The stock now trades well below its consensus analyst target price of nearly $1,900. Over the last few weeks, shares have lost 30% of their value. Plus, in addition to all the long-term growth potential Shopify offers, the stock is also significantly undervalued today. The e-commerce industry is one of the best long-term growth industries, and Shopify is at the centre of all that momentum. Shopify is well known to be one of the most revolutionary tech stocks in Canada. My top stock recommendation for April has got to be Shopify (TSX:SHOP)(NYSE:SHOP). This is one stock that has given investors an excellent opportunity to load up for the future.įool contributor Jed Lloren owns shares of Docebo Inc. Those are two very impressive companies that speak to the quality of Docebo’s offering. In its short history, the company has managed to land an integration with Salesforce and a multi-year partnership with Amazon. Docebo is quickly emerging as a leader in its industry. It’s safe to say these past few months have been a steady correction after a red-hot 2020. However, it’s still up more than 275% over the past year. Year to date, the stock has fallen around 35%.
Not only is the company one of the more interesting growth stocks on the TSX, but it’s also a timely buy today. My top stock for April is Docebo (TSX:DCBO)(NASDAQ:DCBO). That represents a strong 5.8% yield.įool contributor Ambrose O’Callaghan has no position in any stocks mentioned. Moreover, it offers a quarterly dividend of $0.87 per share. Shares of TC Energy possess a favourable price-to-earnings ratio of 12. It took a hit due to the loss of the permit for the Keystone XL Pipeline but still has a deep project pipeline. TC Energy put together a strong 2021 in the face of very challenging conditions. WTI crude looks to be on the rebound after suffering a dip in the last days of March. The optimism for a global recovery has built momentum for oil and gas prices in late 2020 and early 2021. Its shares had climbed 15% in 2021 as of mid-afternoon trading on March 29. The Calgary-based company develops and operates energy infrastructure in North America. My top stock for April 2021 is TC Energy (TSX:TRP)(NYSE:TRP). I think now is finally BlackBerry’s time to begin to really shine.įool contributor Karen Thomas has no position in any of the stocks mentioned. In fact, I expect that BlackBerry’s traction in the cybersecurity and car connectivity industries will solidify in 2021 and beyond. And these fundamentals are nothing short of spectacular.Īward-winning technology, a strong financial position, and exposure to two of the biggest growth industries are the key themes of BlackBerry’s top pick status. After flying high in a Reddit-induced buying frenzy, we can now focus on Blackberry’s fundamentals once again. And it’s for this very reason that I can recommend this stock once again. Well, BlackBerry (TSX:BB)(NYSE:BB) stock is falling … and fast approaching $10. Its recent acquisition of CRH Medical will pave the way for better access.įool contributor Stephanie Bedard-Chateauneuf has no position in any of the stocks mentioned. WELL Health is looking to enter the lucrative U.S. EBITDA was $0.77 million compared to a loss of $0.31 million a year earlier. Quarterly revenue was $17.2 million, up 75% year over year. In the fourth quarter, WELL Health posted record revenue and its first positive EBITDA in history. Growing demand for telehealth services and its aggressive acquisition strategy have boosted the company’s financials and stock price. WELL Health owns and operates a portfolio of primary healthcare facilities.
WELL Health (TSX:WELL) is my top stock for April. Stephanie Bedard-Chateauneuf: WELL Health So, no matter who you are, this stock looks like an excellent long-term hold.įool contributor Amy Legate-Wolfe does not have a stake in Magna International Inc. Shares are at all-time highs, up 213% in the last year and 486% in the last decade for a compound annual growth rate of 19%. Meanwhile, earnings per share is expected to grow by 261% in the next year after the fall in 2020. Magna has a price-to-sales ratio of 0.8, and a price-to-book ratio of 2.2. Yet the company has drool-worthy fundamentals, making it an ideal value stock. The goal is to support the growing global trend towards vehicle electrification. The company creates car parts but recently created a joint venture with LG Electronics. That leaves an excellent opportunity for Magna International (TSX:MG)(NYSE:MGA) investors. By 2030, EVs will take up the majority of new vehicles created by car manufacturers. But what made investors interested hasn’t changed. Here are their choices: Amy Legate-Wolfe: Magna InternationalĮveryone hopped onto the Electric Vehicle (EV) bandwagon and almost immediately jumped back off. We asked our Foolish writers for their top ideas for April 2021.
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