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Down 25% in 2022 Already, Is Shopify Stock a Buy?

TheMotleyFool

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Down 25% in 2022 Already, Is Shopify Stock a Buy?

Shopify (NYSE: SHOP) is starting 2022 on a sour note. The stock is down 25% already in the new year. The e-commerce enabler has been a prime beneficiary of the coronavirus pandemic as millions of folks looked to shop online.

As economies started reopening in 2021, Shopify started losing momentum. Still, the longer-run trend of more shopping moving online is unlikely to reverse. So, down 25% already in 2022, is Shopify stock a buy?

Image source: Getty Images.

Source Fool.com

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