SHOP - 2 No-Brainer Growth Stocks to Buy Now With $80 and Hold Long-Term
2024-04-08 04:55:00 ET
Investors should strive to find competitively advantaged businesses trading at reasonable prices, especially those with compelling growth prospects. Valuations have undoubtedly become less attractive over the past year, as the S&P 500 (SNPINDEX: ^GSPC) has sailed 27% higher. But there are still worthwhile buying opportunities to be found in the market.
For instance, Shopify (NYSE: SHOP) and Uber Technologies (NYSE: UBER) not only trade at reasonable valuation multiples, but also both stocks are relatively affordable at less than $80 per share.
Shopify provides businesses with a turnkey solution for omnichannel commerce. Its platform unifies physical and digital storefronts, letting merchant manage orders and inventory from a single interface. Its software integrates with marketplaces, social media, custom websites, and mobile applications. Shopify also provides ancillary financial services like payment processing and financing, as well as solutions for marketing, logistics, and wholesale.
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2 No-Brainer Growth Stocks to Buy Now With $80 and Hold Long-Term