12 Reasons to Buy Shopify Stock and Never Sell
Shopify (NYSE: SHOP) is an incredible company and an even more amazing stock. Over the last five years, shareholders have pocketed over 3,000% returns. If you are feeling left out, don't despair; this e-commerce platform is just getting started. Here are 12 reasons you should make this growth stock part of your portfolio, with an intent to hold forever.
Over 1 million merchants have signed to the Shopify platform as paying customers, and more importantly, they trust the e-commerce platform to ensure their businesses run smoothly. Starting with its first online store, Shopify has always put merchants first. The platform is designed to make it easy to start an e-commerce store, but it is also incredibly robust and scalable to grow with its merchants.
One of the major advantages of being a cloud platform is the company can "see" where merchants get stuck. It uses this information to power its merchant-focused development roadmap to make it ever easier for business owners to manage their online stores. Recent product improvements have been influenced by the coronavirus pandemic, and include a buy-now-pay-later option and expansion of delivery choices including customer pickup.
Source Fool.com
