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Kickstarting your investment journey can be both exciting and scary at the same time, and if you're new to investing, you may not know where to even begin. However, one thing is for certain -- stocks set to beat the market over the next 12 months serve as the perfect foundation for any kind of investor.
Let's now take a look at one standout stock that could be a perfect fit for your portfolio.
Why You Should Pay Attention to Shopify (SHOP)
Ottawa, Canada-based Shopify Inc. is a leading global commerce platform that helps in starting, scaling, marketing, and running a business of any size. Its platform and services are engineered for simplicity and reliability, while delivering a better shopping experience for customers everywhere.
On September 6, 2022, SHOP was added to the Zacks Focus List at $29.94 per share. Shares have increased 326.39% to $127.66 since then.
For fiscal 2025, eight analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0 to $1.49. SHOP boasts an average earnings surprise of 22.1%.
Moreover, analysts are expecting Shopify's earnings to grow 14.6% for the current fiscal year.
It can be very profitable to buy stocks with rising earnings estimates, as stock prices respond to revisions. By adding a Focus List stock like SHOP, there's a great chance you'll be getting into a company whose future earnings estimates will be raised, which can lead to price momentum.
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Shopify Inc. (SHOP) : Free Stock Analysis Report