10 Best Stocks to Invest in According to AI

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9. Shopify Inc. (NYSE:SHOP)

Number of Hedge Fund Holders: 56     

Stock Return Over Past Six Months: 85% 

Shopify Inc. (NYSE:SHOP) is a commerce company that provides a commerce platform and services worldwide. Analysts at investment advisory RBC Capital have backed the company to beat earnings expectations in the upcoming quarterly report. Analyst Paul Treiber recently said that data from several third-party sources indicates Shopify’s Q4 earnings numbers are likely to land above consensus expectations due to GMV and margin strength. Strong reads on e-commerce spending and job postings suggest an earnings beat, despite merchant growth appearing to have incrementally slowed, the analyst stressed in an investor note.

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