Valuation stretched but hard to argue with the growth rates!I just posted some thoughts on Shopify. Shares up 2300% over the last 5 years! Revenue growing at 50%+ per year, which is just incredible for a company with $1.6B in revenue.
Link below reviews bull and bear case scenarios for the stock - both scenarios based on assigning an earnings multiple to 5 year projected EPS. Bull case drives 35% upside from current levels but does require significant growth - 15% industry growth, plus a tripling of Shopify market share over the period.
Link to full analysis below.
https://ostrichinvesting.com/should-you-buy-shopify-til-you-dropify-shop-stock-investment-research/