Is Shopify Stock a Buy?
2022 was a difficult year for Shopify (NYSE: SHOP) investors. Slowing growth and ballooning losses convinced Wall Street to step away from the stock, mainly on fears that a recession will make things worse in 2023.
Those worries either could be wrong or underestimate the challenges ahead for the e-commerce platform. With those opposing possibilities in mind, let's look at whether the stock is a good buy for investors today.
Shopify's last earnings report was a mixed bag for shareholders. The good news is that the platform continues to attract more merchants and buyers. Sales were up 22% year over year in the Q3 period that ended in late September; over the past three years, they've risen at a compound annual growth rate of 52%.
Source Fool.com
