Is Shopify Stock Still a Buy in 2021?
Shopify (NYSE: SHOP) continues to remain on investors' shopping lists. As the pandemic increased the need for e-commerce retail, Shopify helped to improve the lot of merchants and investors alike. However, the rising popularity of both the platform and the stock has taken the valuation to new highs, leaving investors wondering whether Shopify stock is a buy at current levels.
Retailers have often chosen Shopify because they can set up a store without hiring a developer. Others turned to the platform as acquisitions brought new capabilities to the Shopify ecosystem. Adding 6 River Systems in 2019 made the Shopify Fulfillment Network more efficient with its expertise in robotics and software. Moreover, partnerships with platforms such as Amazon also increased its appeal by allowing merchants to reach more customers.
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Source Fool.com
