2 Phenomenal Stocks to Buy for the New Year
2024 is here, and with it, another year presents the opportunity for investors of all experience levels to work on building a winning portfolio. You don't have to be rich to start investing in stocks. You also don't need to be a financial wizard to learn about the companies you like and find the ones that make the most sense for your portfolio, risk tolerance, and long-term financial goals.
If you're on the hunt for phenomenal growth stocks to buy in 2024 and hold for the long run, here are two names to consider the next time you go stock shopping. Let's take a closer look.
Shares of Shopify (NYSE: SHOP) have experienced quite the run-up over the last year. A resurgence in investor appetite for growth stocks and rapidly improving financials brought investors back to this e-commerce business. The stock is up by close to 80% over the trailing 12 months, even though it is still down significantly from all-time highs.
Source Fool.com
Shopify Inc Stock
Currently there is a rather positive sentiment for Shopify Inc with 4 Buy predictions and 0 Sell predictions.
As a result the target price of 75 € shows a positive potential of 33.17% compared to the current price of 56.32 € for Shopify Inc.
