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Shopify Inc. (TSX:SHOP)(NYSE:SHOP) stock fell this morning despite its impressive Q4 results. Let’s find out why you think it’s a great opportunity for investors to buy its stock cheap and hold it forever.
Are you surprised seeing the title? The entire stock market has been bullish on Shopify (TSX:SHOP)(NYSE:SHOP) for the last seven months. This company emerged to challenge the likes of Amazon in the e-commerce services for third-party sellers. Even now, when I say don’t buy Shopify stock, it doesn’t mean I am bearish on the stock. The company still has immense growth potential, but investor expectations are even higher. The company still needs time to fundamentally justify the $1,500 stock price. Long -term growth potential Before the pandemic, Shopify’s revenue growth rate decel...