Can This Beaten-Down Growth Stock Outperform the "Magnificent Seven" Over the Next 5 Years?
The "Magnificent Seven" stocks seem to be getting all of the attention these days, and for good reason. As a group, these dominant businesses have seen their shares soar since the start of 2023. Investors appreciate their growth prospects and focus on tech innovation and disruption.
But that doesn't mean there aren't other places to shop around for businesses to invest in. Take a look at Shopify (NYSE: SHOP), which recently reported its 2023 fourth-quarter financial results. Investors didn't seem pleased with the numbers, sending shares down double digits on the news. They're now 55% below their all-time high.
Can this beaten-down e-commerce growth stock outperform the Magnificent Seven between now and 2029?
Source Fool.com
Shopify Inc Aktie
54,77 €
0,13 %
Die Shopify Inc Aktie steht recht gut da: Mehr Buy- als Sell-Einschätzungen in der Community.
Für Shopify Inc sieht die Community ein Kursziel von 75 €, was eine erhebliche Steigerung um über 20% gegenüber dem aktuellen Kurs von 54.77 € bedeutet.
