Business & Investment

Three Top Growth Stocks Not Called Shopify

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I can’t deny it Shopify Is one of the largest stocks available to investors today.In fact, it’s a stock I will choose What if you could only choose one company for the rest of your life? However, it’s still a good idea to keep up with other companies that have the potential to generate great revenue in the long run. That’s why this article describes the top three growth stocks that aren’t named Shopify.

Don’t miss this inventory

Investors who did not buy the dip Dosebo (TSX: DCBO)(NASDAQ: DCBO) Stocks must be kicking themselves today. Throughout 2020, Docebo shares increased by about 400%. However, earlier this year, inventories plummeted by about 40% and returned to their last seen levels in November. Since then, Docebo shares have risen 135% to a record high. Today, Docebo is trading about 18% from its recent highs, giving investors a great opportunity to enter a position.

The surge in value of Dosevo last year could be due to the COVID-19 pandemic. Last year, companies had to stop face-to-face operations. As a result, they needed to find a way to accommodate employee training. That’s where Docebo’s cloud-based AI-powered e-learning platform comes into play. Managers can use the software to more easily assign, monitor, and modify training programs. Remote work settings don’t go anywhere right away. Even so, it takes a lot of money to reinvent employee training. Docebo is in the best position for growth.

Another play in the e-commerce industry

Of all the areas in which I invest, my favorite industry must be the e-commerce industry. The e-commerce industry is estimated to continue to grow at a compound annual growth rate (CAGR) of 14.7% from 2020 to 2027. Shopify often claims headlines when it comes to the e-commerce industry, but other companies are notable for investors.One such company Good food market (TSX: FOOD). This is an online grocery and meal kit company. Today, Goodfood is estimated to account for 40% to 45% of Canada’s meal kit industry.

Goodfood is less well known among Canadians than Shopify. But its growth is very noteworthy. In fiscal year 2017, Goodfood generated $ 20 million in revenue. Goodfood has reported $ 384 million in revenue over the last 12 months in its latest revenue report. Goodfood can be expected to continue to grow as e-commerce continues to penetrate the Canadian retail industry.

A true hidden gem

Last year i goeasy (TSX: GSY) It was a great opportunity to grow. For those unfamiliar, goeasy offers subprime borrowers high-interest loans. We also sell furniture and other household items on a rental basis. I have identified a nasty opportunity because of the hesitation in lending money to consumers between pandemics and banks.

Since the first article on the company, goeasy has reported record revenues quarterly. Meanwhile, inventory has also increased by more than 235%. What I’m most interested in about goeasy is the fact that it’s not only the best growth stock, but also a good dividend company. Canada’s dividend aristocrat, goeasy, has increased its dividends over the last six years. During the period, the dividend increased by more than 600%! Impressively, the dividend payment is only 16.63%. This suggests that the company has room to continue to increase dividends comfortably in the future.

Three Top Growth Stocks Not Called Shopify

https://www.fool.ca/2021/10/28/3-top-growth-stocks-that-arent-called-shopify/ Three Top Growth Stocks Not Called Shopify

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