Shopify: A Top Growth Stock With Potential

Nov. 29, 2022 7:03 PM ETShopify Inc. (SHOP), SHOP:CAAMZN6 Comments
The Asian Investor profile picture
The Asian Investor
17.3K Followers

Summary

  • Shopify Inc. saw record Black Friday sales.
  • Product adoption in Q3 2022 remained strong.
  • E-commerce trends and growing platform size represent deep value for merchants and investors.

Shopify Germany

Sean Gallup

E-commerce platform Shopify Inc. (NYSE:SHOP) reported record sales for Black Friday over the weekend, which saw revenues of $3.36B, showing an increase of 17% year-over-year. Shopify also reported solid third-quarter results last month that

Chart
Data by YCharts

Source: Shopify

Source: Shopify

Source: Shopify

Source: Shopify

Source: Shopify

Source: Shopify

Source: Shopify

Source: Shopify

Chart
Data by YCharts

This article was written by

The Asian Investor profile picture
17.3K Followers
I look for high-risk, high-reward situations. Five largest portfolio holdings: AMD, Micron, Alibaba, Ethereum, PayPal. Early buyer of cryptocurrencies. I live in Thailand :)

Disclosure: I/we have a beneficial long position in the shares of SHOP either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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