Reported 1 day ago
Shopify's stock rose 37% in 2024 as the e-commerce platform showcased strong growth and profitability, capitalizing on the expanding e-commerce market and moderating inflation. Despite previous challenges, Shopify has rebounded with a 26% revenue increase year-over-year in Q3 and significant gains in international markets. While the stock currently trades at a high valuation, long-term growth prospects remain promising for investors.
Source: YAHOO