Here's the Next Stock I'm Going to Buy
Owning shares of entrepreneur-enabler Shopify (NYSE: SHOP) has been one of the wildest rides I have ever been on as an investor. After watching its shares rise over 100 times in value from its initial public offering (IPO) price in 2015, Shopify has since seen its shares drop over 80% from their peak.
Between growth stocks falling under intense scrutiny, the company lapping pandemic-boosted results, and significant investments in its operations weighing heavily on profitability, the market's overall outlook on Shopify has soured.
However, thanks to the three reasons below, Shopify looks more appealing than ever, making it my next purchase in November.
Source Fool.com
