The Ultimate Growth Stock to Buy With $1,000 Right Now

Shopify (NASDAQ: SHOP) has taken its investors on a wild ride in the 10 years since its initial public offering (IPO). The e-commerce services provider went public at a split-adjusted price of $1.70 on May 21, 2015, soared to a record closing price of $169.06 on Nov. 19, 2021, but now trades at about $106.A $1,000 investment in its IPO would have briefly blossomed to $99,447 at its peak, but would still be worth about $62,350 today. That 62-bagger gain would have easily beaten the S&P 500's gain of roughly 170% over the past decade.Let's see why Shopify outperformed the market -- and why it might still be the ultimate growth stock to invest another $1,000 in right now.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool