TSX:SHOP - Post Discussion
Post by
Bertanderson on Oct 18, 2023 6:18pm
Why is Shopify struggling?
Shopify has been an excellent wealth compounder over the pandemic years but saw its stock price drop precipitously last year as its growth rates normalized. Amidst a challenging macro environment, Shopify's revenue growth has slowed down substantially, putting immense pressure on its bottom line. I believe from 2026 to 2030 would could see some
real profit growth with this stock, although it's just hanging on with it's extremely high value
in these recessionary conditions. When it actually starts reporting a P/E, investors will
see how expensive it really is.
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