Shopify Stock: Bear vs. Bull
Investors don't know quite what to make of Shopify (NYSE: SHOP) stock right now. The company targets a massive market that spans e-commerce and in-person retailing. Yet today it is losing money and it faces increasing competitive challenges. These clashing ideas help explain why the stock was so volatile over the past year.
Against that backdrop, let's take a closer look at the key factors supporting investors' bearish and bullish theses for Shopify stock.
The bearish outlook is holding more sway on Wall Street these days. Shopify just posted significant operating losses for the 2022 year, after all, as operating loss landed at $822 million compared to a $270 million gain in 2021. Sales trends slowed as well. Revenue was up 23% after currency swings are adjusted for, compared to a 57% spike in 2021. Investors are bracing for a further slowdown ahead as revenue growth is projected to fall to 19% in 2023.
Source Fool.com
