$700 and rising — why investors should stop looking at Shopify stock as a ‘tech darling’

Here is the link.


Financial Post reporter James McLeod talks about Shopify's earnings report and explains what the company's revenue growth means.

This company has a great future and definitely still is today, more than investable. Like anything, wait for at-least a 2-3% pullback which will come. They aren't profitable but clearly the market hasn't given two shits about profitability for the last 10+ years and only cares about future speculation (i.e. Tesla and Amazon). On that front, Shopify has endless future potential and probably one of the most exciting "tech-ish stocks" in the entire world markets. Only time will tell if they can start to compete with Amazon on a logistical, AI and fulfillment process level, but its certainly a stock that will for sure beat Constellation Software on a stock value price (which is in the 1450-1500) mark. If Shopify posts solid to historical earnings as the year progresses, the stock will reach 1000 by year end.