Timing the market may be virtually impossible, but these rapidly growing businesses look poised to rebound.
Considering this, many investors might think the company is floundering, but Shopify is still performing well. In the first quarter of 2022, Shopify posted a 22% year-over-year revenue expansion to $1.2 billion as it helped over $43 billion in gross merchandise volume get sold by e-commerce merchants. Shopify has tools that help merchants build, run, and grow their e-commerce operations.
If you have many years ahead of you, investing now can reward you later. In a very simplified example, adding $50 a month and assuming 10% interest can turn your investment into six figures in just over 30 years. Global-e (NASDAQ: GLBE), Ally Financial (NYSE: ALLY), and Revolve Group (NYSE: RVLV) are some excellent choices that have the potential to be multibaggers.