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Is Shopify Stock a Buy Now?

TheMotleyFool

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Is Shopify Stock a Buy Now?: https://g.foolcdn.com/editorial/images/721583/woman-sitting-in-front-of-computer-in-office-late-at-night-working-job-stress-businesswoman-1.jpg

Investors in Shopify (NYSE: SHOP), a leading e-commerce company, have had a nerve-racking ride lately. The pandemic propelled the stock to an all-time high of $169 in 2021, but the economy's reopening brought it back to the pre-pandemic level of $24 by 2022.

Since then, Shopify's stock price has recovered to $41. Investors who missed the bottom are considering buying into the stock. But is now the best time to buy it to ride the price recovery? Let's explore this further.

Image source: Getty Images.

Source Fool.com

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