4 Reasons to Buy Shopify Now and Hold It Forever
Calling all bargain shoppers: There's an e-commerce champion trading for a fraction of its former price.
The tech stock sell-off has been extra tough on Shopify (NYSE: SHOP) as its bottom line recently took a nosedive. On closer inspection, though, the company's latest earnings report didn't look like something from a business in trouble. In fact, the business appears to be on the edge of another big growth spurt.
Soaring prices for gasoline, groceries, and other items people generally don't shop for online are limiting how much consumers have to spend everywhere else. For this reason alone, the rest of 2022 probably won't resemble the banner year that was 2021. For one thing, the company intends to invest heavily in its fulfillment network, which could be a short-term drag on earnings.
Source Fool.com
