Here's a Trillion-Dollar Tailwind for Shopify Stock
According to data published by the Census Bureau on Aug 19, second-quarter e-commerce sales in the U.S. were over $220 billion. While this is a big number, it represents just 12.5% of total retail sales in the U.S., suggesting that the e-commerce revolution still has a long way to go. And if e-commerce truly has a lot more room to grow, that's great news for Shopify (NYSE: SHOP).
In this video from Motley Fool Backstage Pass, recorded on Nov 11, Fool contributor Danny Vena talks about his belief that e-commerce penetration could potentially double or more from where it is today. Fellow contributors Jason Hall and Jon Quast agree and, if true, that would grow Shopify's addressable market by over $1 trillion.
Source Fool.com
