It has now been a little more than a year since Shopify (NYSE: SHOP) stock began its recovery from the 2022 bear market that wiped out more than 85% of its value. Since reaching an intraday low of $23.63 per share in September 2022, the stock is up almost 240%.

That increase likely leaves new investors and current shareholders wondering what to do about the tech stock. At current levels, can the stock keep moving higher, or has it reached another point of overvaluation as it did in 2021? If it is overvalued, should current shareholders stay in the stock? Investors will need to answer such questions to determine their next steps.

Shopify has stood out in the crowded field of e-commerce platforms in two critical ways.

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Source Fool.com