1 Unstoppable Growth Stock That Could Join Nvidia, Apple, Amazon, Alphabet, Meta Platforms, and Microsoft in the Trillion-Dollar Club By 2040

In 2018, Apple famously became the first publicly traded company in the U.S. to hit a $1 trillion valuation. Since then, several more have hit that milestone, including several of Apple's peers in the tech industry: Microsoft, Alphabet, Amazon, Nvidia, and Meta Platforms. This group remains highly exclusive, but many more corporations will join in the coming years. One of them could be Shopify (NYSE: SHOP), an e-commerce specialist currently sporting a market cap of $135 billion.Shopify needs a compound annual growth rate (CAGR) of at least 14.3% in the next 15 years to become a trillion-dollar stock. That's not an easy task, but let's find out why Shopify can pull it off.Shopify was created to address a real pain point for businesses trying to open online storefronts, which sometimes had to deal with design challenges, lack of flexibility, and other issues. Shopify changed that. The e-commerce specialist offers practically everything merchants need all in one spot, from hundreds of customizable templates and payment processing to inventory, social media tools, marketing, and more.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool