(NYSE: SHOP) stock rarely goes on sale. Since the company went public in 2015, shares have nearly always traded above 15 times sales. At their peak, Shopify shares were priced at an astounding 60 times sales.

After a sharp correction, however, Shopify stock now trades at its cheapest valuation in years. Shares are already on the rebound but remain 53% below their previous highs.

If you want to buy a terrific growth stock at a sizable discount, keep reading.

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Source Fool.com