Post by
Bertanderson on Jun 17, 2022 7:46am
Undervalued?
Shopify missed analyst estimates and shares have dropped to a two-year low. In the first quarter of 2022, Shopify's revenue growth also continued to slow, as the pandemic forces, rising interest rates, inflation and recession worries continue to wane on e-commerce stocks. Investors will likely not continue to put money into companies that will continue to miss earnings estimates or continue to revise down their earnings. Shopify will be hit hard with their P/E in the nose bleeds. These are uncontrollable factors for the next few years. It's a great company if you are will to wait and possibly take some painful losses in the short term (not sure what that term is, no one does).