Shopify Inc. (NYSE: SHOP) is a technology company that develops and operates a cloud-based e-commerce platform specifically aimed at small and medium businesses. Its software can be utilized to create digital storefronts, host marketing campaigns, handle payments and inventory, and provide extensive customer relationship management. With an all-in-one solution for smaller businesses that lack capital, it has become one of the most popular e-commerce solutions today. The company’s stock has outperformed many of its peers.

Over the previous year, Shopify stock has grown more than 160%, and analysts predict that there’s more room for expansion. With an average target price of $1,137.83, there could be a significant upside for investors. With an even bigger high-end target price of $1,450.00, new investors could potentially enjoy huge returns in 2021. Shopify’s sales and income have grown for five consecutive years, and the company has been consistently improving its EBITDA margin. The company became profitable in 2020, and earnings are forecast to improve by at least 34% over the next year.

For the potential price upside and the company’s bottom-line growth, this is one of the most compelling stocks to watch in 2021.

Key Data:

• 1 Year Price Growth: 55%
• YTD Price Growth: -3.49%
• 3 Month Price Growth: 91%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.

JPMorgan Chase & Co. (NYSE: JPM) is a global financial services company that manages assets worth more than $3.2 trillion. It is involved in investment banking, commercial banking, financial transaction processing, financial services for business, and asset management.

In the company’s most recent quarter, it beat analyst earnings estimates by reporting $2.92 per share from revenue of $29.9 billion. While revenue only matched the same period a year ago, it was still an impressive result considering the global economic situation and headwinds created by the Coronavirus Pandemic. Notably, the company reduced loan losses by $569 million in the third quarter, significantly reducing its risk moving forward.

Regulators halted share repurchases in the finance industry in 2020, but JPMorgan will resume repurchases this year. This could help to create increased value for existing shareholders. With high-end price targets reaching as high as $164.00, and a 2.74% dividend yield, this is one of the best financial stocks for income and growth investors.

Key Data:

• 1 Year Price Growth: -4.29%
• YTD Price Growth: 53%
• 3 Month Price Growth: 25%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.

Target Corp. (NYSE: TGT) remains one of the most compelling retail stocks for investors, hitting new records in 2021. The stock is already up 10.62% in the year to date, thanks to strong sales and growth data. Here’s why investors should consider it as one of the best stocks to watch in the new year.

In the third quarter, Target blew past analyst predictions with earnings per share of $2.79, compared to the Wall Street consensus of $1.60. Revenue was $22.63 billion, almost $2 billion more than analysts expected. Same store sales increased by 20.7% in the third quarter, showing strong demand for consumer goods.

Target has adapted to the Coronavirus Pandemic with increased investment in its online sales model along with changes to how it interacts with customers in-store. The company is well-positioned to deal with future potential lockdowns thanks to its eCommerce focus.

The stock has rallied in the year so far and there is likely room for expansion, with a high-end estimated price of $212.00. The stock also returns a dividend with a yield of 1.39% today. With America’s economic recovery ongoing, this is a consumer-facing company with one of the strongest retail stocks.

Key Data:

• 1 Year Price Growth: 90%
• YTD Price Growth: 62%
• 3 Month Price Growth: 89%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.