Shopify: Buy 'Anti-Amazon' After 80% Declines

Jan. 23, 2023 10:42 AM ETShopify Inc. (SHOP), SHOP:CA14 Comments


  • Shopify stock is down nearly 80% from all-time highs.
  • The company has reported resilient fundamentals in spite of tough comparables and a tough macro backdrop.
  • Profits have vanished this year but may return after the company completes its investment year.
  • Even after the strong bounce from lows, the stock remains compelling here.
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Shopify (NYSE:SHOP) has bounced strongly from recent lows. Why did this happen, and is there more upside to be had? While the company has seen growth decelerate meaningfully in recent quarters, its results were arguably quite strong considering the tough pandemic

Data by YCharts


2022 Q3 Presentation


2022 Q3 Presentation


2022 Q3 Presentation

Shopify logistics

2022 Q3 Presentation

cross-border solutions

2022 Q3 Presentation

Shop App


consensus estimates

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This article was written by

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High conviction investment ideas in the winners of tomorrow.

Julian Lin is a top ranked financial analyst. Julian Lin runs Best Of Breed Growth Stocks, a research service uncovering high conviction ideas in the winners of tomorrow. 

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Disclosure: I/we have a beneficial long position in the shares of SHOP, AFRM, AMZN, GOOGL, GLBE 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.

Additional disclosure: I am long all positions in the Best of Breed Growth Stocks Portfolio.

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