GDDY - Forget Shopify: 1 Spectacular E-Commerce Stock to Buy Hand Over Fist Instead
2024-07-17 10:17:00 ET
The e-commerce space is packed with competition. While behemoths such as Amazon and Walmart dominate online shopping, smaller players such as Shopify and Etsy have proven to be formidable players in the e-commerce realm.
Since its initial public offering (IPO) in 2015, shares of Shopify have returned a jaw-dropping 2,400%. However, over the last few years, the company has polarized some of its investor base. After a botched acquisition with Flexport and an inconsistent financial performance, growth stock investors might be best off looking elsewhere.
One alternative to Shopify that I like is GoDaddy (NYSE: GDDY) , which was recently added to the S&P 500 .
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Forget Shopify: 1 Spectacular E-Commerce Stock to Buy Hand Over Fist Instead