Is Shopify Stock a Buy?
Shopify (NYSE: SHOP) has built its company on enabling businesses to launch e-commerce sites. The platform's ease of use has made it one of the top companies in this niche. As a result of this popularity, the stock price has seen a massive surge over the last five years, especially in the past year as e-commerce sites were in high demand as part of efforts to deal with the coronavirus pandemic.
Shopify's market valuation has been inflated by this enthusiasm for the stock. But with the pandemic restrictions easing, as well as the need for e-commerce alternatives, is the stock still a buy at suck elevated valuation levels?
Let's take a look and try to figure out if Shopify stock is still a buy.
Source Fool.com
