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Air Canada (TSX:AC) and Shopify (TSX:SHOP) really stand out as battered bargains with a lot of runway if they’re to see their now seemingly distant all-time highs again in the near future. Indeed, Air Canada has flown into turbulence since the 2020 stock market crash, while Shopify fell off a cliff in late 2021 and the first half of 2022.
Shopify stock: How much hotter can the e-commerce kingpin get?
As for Shopify, it’s been a darling of late, surging around 71% in the past year alone. Despite the run off its lows, shares are nowhere close to their 2021 peak levels. At $108 and change, the stock needs to essentially double to see new highs again.
Though unlikely in 2024, I do think SHOP stock is more than capable of breaching new heights as it continues to empower its merchants with impressive new technologies. As Shopify shifts gears from logistics to other tech (think generative artificial…
