This month's pullback in market indexes, particularly in tech, has weighed heavily on the stock prices of some of tech's best performers this year. One of those stocks is e-commerce platform provider (NYSE: SHOP). Though shares are up about 55% year to date, they're notably down about 20% this month.
With the stock pulling back so substantially, some investors may be wondering if now is a good time to buy it. After all, the company reported better-than-expected second-quarter results earlier this month, featuring accelerating top-line growth.
To help investors consider whether they should buy shares today, here's a look at Shopify's second-quarter update and the stock's valuation.
Source Fool.com