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Barchart
Barchart
Sristi Suman Jayaswal

1 Growth Stock to Scoop Up While It's Cheap

Shopify SHOP Shopify Inc

The rising demand for digital services has cultivated an environment ripe for continuous growth, as consumers increasingly turn to the Internet for various daily necessities. The e-commerce market is projected to hit over $7.9 trillion by 2027, propelled by surging internet access, increasing smartphone adoption, and advancements like 4G and 5G connectivity.  

Shopify Inc (SHOP) is the go-to powerhouse for online retailers, offering various services. Shopify stock was on the rise on April 29 after Citigroup (C) analyst Tyler Radke upgraded it to a "Buy" from a "Neutral" rating, increasing his target price from $93 to $105.

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