If Shopify Passes This Test, the Stock Could Soar
For the first time in 12 years, Shopify (NYSE: SHOP) is raising prices.
The e-commerce software peddler hiked rates on its Basic, Shopify, and Advanced tiers by about 33%, leaving the most expensive Shopify Plus plan untouched at $2,000 a month.
The move comes after Shopify has been rocked by the pandemic hangover as e-commerce growth slowed dramatically last year after booming in 2020 and 2021. That was true not just for Shopify, but also peers like Amazon and Etsy.
Source Fool.com
