Shopify vs Wayfair: Which E-Commerce Stock Could Continue to Rise in 2021?
Heading into the last week of 2020, a year that witnessed an
unprecedented pandemic, the S&P 500 is up 14.6% year-to-date.
Among the stocks that have significantly outperformed the broader
market this year are two e-commerce players, Shopify and Wayfair.
Both stocks have risen by triple digits this year, but will the
rally continue? With COVID-19 vaccines being rolled out, certain
analysts believe that “stay-at-home” stocks might not continue to
benefit from pandemic-induced tailwinds, and the revenue growth of
these companies could slow down next year.