12 Best E-Commerce Stocks to Buy According to Analysts

7. Yunji Inc. (NASDAQ:YJ)

Analyst Upside: 81.82%

Number of Hedge Fund Holders: N/A

Based in China, Yunji Inc. (NASDAQ:YJ) is involved in the social e-commerce business and conducts its operations primarily through a membership-based model. It offers products across a range of categories, catering to the daily needs of its customers. It distributes its products mainly through the Yunji Application app and web pages available on major social platforms in China, including WeChat, QQ, and Weibo.

Its total revenues for fiscal Q3 2024 amounted to around $12.4 million, lower than last year. A significant factor behind this decrease was the company’s continued strategy to refine its product selection across all categories and optimize its selection of merchants and suppliers. This had a near-term effect on its sales. However, analysts are bullish on the stock despite these short-term headwinds, primarily due to Yunji Inc.’s (NASDAQ:YJ) strong portfolio of healthy and organic food products. It has a repeat purchase rate of 72.7% as of the 12 months that ended on September 30, 2024, reflecting its popularity.

The company is further strengthening its portfolio through strategic collaborations with premium suppliers. Yunji Inc. (NASDAQ:YJ) also has plans to continue exercising prudent capital allocation and expense management strategies while optimizing operational efficiency to create long-term value for its stakeholders. The company ranks seventh on our list of the top e-commerce stocks to buy according to analysts.