2 Hypergrowth Tech Stocks to Buy in 2023 and Beyond
As stocks move past the bear market of 2022, hypergrowth tech shares have again gained the attention of investors. The mere forecast of a return to growth for Nvidia led to a record one-day gain in the company's market capitalization following its earnings.
While investors have bid Nvidia up to expensive levels, they can still buy other growth tech stocks at much more reasonable valuations. Investors looking for such growth might want to consider (NYSE: SHOP) or CrowdStrike (NASDAQ: CRWD).
Shopify is an e-commerce stock ready to resume its rapid growth. The one-time highflier lost more than 85% of its value during the recent bear market. However, the stock has now climbed by over 150% from its 52-week low. The prospects for growth resuming in e-commerce are one reason why.
Source Fool.com
Shopify Inc Stock
Our community is currently high on Shopify Inc with 4 Buy predictions and 0 Sell predictions.
With a target price of 75 € there is a positive potential of 40.9% for Shopify Inc compared to the current price of 53.23 €.
