20 Best Fintech Stocks to Buy According to Billionaires

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6. Shopify Inc. (NYSE:SHOP)

Number of Billionaire Investors: 16

Number of Hedge Fund Holders: 64

Shopify Inc. (NYSE:SHOP) is a Canadian multinational commerce company that provides a platform for e-commerce. Shopify is the company’s e-commerce platform for online stores and retail POS systems. The company offers products and services that help start, scale, market, and run a retail business of any size. Shopify Inc. (NYSE:SHOP) offers tools for creating online stores, managing inventory, and processing payments to power businesses in over 175 countries. The company offers a suite of financial tools, including Shopify Balance, Shopify Credit, Shopify Capital, Shopify Bill Pay, and Shopify Tax, designed to help merchants manage cash flow, access funds faster, and simplify financial tasks. SHOP ranks among the best fintech stocks to buy.

On February 12, Piper Sandler analyst Clarke Jeffries raised the price target for Shopify Inc. (NYSE:SHOP) from $94 to $104 and maintained a “Neutral” rating. This adjustment reflects the company’s strong performance, particularly in international markets. In Q4 2024, Shopify Inc. (NYSE:SHOP) reported a 31% year-over-year revenue growth and a 26% increase in Gross Merchandise Volume (GMV). The company also achieved a post-pandemic high Free Cash Flow (FCF) margin of 22%. The analyst noted that Shopify Inc. (NYSE:SHOP) is successfully expanding its global presence and achieved international revenue growing over 30% for the second consecutive year. Half of the company’s customer base is now outside Canada and the US. The Europe, Middle East, and Africa (EMEA) region stood out with 35% revenue growth. Despite these positive indicators, Jeffries noted that Shopify Inc. (NYSE:SHOP) is investing in key areas and plans to maintain its current FCF profitability level in the near term, which may limit stock movement.

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