Best e-commerce Stocks in 2020 and Beyond

Ecommerce is currently thriving globally. People had already started preferring buying things online, but the coronavirus pandemic hastened the death of the mall. According to an estimate, online sales in the U.S. alone would cross $1 trillion by 2025.

The best way to gain profit from the current ecommerce tide is to pay attention to the best ecommerce stocks in the world.

Shopify

Shopify is one of the best ecommerce stocks to buy in 2020 and beyond. People use Shopify to build online stores and sell their products. There are over 500,000 active Shopify stores, with new additions soaring every day, as more and more people prefer to shop and sell online.

Shopify stock has already gained over 150% in 2020, as of Oct. 6.

Investment firm KeyBanc Capital Markets analyst Josh Beck recently said in a reported that Shopify will gain in the future mainly due to its Shopify Fulfillment Network. The analyst raised his price from $1,150 to $1,250 and maintained his Overweight rating for the stock.

Walmart

Walmart is one of the primary beneficiaries of the ecommerce boom in the U.S. Walmart is currently in the news because of its involvement in a possible deal with TikTok. Investment firm Oppenheimer analyst Rupesh Parikh in September raised his price target for Walmart to $152 from $145 and gave a Buy rating. The analyst is bullish on the company’s ability to deliver “at least low-single-digit operating income growth and upside potential related to new investments.”

Parikh is also bullish on the company’s ecommerce potential as COVID-19 batters the brick-and-mortar stores and push a broader online shopping trend in the country.

In the second quarter, Walmart crushed analysts’ estimates as its ecommerce sales grew by a whopping 97% and U.S. same-store sales climbed 9.3%. The company’s delivery and pickup options like same-day delivery and curbside pickup are getting famous. Walmart has also launched a subscription service in the U.S. to compete with Amazon Prime.

JD.com

JD.com is a Chinese e-commerce company that is performing extremely well over the last few months. In August, the beat analysts’ estimate for its quarterly results, after which Goldman Sachs added JD stock to its “conviction buy” list and upped its price target to $85 from $73.

Goldman’s analyst Ronald Keung praised JD’s expansion from discretionary to staples.

JD is known for its strong logistics network and warehouses. The company is the second-biggest ecommerce player in China after Alibaba. It has its own warehouses and logistics, unlike Alibaba that acts more like an intermediary between buyers and sellers. JD.com’s active customers in the 12 months grew 30% year over year to 417 million, the company’s highest growth rate in almost a year.