E-commerce stocks are the shares of companies in the electronic commerce sector.

These businesses often run online retail platforms where clients may purchase and sell goods and services over the internet.

Investing in e-commerce stocks might provide investors with an opportunity to profit from the expansion of online shopping and the expanding use of the internet for commerce.

Investors may be drawn to e-commerce stocks for a variety of reasons.

Specifically, the e-commerce sector has grown significantly in recent years as more and more consumers purchase goods and services online.

This expansion has resulted in higher revenues and profits for many e-commerce companies, which might be appealing to investors searching for equities with great financial performance.

Overall, e-commerce stocks have the potential to provide investors with both substantial financial returns and long-term growth and stability.

Given this, let’s take a look at three e-commerce stocks that are now surging in the stock market.

Shopify (SHOP)

To begin, Shopify Inc. (SHOP) is a Canadian e-commerce firm that offers a platform for businesses to construct and operate their own online stores.

The Shopify platform enables businesses to sell their products online, in-store, and on social media, as well as manage inventory, process payments, and ship orders.

Other services provided by the corporation include point-of-sale systems (POS), payment processing, and financing alternatives.

Shopify stated last month that its merchants experienced a record-breaking Black Friday in terms of sales. In particular, the corporation announced record-breaking Black Friday revenues of $3.35 billion.

This is a 17% increase year over year. Additionally, last month, Shopify also recorded record-setting Black Friday, and Cyber Monday revenues in the sum of $7.5 billion. This is a 19% increase in revenues compared to the same period in 2021.

Moving on, SHOP stock has recovered 23.52% in the last six months, but shares are still down by 71.65% year to date.

Furthermore, during Tuesday’s afternoon trading session, SHOP stock is trading 0.96% higher on the day at $38.75 per share.

JD.com (JD)

The following firm is JD.com Inc. (JD), a Chinese e-commerce company that offers an online retail platform.

Next, the company is one of China’s largest e-commerce companies. JD.com also sells a wide variety of products, including electronics, household goods, and clothing.

In addition, the company has its own logistics network, which allows it to provide same-day and next-day delivery in many places.

JD.com announced a beat for its Q3 2022 financial results in November.

In detail, the corporation posted third-quarter 2022 earnings of $0.82 per share and revenue of $34.2 billion.

For reference, Wall Street’s consensus projections for the quarter were earnings of $0.61 per share on revenue of $33.8 billion.

JD stock has risen 13.46% in the previous month of trade, but shares of the company are still down 15.56% year to date.

Furthermore, JD stock is trading 0.44% higher on the day at $57.67 per share during Tuesday’s afternoon trading session.

Target (TGT)

Lastly, Target Corporation (TGT) is a retail firm based in the United States.

The corporation owns and manages a chain of department and discount stores.

Target sells a wide variety of things, including apparel, housewares, electronics, and groceries.

In the United States, the firm runs over 1,800 locations. Target also has an online presence, with customers able to shop on its website and mobile app.

Target disclosed a miss for its third-quarter 2022 financial and operating results last month.

Target declared earnings of $1.54 per share and revenue of $26.5 billion for the third quarter of 2022.

This compares to analysts’ consensus projections for the quarter, which called for earnings of $2.15 per share and revenue of $26.4 billion.

TGT stock has fallen 13.23% in the last month of trade.

Meanwhile, Target stock is trading 0.21% higher at $150.34 per share on Tuesday afternoon.

Having said that, could this be an excellent opportunity to buy TGT stock at these prices?

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