3 Reasons to Buy Shopify Now
Few growth stocks have been hit as hard in the market sell-off as Shopify (NYSE: SHOP).
Shares of the e-commerce software leader have plunged 80% in just six months as a combination of shifting market sentiment, slowing growth in e-commerce, and declining valuations in the software-as-a-service sector have all shredded the stock.
Even after that plunge, it's still hard to call Shopify cheap. It trades at a price-to-sales ratio of 7 based on trailing results, and its price-to-earnings ratio is well into the triple digits.
Source Fool.com
