Here's My Top Stock to Buy in October
I realize this is a bold move. But I'm calling Shopify (NYSE: SHOP) my top stock to buy in October -- even after its massive surge in its stock price recently. Shares are up a whopping 350% in the past three years, 165% in the past year, and 65% in the past six months. Yet I think there's still room for Shopfiy to run.
Sure, Shopify stock's strong run-up comes even as the e-commerce platform company hasn't achieved profitability yet. Furthermore, the company's net loss has widened significantly in recent quarters. But a close look at Shopify's business reveals a fast-growing, scalable, and adaptable platform with a business model likely to become very lucrative over the long haul.
Image source: Getty Images.
Source: Fool.com
Salesforce.com Aktie
176,64 €
4,44 %
Die Community bevorzugt leicht Salesforce.com mit mehr Buy- als Sell-Einschätzungen.
Das Kursziel von 252 € für Salesforce.com weist auf eine Steigerung von über 20% gegenüber dem aktuellen Kurs von 176.64 € hin.
