14 High Growth Large Cap Stocks to Buy Right Now

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1. Shopify Inc. (NASDAQ:SHOP)

M-Cap: $222.2 billion

Number of Hedge Fund Holders: 91

5-year Revenue Growth: ~34.2%

Shopify Inc. (NASDAQ:SHOP) is one of the High Growth Large Cap Stocks to Buy Right Now. On December 17, Wells Fargo increased its price objective to $198 from $125, while reiterating a “Buy” rating, noting its AI potential. Notably, the analysts at the firm believe that Shopify Inc. (NASDAQ:SHOP) happens to be an under-earning asset, which remains well-placed to benefit from evolving AI search and discovery technologies, thereby capturing demand-generation economics amidst an AI-supported marketplace.

The firm noted that Shopify Inc. (NASDAQ:SHOP)’s stock trades at 123 times its future earnings estimates, demonstrating an extremely high valuation. That being said, the analysts believe Shopify Inc. (NASDAQ:SHOP)’s revenue and operating income to surpass the Street’s estimates by over 20% and 50%, respectively, by 2028. This is expected to help justify the premium multiple for the company’s stock.

The firm believes that Agentic commerce is expected to emerge as a new revenue stream for Shopify Inc. (NASDAQ:SHOP), potentially touching $4 billion by 2028 and fueling positive revisions in estimates. As AI search engines reshape e-commerce discovery, the company will serve as a connective tissue for merchants looking for more direct sales channels, added Wells Fargo. Overall, the company’s stock has a consensus “Moderate Buy” rating from 29 analysts.

Shopify Inc. (NASDAQ:SHOP) is a commerce technology company that offers tools to start, scale, market, and run a business.

While we acknowledge the potential of SHOP 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 SHOP and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now.

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