What Is One of the Best Growth Stocks to Buy Now?

Core Insights - Shopify's stock has surged 86% over the last year, nearing all-time highs, indicating strong market performance and positioning as a leading platform for small businesses to establish online stores [1][2] - The company has shown excellent execution with new features like tax tools and business-to-business sales, reflecting a commitment to innovation and customer value, which drives revenue growth [2] Financial Performance - Shopify's revenue accelerated in Q3, growing 32% year-over-year, compared to 31% in the previous quarter, suggesting it is becoming the default choice for entrepreneurs seeking an online sales presence [4] - The company has a market capitalization of $198 billion and a gross margin of 48.57% [3][4] Market Position - Despite significant growth, Shopify controls only about 12% of the $6 trillion global e-commerce market, indicating substantial long-term growth potential [5]