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:
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.

rising arrow with flames

Source: Getty Images

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

fast shopping cart in grocery store
Dividend Stocks

A TFSA Stock With a 7% Yield and Reliable Monthly Paycheques

A look at a TFSA stock offering a 7% yield and reliable monthly paycheques, helping investors build steady passive income…

Read more »

woman checks off all the boxes
Dividend Stocks

A Monthly-Paying TSX Stock With a 7% Dividend Yield Worth Adding to Your Radar

Strong leasing activity and resilient grocery-anchored properties are helping this TSX-listed monthly dividend stock stand out.

Read more »

Abstract technology background image with standing businessman
Energy Stocks

1 TSX Stock Set to Soar in 2026 and Beyond

Up by over 230% in the last year, this TSX stock might have plenty more upside left for investors to…

Read more »

Canada day banner background design of flag
Dividend Stocks

Top Canadian Stocks to Buy With $5,000 in 2026

Given their strong financial performances, healthy growth prospects, and consistent dividend payouts, these two Canadian stocks offer excellent buying opportunities…

Read more »

Data center woman holding laptop
Investing

2 Canadian AI Stocks Poised for Significant Gains

These Canadian stocks are well-positioned to capitalize on accelerating AI infrastructure spending and deliver solid gains.

Read more »

financial chart graphs and oil pumps on a field
Energy Stocks

Canadian Natural Resources vs. Enbridge: Which Dividend Stock Looks Better Today?

CNQ and Enbridge both pay well, but one rides oil prices while the other turns energy demand into steadier dividends.

Read more »

Printing canadian dollar bills on a print machine
Dividend Stocks

Got $14,000? Turn Your TFSA Into a Cash-Gushing Machine

These TSX stocks have the ability to deliver profitable growth and a proven track record of maintaining reliable dividend payouts.

Read more »

Aerial view of a wind farm
Dividend Stocks

The 2 Stocks I’d Combine for a Strong TFSA Strategy in 2026

These picks both trade undervalued and have a tonne of long-term potential, making them two of the best stocks to…

Read more »