3 Things About Shopify That Smart Investors Know
Most investors don't know every single detail about a stock, but they typically have learned at least a few significant factors affecting the company. For instance, investors in Shopify (NYSE: SHOP) probably know that the Canadian e-commerce platform operator is benefiting from the long-running trend of growth in e-commerce spending, that it recently made a $2.1 billion acquisition of a logistics business, and that management has said the company would be investing all of its gross profits back into operations in 2022.
But it's the details behind the general knowledge that can often make all the difference in making the correct investment decision about a stock. Let's look at these three factors in more detail and see what they really mean for current and potential Shopify investors.
Shopify has been benefitting from some powerful tailwinds from consumers shifting their shopping online. In 2020, 14% of global retail sales were conducted online. That figure is estimated to grow to 22% by 2025 and is up from less than 2% in 2002. Shopify empowers enterprises to establish and grow their online presence. Unsurprisingly it has benefited from the trend of increasing online sales.
Source Fool.com
