SHOP - 4 Must-Know Facts About Shopify Before You Buy the Stock
2024-03-03 10:30:00 ET
Shopify 's (NYSE: SHOP) fourth-quarter financials came in better than expected. But soft guidance sent shares of the e-commerce platform lower as they're down almost 17% from their 2024 peak.
Investors might be thinking about taking advantage of the recent dip to add Shopify to their portfolio. But before doing so, here are four things you need to know about this top e-commerce stock .
Shopify provides the tools that allow anyone in 175 countries to quickly set up an online storefront and start selling products. Besides payment processing and checkout capabilities, the business also offers inventory management, shipping, marketing, and the ability to sell via different channels. Plus, Shopify has a developer ecosystem and app store that merchants can use to fit their specific needs.
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4 Must-Know Facts About Shopify Before You Buy the Stock