerce businesses. Beyond AWS, Oppenheimer highlighted accelerating margin expansion within Amazon’s e-commerce segment, driven by ongoing automation investments across fulfillment and logistics. These efficiency gains are beginning to materialize in profitability, with the firm estimating approximately $7 billion in cumulative cost savings by FY27, equating to roughly a 5% uplift to consolidated EBIT. This margin tailwind underscores Amazon’s ability to leverage scale and technology to enhance returns, even as it continues to invest heavily in growth initiatives.
Separately, Reuters reported that Saks Global, which filed for bankruptcy earlier this year, is planning to end its e-commerce partnership with Amazon and close the Saks on Amazon storefront. The decision appears driven by Saks’ intention to refocus on business segments it views as offering greater long-term growth potential, rather than reflecting any broader strategic shift at Amazon.com, Inc. (NASDAQ:AMZN). While the partnership had faced strain amid Saks’ Chapter 11 proceedings, the development is not expected to have a material impact on Amazon’s overall retail or marketplace operations.
Founded in 1994 and headquartered in Seattle, Washington, Amazon.com, Inc. (NASDAQ:AMZN) is a global technology leader with operations spanning e-commerce, cloud computing through AWS, digital streaming, and artificial intelligence. With accelerating AWS growth, visible margin expansion from automation, and significant long-term cost efficiency opportunities, Amazon remains well positioned to compound earnings and cash flow, reinforcing its appeal as a core holding for investors seeking exposure to large-scale digital infrastructure and commerce.
8. Chewy, Inc. (NYSE:CHWY)
5-year Revenue Growth: 19.60%
Number of Hedge Fund Holders: 57
On January 13, Morgan Stanley raised its price target on Chewy to $51 from $48 while maintaining an Overweight rating on the shares. In a broader note on the North America Internet sector, the firm highlighted that 2026 is likely to resemble 2025, with investors favoring companies that can demonstrate meaningful returns on invested capital, particularly those leveraging GenAI- or GPU-enabled technologies. Within this framework, Chewy, Inc. (NYSE:CHWY) stands out as a business showing improving operational leverage and clearer pathways to value creation, even as other internet subsectors face valuation pressure from disruption and competitive uncertainty.
Chewy, Inc. (NYSE:CHWY) reinforced this constructive outlook during its third quarter 2025 earnings call in December. The company reported net sales of $3.12 billion, representing 8.3% year-over-year growth and exceeding management’s guidance for the quarter. Performance was supported by continued customer engagement and expanding offerings, with Chewy Vet Care emerging as a notable growth driver. The veterinary services segment continued to outperform expectations, with two additional practices opened during the quarter, bringing the total footprint to 14 locations and highlighting Chewy’s progress in diversifying beyond core e-commerce.
Founded in 2011 and headquartered in Plantation, Florida, Chewy, Inc. (NYSE:CHWY) is a leading online retailer of pet food and pet-related products. Its expanding ecosystem, which now includes healthcare services alongside its core retail platform, positions the company to capture a larger share of pet spending over time while strengthening customer loyalty and long-term revenue visibility.
7. Maplebear Inc. (NASDAQ:CART)
5-year Revenue Growth: 22.98%
Number of Hedge Fund Holders: 60
Baird analyst Colin Sebastian lowered the firm’s price target on Maplebear Inc. (NASDAQ:CART) to $49 from $50 while maintaining an Outperform rating on the shares on January 27. This reflects modest model updates following a review of key issues ahead of the company’s upcoming earnings release. Despite the slight adjustment, Baird’s continued Outperform stance underscores confidence in the company’s strategic positioning and longer-term growth outlook.
A central pillar of that outlook is Maplebear Inc. (NASDAQ:CART)’s enterprise platform, which now powers more than 350 e-commerce storefronts for grocery and retail partners. This segment has emerged as a meaningful growth driver, extending the company’s reach beyond its core marketplace and creating opportunities for deeper retailer integration and international expansion over time. Maplebear Inc. (NASDAQ:CART) is also leaning aggressively into artificial intelligence as a differentiator across its platform. The company recently launched a suite of AI-powered products designed to help retailers leverage generative AI for tasks such as personalization, merchandising, and operational efficiency. Early feedback from retail partners has been positive, suggesting these tools could enhance retailer ROI while supporting higher-margin software and advertising revenue streams for Maplebear.
Operating also as Instacart, Maplebear Inc. (NASDAQ:CART) is a San Francisco-based technology company founded in 2012 that runs one of the leading online grocery delivery and pickup marketplaces in the U.S. and Canada. The platform enables consumers to order from thousands of retailers through its app and website, generating revenue through transaction fees and a rapidly growing advertising business. With expanding enterprise offerings, increasing AI-driven monetization opportunities, and continued analyst support, Maplebear remains positioned to evolve from a delivery-centric platform into a broader retail technology enabler.
6. Etsy, Inc. (NYSE:ETSY)
3-year Revenue Growth: 27.97%
Number of Hedge Fund Holders: 46
Stifel analyst Mark Kelley lowered the firm’s price target on Etsy, Inc. (NYSE:ETSY) to $62 from $65 while maintaining a Hold rating on the shares on January 27. The update followed a review of third-party data suggesting the broader e-commerce group delivered a healthy fourth quarter overall, though the analyst flagged the potential for incremental consumer pricing pressure in 2026 based on recent commentary from Amazon. These dynamics informed Stifel’s more cautious near-term outlook, even as sector demand trends remain broadly intact.
During its third quarter 2025 earnings conference call, Etsy, Inc. (NYSE:ETSY) also outlined a notable leadership transition. Founder Josh Silverman announced plans to step into the role of Executive Chair, with Kruti Patel Goyal assuming the CEO position effective January 1. The Board of Directors expressed full support for the transition, which is intended to provide continuity while positioning the company for its next phase of operational execution and strategic focus.
Founded in 2005 and headquartered in Brooklyn, New York, Etsy, Inc. (NYSE:ETSY) operates a differentiated e-commerce marketplace centered on handmade, vintage, and unique goods. The platform spans categories including jewelry, apparel, home décor, furniture, toys, and art, catering to a global community of creators and buyers. The stock has an average revenue growth of over 27% in the past 5 years.
5. Coupang, Inc. (NYSE:CPNG)
5-year Revenue Growth: 36.99%
Number of Hedge Fund Holders: 83
On January 12, Nomura downgraded Coupang, Inc. (NYSE:CPNG) to Neutral from Buy and lowered its price target to $22 from $30, citing heightened regulatory scrutiny in South Korea following a data breach incident in late November. The firm also sharply reduced its 2026 EPS forecast to reflect potential consumer compensation costs and the risk of a sizable regulatory fine. While these near-term overhangs have weighed on sentiment, they are largely event-driven and do not alter Coupang’s underlying operational momentum or long-term competitive positioning.
Operationally, Coupang, Inc. (NYSE:CPNG) continues to deliver strong growth. In the third quarter of 2025, the company reported consolidated revenue of $9.3 billion, representing 18% year-over-year growth, or 20% on a constant-currency basis. International expansion remains a key pillar of the long-term thesis, with Taiwan posting triple-digit revenue growth as Coupang builds out last-mile logistics and expands both first-party and marketplace offerings. These investments are laying the groundwork for durable scale advantages similar to those Coupang has established in Korea.
Founded in 2010 and headquartered in Seattle, Washington, Coupang, Inc. (NYSE:CPNG) is a Delaware-incorporated technology and online retail company with a deeply integrated logistics network. While regulatory uncertainty may pressure near-term earnings, Coupang’s rapid revenue growth, expanding international footprint, and best-in-class fulfillment infrastructure position it as a compelling long-term compounder for investors willing to look through temporary noise.
4. Sea Limited (NYSE:SE)
5-year Revenue Growth: 50.54%
Number of Hedge Fund Holders: 102
On January 15, Bank of America lowered its price target on Sea Limited (NYSE:SE) to $182 from $200 while maintaining a Buy rating on the shares. The adjustment reflects higher planned investments, which led the firm to trim near-term margin and EPS estimates, though BofA left its valuation multiples unchanged. Importantly, the firm’s continued Buy rating signals confidence that incremental investment is strategic rather than structural, aimed at sustaining long-term growth across Sea’s core platforms.
The company’s growth remains robust. In the third quarter of 2025, Sea Limited (NYSE:SE) delivered total revenue of $6 billion, representing a 38% year-over-year increase. Its subsidiary Shopee continues to anchor the group as Southeast Asia’s leading e-commerce platform, while Garena and Monee provide diversification across digital entertainment and financial services. The scale and ecosystem benefits across these businesses give Sea multiple levers to drive monetization as regional digital adoption deepens.
Founded in 2009 and headquartered in Singapore, Sea Limited (NYSE:SE) is a technology conglomerate listed on the New York Stock Exchange. While elevated investment spending may weigh on near-term profitability, Sea’s accelerating top-line growth and dominant regional positioning support a long-term investment case centered on platform scale, optionality, and operating leverage over time.
3. Global-E Online Ltd. (NASDAQ:GLBE)
5-year Revenue Growth: 62.79%
Number of Hedge Fund Holders: 35
On February 3, Piper Sandler analyst Billy Fitzsimmons maintained an Overweight rating on Global-E Online Ltd. (NASDAQ:GLBE) with a $48 price target following a transfer of coverage. As part of a broader reset across the platforms and apps group, the firm downgraded several names and reduced price targets, citing concerns that seat compression and “vibe coding” narratives could limit valuation multiples. Piper is not taking a view on upcoming Q4 results, instead noting mixed sentiment across the software sector despite share price declines over the past year. The firm expects continued caution toward software stocks and suggests investors prioritize hyperscaler, consumption-based, and vertical software names.
Global-e’s recent performance underscores that strength. During its third quarter 2025 earnings call, the company reported GMV of $1.51 billion, up 33% year over year and above the top end of guidance. Revenue rose 25.5% to $221 million, while adjusted EBITDA increased 33% to $41.3 million, resulting in a healthy 18.7% margin. Management also highlighted growing traction in AI-driven and agentic commerce, including early traffic originating from ChatGPT and agent-assisted checkout transactions, positioning Global-E Online Ltd. (NASDAQ:GLBE) at the forefront of the next phase of cross-border e-commerce.
Founded in 2013 and headquartered in Petah Tikva, Israel, Global-e operates a leading cross-border e-commerce platform that enables merchants to localize checkout, pricing, payments, duties, and logistics across more than 140 currencies. With strong execution, expanding margins, and early exposure to AI-enabled commerce workflows, Global-E Online Ltd. (NASDAQ:GLBE) remains well-positioned for sustained growth as international e-commerce penetration continues to rise.
2. DoorDash, Inc. (NASDAQ:DASH)
5-year Revenue Growth: 64.69%
Number of Hedge Fund Holders: 91
On January 29, Guggenheim lowered its price target on DoorDash, Inc. (NASDAQ:DASH) to $275 from $280 while reiterating a Buy rating ahead of the company’s Q4 earnings report scheduled for February 18. The modest reduction reflects expectations that elevated investment spending will continue to weigh on margins into 2027. However, the maintained Buy rating underscores confidence that these investments are strategic in nature and designed to strengthen DoorDash’s long-term competitive position rather than signal any deterioration in core demand or execution.
DoorDash, Inc. (NASDAQ:DASH) continues to build toward its ambition of becoming a leading global local commerce platform. During its Q3 earnings call in November, management outlined plans to accelerate expansion across Europe, leveraging the acquisition of Deliveroo alongside its prior success with Wolt. These assets give DoorDash an established footprint, local market expertise, and operational scale that would be difficult and costly to replicate organically. Over time, this international expansion meaningfully increases the company’s total addressable market beyond food delivery alone. At the same time, DoorDash, Inc. (NASDAQ:DASH) is investing aggressively in next-generation capabilities, including DashMart Fulfillment Services, autonomous delivery initiatives, and a new global technology platform. These investments are expected to improve efficiency, expand selection, and enhance unit economics over the long run. While near-term profitability may be pressured, they position the company to capture a greater share of local commerce spending as consumer behavior continues to shift online.
Founded in 2013 and headquartered in San Francisco, DoorDash, Inc. (NASDAQ:DASH) is the largest food delivery platform in the U.S., commanding roughly 56% market share. With category leadership, expanding international reach, and a clear roadmap to broaden its ecosystem, DoorDash remains an attractive long-term growth story for investors willing to look through near-term investment drag. DoorDash’s average five-year revenue growth of over 64% places it among the high-growth e-commerce stocks to buy.
1. PDD Holdings Inc. (NASDAQ:PDD)
5-year Revenue Growth: 65.84%
Number of Hedge Fund Holders: 73
On January 28, Citi analyst Alicia Yap lowered the firm’s price target on PDD Holdings Inc. (NASDAQ:PDD) to $142 from $170 while maintaining a Neutral rating ahead of the company’s Q4 earnings report. The firm expects moderating domestic retail sales to weigh on results, partially offset by a recovery in Temu’s U.S. traffic, and warns that rising operating expenses could pressure PDD’s profitability into 2026.
PDD’s ability to adapt to regulatory and macro headwinds speaks to the flexibility of its operating model. Both Pinduoduo and Temu have demonstrated strong execution through dynamic pricing, efficient sourcing, and rapid iteration of logistics and fulfillment strategies. Importantly, PDD Holdings Inc. (NASDAQ:PDD)’s global business continues to gain traction across multiple international markets, with positive user and merchant feedback underscoring the appeal of its value-driven marketplace model.
Temu, in particular, has emerged as a key growth engine, expanding PDD’s reach well beyond China and positioning the company as a global e-commerce disruptor. While continued investment is weighing on margins today, these expenditures are aimed at building durable scale, brand recognition, and supply chain advantages that can translate into meaningful operating leverage over time.
Founded in 2018 and headquartered in Dublin, Ireland, PDD Holdings Inc. (NASDAQ:PDD) operates a diversified global e-commerce ecosystem focused on connecting consumers and merchants through technology-enabled platforms. With proven adaptability, accelerating international expansion, and a long-term strategic focus, PDD stands out as a compelling growth opportunity for investors seeking exposure to global e-commerce innovation despite near-term margin volatility.
While we acknowledge the potential of PDD to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PDD and that has 100x upside potential, check out our report about this cheapest AI stock.
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