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 Stock
€179.08
1.630%
Our community is currently high on Salesforce.com with 104 Buy predictions and 6 Sell predictions.
As a result the target price of 246 € shows a positive potential of 37.37% compared to the current price of 179.08 € for Salesforce.com.
