3 Reasons to Buy and Hold This E-Commerce Stock
Shopify (NYSE: SHOP) has been an incredible investment. The stock is up more than 800% over the last three years, substantially outperforming the broader market. Those big returns are the result of several factors, ranging from the company's great culture to the increasing popularity of online shopping.
Importantly, all of the things that make Shopify great are just as relevant today as they were three years ago, if not more so. That's why, even after those massive gains, Shopify still looks like a good long-term investment. Here are three reasons to buy and hold this e-commerce stock.
Shopify makes it possible for anyone to become an entrepreneur. Its platform allows merchants to start selling online for as little as $9 per month. And for those willing to spend a little more, Shopify offers solutions for inventory management, payment processing, shipping and fulfillment, and marketing and analytics, and the ability to manage multiple storefronts from a single backend.
Source Fool.com
