Skip to content

2 stocks to reach $100 billion market cap in May

2 stocks to reach $100 billion market cap in May

After a period of increased volatility, the stock market is experiencing a short-term resurgence, with technology sector players dominating. 

Indeed, as April draws to a close, several stocks are poised to reach new milestones, such as hitting $100 billion market capitalization. In this regard, Finbold has identified the following two equities likely to reach this threshold in May.


As of April 2024, Starbucks (NASDAQ: SBUX) is close to reaching a market capitalization of $100 billion. With a strong track record of growth and a deep understanding of its customer base, the coffee giant seems poised to reach this milestone in May.

In addition to closely following the general market trajectory, Starbucks is likely to depend significantly on its loyal customer base, bolstered by its loyalty programs. These programs incentivize repeat visits, boosting revenue and fostering a dependable customer pool.

The company also demonstrates an adaptable global strategy. Notably, Starbucks is known for introducing new experiences to keep customers engaged. This extends beyond beverages, with the coffee giant venturing into new territories such as plant-based food options and premium tea lines, catering to evolving consumer preferences.

Meanwhile, the stock has shown resilience despite a dip in mid-April., the after headwinds such as boycotts related to its stance on the Israel-Hamas conflict.

Additionally, SBUX could benefit from the upcoming second-quarter fiscal 2024 results on April 30th. Analysts estimate earnings at 80 cents per share, indicating growth of 8.1% from the previous year. Revenue estimates are $9.15 billion, implying a 4.9% increase from the prior year.

It’s important to acknowledge potential headwinds, such as rising inflation, could pressure Starbucks’ costs and consumer spending habits. Competition in the coffee sector remains fierce, and the company must stay ahead of the curve regarding trends and innovation.

As of the last market close, SBUX was trading at $88.25 with a market capitalization of $99.92 billion, meaning it will only need an upside of 0.08% to clinch $100 billion. 

SBUX five-day stock price chart. Source: Finbold.


Shopify (NYSE: SHOP) also sits just shy of the coveted $100 billion market capitalization mark. Indeed, the chances of Shopify hitting $100 billion are high, considering the stock has shown a resurgence recently after a rough start to 2024. 

Perennial fundamentals that have previously boosted equity are at the core of this projection. For instance, the company is well-positioned to thrive in the rapidly growing online retail space. Its user-friendly platform and innovative Shopify Payments system drive revenue growth. 

With the flexibility to adjust prices and strategic acquisitions, Shopify solidifies its position as a comprehensive e-commerce solution. At the same time, the renewed investor confidence may propel its market cap beyond $100 billion.

Currently, Shopify has been making strategic moves that could boost the business towards the milestone. In recent weeks, the company has hired at least two dozen people from Salesforce as it escalates its push into enterprise e-commerce over the last several years.

SHOP was valued at $71.33 at the last market close, with weekly gains of over 1%. Currently, the company’s market cap is $91.81 billion. Therefore, to reach $100 billion, the stock will need an upside of almost 10%. 

SHOP five-day stock price chart. Source: Finbold.

While external factors such as the economy’s general health will play a role, the mentioned companies’ strong fundamentals and positive sentiments will make attaining the $100 billion market cap milestone a distinct possibility.

Buy stocks now with eToro – trusted and advanced investment platform

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Read Next:

Weekly Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts