2 Growth Stocks That Could Skyrocket in 2026 and Beyond

Create portfolio balance and add some growth in 2026 and beyond with these two magnificent Canadian stocks, which look under-owned here.

| More on:
rising arrow with flames

Source: Getty Images

Key Points

  • Shopify's dominance in the e-commerce sector and its consistent market share growth position it as a top-tier growth stock, set to benefit from the continued shift towards online shopping.
  • Despite recent setbacks, Boyd Group's focus on organic growth and strong market presence in the autobody repair space support its potential for long-term gains, driven by increasing demand for vehicle maintenance.

Finding top-tier blue-chip growth stocks to buy in this market is one thing. Of course, sticking with these picks through 2026 for future years is the key.

Of course, a number of factors can change an investor’s thesis, and there’s a big difference between being patient and being stubborn. That said, the following two companies are TSX growth stocks I’ve touted as winners for many years, and this thesis has played out nicely.

Here’s why I think these companies’ upside trajectories will remain intact in 2026 and for years to come.

Shopify

If I’m going to put together a list of stocks with some serious growth potential in 2026 and beyond, I’d better have Shopify (TSX:SHOP) as one of my top picks.

Just have a look at that chart above. It’s a thing of beauty. The thing is, if investors zoom out a little more, the returns start to look more like a parabola. For long-term investors who have stuck with this name, that’s a great thing.

This is one of those companies where I think if investors buy into a core thesis (in this case, e-commerce growth continuing to outpace that of bricks-and-mortar retail, as well as Shopify’s dominant market share in this space holding steady or growing), it’s going to be a long-term winner. You just have to give it time.

That’s a thesis that’s certainly played out. And with spending trends recently pointing very distinctly toward e-commerce continuing to take a much greater share of consumers’ overall spend (growing at a double-digit rate this Thanksgiving season relative to brick-and-mortar, which grew between 3% and 4%), then Shopify remains a buy. It’s as simple as that.

Boyd Group

In the past, I’ve touted Boyd Group (TSX:BYD) as a pure-play growth stock worth buying, in part, due to its rather consistent and stable upward trajectory.

As you’ll note 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 it has been for almost two years straight.

Now, that’s not to say Boyd group can’t get back to its winning ways. Indeed, I’d argue 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 mostly via acquisition in the autobody space. However, I think the company’s existing square footage and its prominent market share in key areas provide the sort of pricing power that should be supported by aging vehicles on the roads.

As more of us look to keep our vehicles longer, we’re going to need to get them fixed. And we’re going to do that by visiting a Boyd location (under one of its various banners in North America), as this is the go-to company to consider.

Fool contributor Chris MacDonald has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Shopify. The Motley Fool has a disclosure policy.

More on Investing

ways to boost income
Dividend Stocks

A Premier Canadian Dividend Stock to Buy in December 2025

Restaurant Brands International (TSX:QSR) is a premier dividend play that's too cheap this holiday season.

Read more »

diversification is an important part of building a stable portfolio
Energy Stocks

1 No-Brainer Energy Stock to Buy With $750 Right Now

Enbridge had a largely excellent year of trading in 2025, and it might be time to shore up on holdings…

Read more »

Canada national flag waving in wind on clear day
Dividend Stocks

Top Canadian Stocks to Buy Right Now With $2,000

Investors can buy price-friendly Canadian stocks for income generation or capital growth.

Read more »

tsx today
Stock Market

TSX Today: Why Canadian Stocks Could Extend Gains on Tuesday, December 23

After the TSX closed above the 32,000 mark for the first time, today’s session will test whether commodity strength and…

Read more »

Investor reading the newspaper
Investing

3 Reasons to Buy Dollarama Stock Like There’s No Tomorrow

Here's why Dollarama is one of the few Canadian stocks that every type of investor can look to buy for…

Read more »

happy woman throws cash
Energy Stocks

Max Out Any TFSA With 2 Canadian Utility Stocks Set for Massive Growth

Looking to max out your TFSA in 2026? Two Canadian utilities offer dependable cash flow today and growth from the…

Read more »

TFSA (Tax-Free Savings Account) on wooden blocks and Canadian one hundred dollar bills.
Investing

The Best Stocks to Invest $2,000 in a TFSA Right Now

As we inch closer to another year of trading on the stock market, here are two excellent holdings to consider…

Read more »

diversification and asset allocation are crucial investing concepts
Dividend Stocks

These Are Some of the Top Dividend Stocks for Canadians in 2026

These stocks deserve to be on your radar for 2026.

Read more »