Published on 25 Apr 2024 on Insider Monkey via Yahoo Finance

10 Best E-Commerce Stocks To Buy According to Analysts

In this article, we discuss the 10 best e-commerce stocks to buy according to analysts. To skip our analysis of the e-commerce and online retail industry, go directly to the 5 Best E-commerce Stocks To Buy According to Analysts.

E-commerce had been steadily on the rise for a while, but with the onset of the COVID-19 pandemic and subsequent lockdowns worldwide, consumer adoption skyrocketed: year-over-year growth of e-commerce as a percentage of total retail sales surged by 1.6 times in China, 3.3 times in the United States, and 4.5 times in the United Kingdom. In the United States, e-commerce sales penetration more than doubled to 35% in 2020 compared to the previous year, a rate of growth typically seen over a decade. With global internet accessibility and usage continuing to rise, with over five billion users worldwide, the number of online shoppers is steadily growing. Amazon.com Inc (NASDAQ:AMZN) tops the global chart for online retail websites in terms of traffic. The e-commerce behemoth, renowned for its diverse offerings including e-retail, computing services, consumer electronics, and digital content, recorded 6.1 billion direct visits to its .com website in December 2023. On the other hand, in terms of gross merchandise value (GMV), Alibaba Group Holding Limited (NYSE:BABA), Asia's largest online commerce provider, takes the lead.