Shopify is one of the hottest stocks on the market. The e-commerce platform has been on a tear, with shares up more than 170% in the past year.
Shopify’s success has been driven by strong growth in its merchant base and merchants’ spending on the platform.
Shopify isn’t the only stock that’s been on a hot streak. A number of other stocks have also been on fire, including Crocs (CROX), DocuSign (DOCU), and Zscaler (ZS). These stocks have all seen their shares rise by more than 100% in the past year. Like Shopify, these companies have benefited from strong growth in their businesses.
Crocs has seen strong demand for its shoes as people look for comfortable footwear to wear at home. DocuSign has seen an increase in demand for its e-signature services as businesses move to digital document management. And Zscaler has seen growth in its business as more companies adopt its cloud-based security solutions.
What Other Stocks Are Like Shopify?
There are a number of other stocks that are similar to Shopify. These companies have all seen their shares rise by more than 100% in the past year and have benefited from strong growth in their businesses. Crocs, DocuSign, and Zscaler are all similar to Shopify and are worth considering if you’re looking for stocks that are on a hot streak.
