A worker pulls a fork lift at the Amazon Fulfillment Center on August 1, 2017 in Robbinsville, New Jersey.
Goldman’s research team shared its top e-commerce stock ideas in a note to clients Wednesday.
“We are raising our global e-commerce forecasts to reflect the increasing weight of faster growing earlier-stage markets (China, Brazil, India) and categories (Apparel, Grocery) in the mix, as well as the impact of retail store closures, better logistics, and new buying models in more mature markets and categories driving continued share gains,” the firm’s analysts wrote.
Goldman raised its forecast for online sales growth to 21 percent annually from 17 percent for the next three years.
Here are five buy-rated companies recommended by Goldman Sachs to ride the e-commerce trend, along with the firm’s current price targets.