Where Will Shopify Be in 5 Years?
Shopify (NYSE: SHOP) went public nearly five years ago at $17 per share. Today, the e-commerce service provider's stock trades at about $520 a share, and initial investors are now sitting on a 30-bagger return.
Shopify dazzled investors with its robust growth in revenue, which consistently surged by high double digits, and merchants, which rose from 162,261 in early 2015 to over a million in 2019. The bears, who warned that Shopify wasn't consistently profitable and that its stock was trading at frothy valuations, were repeatedly proven wrong. But can Shopify's growth streak continue over the next five years? Let's take a look.
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Source Fool.com
