3 Things About Shopify Stock That Smart Investors Know
Wall Street seems to have changed its tune about Shopify (NYSE: SHOP) stock in recent days. Yes, the shares are still in deeply negative territory for 2022. But the stock price jumped by double-digit percentages after Shopify announced its third-quarter earnings results last week.
That report didn't do much to change the negative profit trend that has pressured the stock over the last year. But long-term investors have some good reasons to remain optimistic about Shopify and the wider e-commerce software industry. Here are three of them.
Like all of its peers, Shopify is seeing the effect of a pullback in e-commerce demand following pandemic-related surges in 2020 and 2021. Year-over-year revenue growth has slowed to its weakest rate on record. But it's still growth.
Source Fool.com
