Stocks

3 Top Growth Stocks Under $100 With Promising Futures

Published July 27, 2024

Investors seeking to expand their portfolios with growth stocks may find attractive opportunities in companies currently trading under $100. Cost-effective share prices coupled with substantial growth prospects make certain stocks hard to overlook. Three such stocks that are poised for potential growth and expansion in the years to come include Starbucks Corporation SBUX, Shopify Inc. SHOP, and Walmart Inc. WMT.

Starbucks Corporation SBUX

As the preeminent player in the global coffee industry, SBUX stands as a testament to the success of the second wave coffee movement across the United States. Based in Seattle, Washington, Starbucks has grown into the largest coffeehouse chain in the world, crafting a roadmap for scalability and brand loyalty. The company's consistent innovation in menu offerings and customer experience has kept it at the forefront of consumer trends, suggesting that SBUX may experience continued growth and increased market value.

Shopify Inc. SHOP

Emerging as an e-commerce giant, SHOP provides a commerce platform that empowers merchants globally. Headquartered in Ottawa, Canada, Shopify has significantly influenced online retail practices not just domestically, but also in diverse markets including the UK, Australia, and Latin America. The versatility of SHOP's platform and continuous advancement in its services render it a strong contender for extended growth as the digital commerce landscape evolves.

Walmart Inc. WMT

WMT, an established name in the retail sector, operates an international chain of supermarkets, discount department stores, and grocery stores, with its roots deeply planted in Bentonville, Arkansas. Owning and managing Sam's Club warehouses further diversifies WMT's business model. As WMT continues to blend physical and digital retail strategies, it remains well-positioned to capitalize on market trends and scale up its operations, further enlarging its footprint and market value.

growth, investment, potential