2024-03-26 13:52:31 ET
Summary
- Shopify Inc.'s share price performance since the last earnings release is a major warning sign for investors.
- In spite of Shopify's spectacular growth story, the pressure to deliver adequate GAAP profitability is rising.
- Management should take notice of recent success stories within the software sector and amend its strategy accordingly.
As one of the highest growth names in the large-cap application software space, Shopify Inc. (SHOP) stock has enjoyed a major tailwind on its back since November of last year....
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Shopify: A Growth Story That Needs A Shift In Course