Few stocks better paint a picture of a pandemic hype stock and a crash back down to reality than Shopify (NYSE: SHOP). On March 1, 2020, a share of Shopify traded for about $46. A year and a half later, the stock topped out at nearly $170 a share. These days, it trades below its pre-pandemic level at around $30 per share. That's quite a roller-coaster ride for shareholders.
But very little of what happened to Shopify stock in the past matters now; it's all about what's ahead for this Canadian sales platform operator that offers ready-made solutions to companies needing e-commerce as well as retail point-of-sale systems. Investors seem to be divided on the potential for this company and its stock.
Let's dive into Shopify's bear and bull case and see if either side has a better argument.
Source Fool.com