Shopify Up 85% This Year, Time to Sell the Stock?

Are we on the precipice of a new bull market?

Stocks have soared to start 2023, reversing a lot of the painful losses for investors in 2021 and 2022. Growth stocks have especially rallied, with many stocks greatly outpacing the 15% gains for the S 500 index year to date (YTD). (NYSE: SHOP) is one of these growth companies.

Shares of the e-commerce software and payments platform have popped 85% YTD, with the stock now sporting a market cap of $83.5 billion. Since the company went public in 2015, shares are up 2,200%, making it one of the top-performing stocks worldwide over that time span, especially for large-cap companies.  

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Source Fool.com