If you're a beginner investor, the idea of creating a portfolio from the ground up can feel like an impossible goal to achieve. That's why you should start by looking at stocks that are set to beat the market over the next 12 months, a strategy that's been proven to generate strong returns.
Let's now take a look at one standout stock that could be a perfect fit for your portfolio.
On September 6, 2022, SHOP was added to the Zacks Focus List at $29.94 per share. Shares have increased 284.64% to $115.16 since then.
One analyst revised their earnings estimate upwards in the last 60 days for fiscal 2025. The Zacks Consensus Estimate has increased $0 to $1.4. SHOP boasts an average earnings surprise of 14.9%.
Moreover, analysts are expecting Shopify's earnings to grow 7.7% for the current fiscal year.
Because stock prices react to revisions, buying stocks with rising earnings estimates can be very profitable. Focus List stocks like SHOP offer investors a great opportunity to get into a company whose future earnings estimates will be raised, potentially leading to price momentum.
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Shopify Inc. (SHOP) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
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