Is Shopify a Buy Now?
Shopify (NYSE: SHOP) just gave shareholders some reasons to reconsider their investment thesis. The e-commerce platform's mid-February earnings report contained signs of improving growth trends and improving profitability. But the company is still losing money and burning through cash.
Does the operating update signal that it's time to consider buying Shopify stock following its slump in 2022? Or are there better options for an investor seeking exposure to e-commerce?
The company's fourth-quarter report was impressive from a growth standpoint. Sales volumes were up 17% after accounting for currency exchange shifts, representing an acceleration compared to the prior quarter's 11% increase.
Source Fool.com
