1 Growth Stock That Could Triple By 2030
Once an investor favorite, e-commerce specialist Shopify (NYSE: SHOP) hasn't been in the best shape over the past 12 months, even by comparison with the struggling stock market. What happened to the company? Shopify was up against a combination of headwinds this year. There was a slowdown in the e-commerce sector compared to the worst of the pandemic.
That's not to mention economic factors such as inflation, supply chain issues, and interest rate increases that affected Shopify's performance. Despite these roadblocks, I remain an unabashed Shopify bull. In fact, I believe the company has what it takes to triple by 2030 -- which would amount to a compound annual growth rate (CAGR) of about 17%.
Let's consider why.
Source Fool.com
