Is Shopify Still a Buy After Bouncing From Its Lows?
Investing can be a game of patience; stocks can sometimes hold hefty valuations for months, or even years, before going on sale. E-commerce software company Shopify (NYSE: SHOP) was one of the big winners during COVID-19; shares rose roughly 300% from the beginning of 2020 to last fall.
But all good things come to an end, and the marketwide sell-off of growth and technology stocks over the past several months brought shares down more than 70% from their highs before bouncing over the past week.
So is it too late to buy Shopify? Or has the discount window already closed?
Source Fool.com
