Shopify's Future Is Bright Despite Its Recent Selloff
Shopify (NYSE: SHOP) shares rallied from March 2020 through most of 2021 as companies counted on e-commerce software to grow and manage their businesses. COVID-19 expedited the shift toward a digital retail environment, serving as a substantial boost to Shopify's sales. As pandemic threats alleviate, some investors argue that demand for Shopify's services will face significant downward pressure for the foreseeable future.
As long-term investors, it's important to ignore near-term noise and focus on the fundamental outlook of a business. In fact, short-term headwinds that lead to share prices falling often present the best buying opportunities for prudent investors. With that in mind, let's examine Shopify's long-term investment profile and whether or not investors should consider buying the stock today.
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Source Fool.com
