This visionary Silicon Valley leader offers an inspiring entry point for investors. eBay Inc. (NASDAQ: EBAY) operates marketplace platforms that connect buyers and sellers worldwide. Its Marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps.
eBay’s platforms enable users to list, buy, sell and pay for items through various online, mobile and offline channels that include retailers, distributors, liquidators, import and export companies, auctioneers, catalog and mail-order companies, classifieds, directories, search engines, commerce participants, shopping channels and networks. Also, eBay has a strategic partnership with Bidadoo to transform the heavy equipment industry.
Stifel’s $80 price target compares with the $77.76 consensus target on eBay stock and Wednesday’s closing print of $66.81.
This company has continued to show incredible growth. Etsy Inc. (NASDAQ: ETSY) operates two-sided online marketplaces that connect buyers and sellers, primarily in North America, Europe and India. Its online marketplaces include Etsy.com and Reverb.com.
The company offers approximately 85 million items in its various retail categories to buyers. It also provides various seller services, including Etsy Payments, a payment processing service; Etsy Ads, an advertising platform; and Etsy Shipping Labels, which allows sellers in the United States, Canada, the United Kingdom, and Australia to purchase discounted shipping labels.
In addition, the company offers various seller tools, including Shop Manager dashboard, a centralized hub for Etsy sellers to track orders, manage inventory, view metrics and statistics and have conversations with their customers; Targeted Offers, a sales, promotion and social media tool; educational resources, such as blog posts and video tutorials; Etsy Seller Handbook; and Etsy Teams, a platform to build personal relationships with other Etsy sellers.
The $325 Needham price target is a Wall Street high. The consensus target is $265.52, and Etsy stock closed at $259.28, after retreating almost 6% on Wednesday.
After being on fire most of 2021, the shares were hit hard in November and offer a very good entry point. Shopify Inc. (NYSE: SHOP) provides a commerce platform and services in Canada, the United States, the United Kingdom, Australia, Latin America and elsewhere.
The company’s platform provides merchants to run their business in various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons and marketplaces. It enables them to manage products and inventory, process orders and payments, fulfill and ship orders, build customer relationships, source products, leverage analytics and reporting, and access financing. It also sells custom themes and apps, as well as registration of domain names.
Rosenblatt’s Shopify stock price target is $2,000. The consensus target is $2,105.85. Tuesday’s closing share price was $1,459.71.
Online shopping has become easier and safer. Most importantly, it has a growing millennial and Gen Z demographic that have always shopped online, and those trends are growing as their purchasing power grows. These four companies will continue to dominate the field, and they make sense for growth stock investors with a longer time frame and a somewhat higher risk tolerance.
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