Should I Buy Shopify Stock Right Now?

The COVID-19 pandemic is accelerating some trends that existed before the start of the outbreak, including the pivot away from brick-and-mortar sales activity to e-commerce. That behavior change has put Shopify (NYSE: SHOP) in an opportune position to help the many companies who are feeling a more urgent need to move at least some of their operations online in order to stay in business.

Shopify helps businesses by offering software tools to start, grow, and market a retail enterprise of any size. Merchants can use its software to run their business across all sales channels, including web, mobile, social media, and physical marketplaces.

Speaking during a second-quarter earnings conference call about how COVID-19 affected his company, Shopify Chief Operating Officer Harley Finkelstein noted, "It has catalyzed e-commerce, introducing major changes in buyer behavior and pulling forward what retail would look like in 2030 into 2020."

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Source Fool.com