Undervalued?Hello Shopify shoppers. This just in. Shopify is trading at levels well below the 2020 Covid crash and all the way back to summer 2019. In other words, all the revenue, acquisitions, market share they have experienced over the past three years is worthless in the view of Mr. Market.
I won't even mention the insider buying by the CEO and mgt, over the past month.
Are you seriously telling me, Shopify has not grown over the past 3 years? That the stock is worth the same as the summer of 2019.
My bet- long term value- Buy and hold for 2 years.
Any opinions?
Broker G