Shares of Shopify (NYSE:SHOP) have fallen 40% so far in 2022 after management said growth would be slower than in 2021. The announcement came in conjunction with macro concerns regarding rising interest rates and the fallout from the war in Ukraine, which likely exacerbated the Shopify stock sell-off.
If you invest for the longer term, a sell-off like this is a buying opportunity.
Revenue is growing fastShopify’s annual revenue has grown at a fast rate since going public in 2015. The e-commerce platform revenue has grown more than 4,000% over the past 12 ...
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Why Shopify Stock Is Still a Buy