3 Smart Reasons to Buy Shopify Stock Right Now

Based on 's (NYSE: SHOP) most recent results, more than $220 billion worth of merchandise will likely be sold on its e-commerce platform this year. That telling metric (along with several others) demonstrates that the software star has cemented its place as the de facto operating system for millions of online businesses around the world.

Shopify reached that level of gross merchandise volume after years of rapid growth, and yet Shopify accounts for just a small fraction of a global online retail market that's projected to top $8 trillion by 2026, according to eMarketer. With so much room for further expansion, this growth story remains in its early innings.

Here are at least three smart reasons why Shopify's stock is a solid buy today.

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Source Fool.com