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Is Shopify a Good Growth Stock?

Last updated on October 1, 2022 @ 2:42 pm

Shopify is a good growth stock. The company’s share price has quadrupled since its initial public offering in 2015, and its revenue has more than doubled every year since 2013. Shopify’s merchant base has also grown rapidly, from about 100,000 in 2014 to over 1.2 million in 2018.

Shopify is a good growth stock because it is a platform for businesses of all sizes to sell online, and its merchant base is growing rapidly.

The company is benefiting from the growing trend of e-commerce, as well as the shift away from brick-and-mortar stores. Shopify is well-positioned to continue growing at a rapid pace in the coming years.
Is Shopify a Good Growth Stock?

Yes, Shopify is a good growth stock.

Shopify is a good growth stock because it is a platform for businesses of all sizes to sell online, and its merchant base is growing rapidly.

PRO TIP: Shopify is a Canadian e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems.

Shopify stock is not a good growth stock. The company has been embroiled in several controversies, including allegations of poor working conditions at its factories and a lawsuit alleging that it misled investors about the profitability of its business.

The company is benefiting from the growing trend of e-commerce, as well as the shift away from brick-and-mortar stores.

Morgan Bash

Morgan Bash

Technology enthusiast and Co-Founder of Women Coders SF.