Buying and holding shares of quality growth stocks is the easiest and most efficient way for most people to build wealth. Focusing on the fundamentals that make a business great is far more important than how its stock performs in the near term.
The Shopify stock price has been in a strong uptrend this year as technology companies soared. SHOP jumped from a low of $69.34 in April to a high of $169.50.
Growth stocks thrive on momentum, and October often delivers it. The start of Q3 earnings season, combined with enterprises locking in year-end budgets, sets the stage for companies with real catalysts to stand out.
Handcrafted marketplace Etsy (ETSY -0.19%) reported a nearly 5% drop in gross sales on its platform when it released financial results for the second quarter of 2025. But OpenAI -- the world's most recognizable artificial intelligence (AI) start-up -- could finally give the flailing marketplace the boost that it needs.
Shopify Inc. (NYSE: SHOP) saw its shares rise sharply on Friday morning after TD Cowen resumed coverage of the e-commerce platform and raised its price target. Shopify shares traded 5.2% higher in New York at $159.18.
Seeing a stock's price double over the course of five years isn't unheard of. It requires a market-beating pace of progress.
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