Below we presented the list of 5 best e-commerce stocks to buy now. For our detailed discussion as well as a more comprehensive list please see 15 Best E-Commerce Stocks To Buy Now.
5. Shopify, Inc. (NYSE:SHOP)
No of HFs: 81
Total Value of HF Holdings: $7.51 Billion
Shopify, Inc. is ranked as the fifth-best e-commerce stock to buy now. It is a cloud-based e-commerce platform for online stores and retail point-of-sale systems. During the third quarter of 2020, the company reported a revenue of $767.4 million, a 96% increase compared to the same period of 2019.
McClain Capital highlighted a few stocks in an article, and SHOP was one of them.
“Shopify (SHOP) : The currently fast growing, yet unprofitable e-commerce platform for retailers trades at a $120bln valuation on $1.6bln in 2019 revenues, a valuation of 75x sales for a company that ran -8% net margins. Assuming the business will run a normal 10% net margin and trade at a generous 25x P/E in 2030, revenue will need to grow by a factor of 80 times current levels for shareholders to earn a 10% IRR over the next 10 years.”