5 Reasons It's Not too Late to Buy Shopify Stock

It may seem counterintuitive to invest in a company after its share price has grown multiple times in value. Psychologically, it feels much better to buy a beaten-down stock -- but sometimes those stocks have been beaten down for a reason.

Many of my most rewarding investments are stocks that I've bought repeatedly, even as the share prices skyrocketed. One great example is Shopify (NYSE: SHOP). Over the last 5 years, the share price has surged 2,930%, but I still think this stock is worth buying today.

Here are five reasons Shopify belongs in your portfolio.

Source Fool.com