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Is Shopify's Stock a Buy Now?

TheMotleyFool

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Shopify Inc (NYSE: SHOP), a leading e-commerce company, delivered a solid second-quarter 2023 performance, with revenue increasing 31% year over year and cash flows turning from negative $87 million to a positive $97 million.

Despite reporting solid numbers, Shopify's stock price has since fallen 21% after the earnings announcement. Should investors take this opportunity to buy the stock?

Image source: Getty Images.

Source Fool.com