Is Shopify Stock a Buy Now?
It's clear today that Shopify's (NYSE: SHOP) business is going through more than just a modest growth hangover period following pandemic-related demand surges in 2020 and 2021. The e-commerce platform is shaking up its management team, projecting bigger losses ahead, and posting weaker engagement metrics.
Yet the plunging stock price reflects those bearish trends and might create a great buying opportunity for investors who believe Shopify will maintain its leadership position. Let's take a look at whether the stock can generate market-beating returns for investors from here.
Shopify is a much stronger business than it was just a few years ago. Sales have expanded at an over 50% compound annual rate since mid 2019, reflecting market share growth in a soaring e-commerce niche.
Source Fool.com
