3 Reasons to Buy Shopify, and 1 Reason to Sell
Some investors have gotten nervous about Shopify (NYSE: SHOP) in recent months. Shares of the e-commerce and payments platform are down 50% so far in 2022 after management said growth would be slower than in 2021. This announcement came in conjunction with the macroeconomic worries about interest rate hikes and the fallout from the war in Ukraine, which likely exacerbated the sell-off in Shopify shares.
If you have a long-term time horizon, sell-offs like these can provide buying opportunities. Here are three reasons to buy Shopify stock, and one reason to sell.
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Source Fool.com
