Is It Too Late to Buy Shopify Stock?
Shopify (NYSE: SHOP) has generated massive returns since its public debut in May 2015. A $10,000 investment in the Canadian e-commerce services company's IPO would be worth more than $820,000 today.
Shopify was also a great stock to hold during the pandemic. It rallied 185% in 2020 as more merchants set up online stores throughout the crisis. The stock price advanced another 29% in 2021 even as the skeptics fretted over its post-pandemic slowdown and its bubbly valuations.
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Source Fool.com
