(US) Grow with SHOPIFY (SHOP)
According to The Motley Fool, here's what you need to know on Shopify (SHOP):
Shopify (SHOP | E-commerce): USD41.470
The company is well positioned to regain its momentum when economic conditions improve. Shopify is a cornerstone of the growing digital retail industry. If Shopify grows revenue at 25% annually over the next five years -- a reasonable estimate given its annualized revenue growth of 53% over the last five years -- its share price could double without any change in its price-to-sales ratio.
Stock price taken as of 10 March 2023
Source: The Motley News, 12 March 2023
