Forget Shopify, Here are 3 Better Growth Stocks
Shopify (NYSE: SHOP) has had an impressive run in its short life to date as a public company. Investors are cheering the market-thumping sales gains that the e-commerce platform has seen, and they're warming up to the idea that sustainable profitability isn't far away.
That lack of positive net income is one reason why Shopify might not be the best choice as a growth stock today. A few better options, according to Motley Fool investors, are Winnebago (NYSE: WGO), Canopy Growth Corp (TSX: WEED) and TPI Composites (NASDAQ: TPIC).
Demitri Kalogeropoulos (Winnebago): Winnebago is one of those rare companies that can claim faster sales growth than Shopify right now. Revenue spiked 83% in the recreational-vehicle specialist's last quarterly outing compared to Shopify's 72%.
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 37.89% compared to the current price of 54.39 € for Shopify Inc.
