The e-commerce industry shows remarkable resilience in the face of global challenges. Projections point to a steady 9.47% compounded annual growth rate until 2029.

This exponential growth potential bodes well for select e-commerce stocks that have consistently outperformed the broader market. Here, we unravel the top contenders in this ever-evolving sector.

Amazon (AMZN)

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Amazon (AMZN), boasting the largest digital marketplace, has consistently showcased impressive revenue growth. In the fourth quarter of 2023, the tech behemoth posted a remarkable 14% year-over-year (YOY) surge in revenue.

With robust double-digit growth rates in both domestic and international sales, Amazon also saw a 13% YOY uptick in its immensely profitable cloud computing segment.

Amazon’s relentless innovation, expansive product range, convenience, and robust shipping network have fortified its market dominance. Beyond e-commerce supremacy, the company’s advertising and video streaming divisions are thriving, promising sustained financial growth.

This stock market maven has been a stellar long-term investment, surging by 85% in the last year and doubling in value over the past five years. Analysts unanimously rate Amazon as a strong buy, forecasting a 16% upside potential based on recommendations from 41 experts.

Meta Platforms (META)

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In the relentless quest for enhanced visibility and sales, e-commerce entrepreneurs consistently turn to online advertising as a prime driver. Enter Meta Platforms (META), an advertising giant perched on the strong buy rating pedestal with a projected 9% stock appreciation.

With a stellar 40% year-to-date gain, Meta Platforms is charting a promising course, underpinned by a newfound focus on profitability. The company tripled its net income in Q4 of 2023, and the introduction of its inaugural dividend underscores its robust financial standing.

Notably, Meta Platforms boasts a 25% YOY surge in revenue, alongside a noteworthy 8% YOY uptick in daily active users across its sprawling social network landscape. The total daily user count has hit 3.19 billion, complemented by 3.98 billion monthly active users, indicating a 6% YOY growth.

Walmart (WMT)