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Bank of America Merrill Lynch's research team shared its top e-commerce stock ideas in a note to clients Tuesday.
"We view global eCommerce as a strong secular growth theme that still has five to ten years to play out," analyst Justin Post wrote in the report.
The analyst gave his five key reasons why e-commerce will continue to gain retail market share:
As a result, the analyst predicts online global retail sales will rise 20 percent this year to $2.08 trillion. Post also forecasts 18 percent e-commerce sales growth in 2018.
Here are three buy-rated companies recommended by Bank of America Merrill Lynch to ride the e-commerce trend, along with the firm's current price targets.