Is Shopify Stock a Buy After Its Blistering Retreat?
Shopify (NYSE: SHOP) stock cratered on Wednesday, tumbling as much as 19%, driven lower by management commentary included in the company's fourth-quarter financial report. The missive confirmed what many had long suspected -- that the rapid pace of e-commerce adoption would decelerate.
In a case like this, however, context matters. The company provided guidance for 2022 only in the broadest sense of the word, saying it expects "year-over-year revenue growth to be lower in the first quarter of 2022 and highest in the fourth quarter of 2022."
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Source Fool.com
