Top Picks 2017: Shopify
01/19/2017 6:00 am EST
Our Top Pick for aggressive growth in the coming year is a fast-growing cloud-based, multi-channel commerce platform, explains Gordon Pape, editor of the Internet Wealth Builder.
Shopify (SHOP) is especially designed for small and medium-sized businesses. It is based in Ottawa, Canada.
I like this stock recommendation because this is a young company that focuses on providing on-line marketing solutions at a reasonable price for small and mid-size companies.
Over 325,000 merchants now use their platform. To give you an idea of the growth potential, third-quarter revenue came in at $99.6 million, up 89 per cent from the year before.
Conclusion: This is a growth company with huge potential. The stock more than doubled in value 2016 but I think there’s a lot more to come.