Why Shopify Stock Is Probably a Buy After Its Post-Earnings Pullback
The Motley Fool
FEBRUARY 15, 2024
Before the 2022 bear market , you have to go back to 2016, not long after its initial public offering, to find a time when Shopify traded below its current P/S ratio. Unless investor sentiment takes a strongly bearish turn, higher valuations are unlikely to deter prospective buyers.
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