Of course, a number of factors can change an investor’s position, and there’s a big difference between being patient and being stubborn. That said, the following two companies are TSX growth stocks that I have touted as winners for many years, and this thesis has paid off well.
This is why I think these companies’ upside trajectories will remain intact through 2026 and for years to come.
Shopify
If I’m going to compile a list of stocks with serious growth potential in 2026 and beyond, I can do better Shopify (TSX:SHOP) as one of my top picks.
Just look at that diagram above. It’s a beautiful thing. The point is that as investors zoom out a little further, returns start to look more like a parabola. For long-term investors who have stuck with this name, that’s great.
This is one of those companies where I think if investors buy into a core thesis (in this case, e-commerce growth continues to outpace that of brick-and-mortar retail, and Shopify’s dominant market share in this area holds steady or grows), it will be a long-term winner. You just have to give it time.
That is a position that has certainly been played out. And with spending trends lately pointing very clearly toward e-commerce continuing to take a much larger share of total consumer spending (growing at double-digit rates this Thanksgiving season compared to brick-and-mortar stores, which grew between 3% and 4%), Shopify remains a buy. It’s that simple.
Boyd Group
In the past I have preached Boyd Group (TSX:BYD) as a pure growth stock worth buying, in part because of its fairly consistent and stable upside trajectory.
As you’ll see in the stock chart above, that growth trajectory has recently been broken. In fact, this is a stock that now looks like a laggard, and has done so for almost two years in a row.
That’s not to say the Boyd group can’t return to its winning ways. In fact, I’d argue that investors should zoom out on this chart to see how meaningful Boyd’s growth has been over the long term.
I think the key to this company’s future growth potential comes down to organic growth. Deal flow for new acquisitions has slowed, with Boyd growing mainly through acquisitions in the auto body sector. However, I think the company’s existing square footage and its prominent market share in key areas provide the kind of pricing power that should be supported by aging vehicles on the road.
As more and more people want to keep our vehicles longer, we will have to have them repaired. And we’re going to do that by visiting a Boyd location (under one of several banners in North America), since this is the company we should consider.
#growth #stocks #skyrocket