Top 10 E-Commerce Stocks with Long-Term Potential

7. The Home Depot, Inc. (NYSE:HD)

Upside Potential as of July 9: 14.56%

Number of Hedge Fund Holders: 102

The Home Depot, Inc. (NYSE:HD) is one of the top e-commerce stocks with long-term potential. On July 1, DA Davidson reaffirmed its Buy rating and $450 price target for Home Depot (NYSE:HD) after the company finalized a deal to acquire GMS for $110 per share, totaling a $5.5 billion enterprise value.

Though the purchase price is $500 million below DA Davidson’s earlier expectations, Home Depot secured the deal at a competitive rate while outperforming rival offers. Analyst Michael Baker maintained his bullish outlook, supported by broad consensus with targets ranging from $308 to $484, signaling continued investor confidence in Home Depot’s long-term strategy.

The Home Depot, Inc. (NYSE:HD)  is a leading home improvement retailer with global operations, offering building materials, décor, garden supplies, installation services, and tool rentals. It serves DIY customers and professionals through physical stores and a wide network of websites and mobile apps, including HomeDepot.com and specialty platforms for blinds, textiles, and roofing supplies.