Kickstarting your investment journey can be both exciting and scary at the same time, and if you're new to investing, you may not know where to even begin. However, one thing is for certain -- stocks set to beat the market over the next 12 months serve as the perfect foundation for any kind of investor.

Now, let's take a deep dive into a great stock that could be just the right addition to your portfolio.

Ottawa, Canada-based Shopify Inc. is a leading global commerce platform that helps in starting, scaling, marketing, and running a business of any size. Its platform and services are engineered for simplicity and reliability, while delivering a better shopping experience for customers everywhere.

SHOP was added to the Zacks Focus List on September 6, 2022 at $29.94 per share. Since then, shares have increased 328.96% to $128.43.

One analyst revised their earnings estimate upwards in the last 60 days for fiscal 2025. The Zacks Consensus Estimate has increased $0 to $1.4. SHOP boasts an average earnings surprise of 14.9%.

Earnings for Shopify's are forecasted to see growth of 7.7% for the current fiscal year as well.

Because stock prices react to revisions, buying stocks with rising earnings estimates can be very profitable. Focus List stocks like SHOP offer investors a great opportunity to get into a company whose future earnings estimates will be raised, potentially leading to price momentum.

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Shopify Inc. (SHOP) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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