Published on 22 May 2024 on GuruFocus.com via Yahoo Finance
Shopify Inc. (NYSE:SHOP) is a fast-growing company with a rich valuation and small profit margins (for the moment). The stock has sold off over 20% following earnings, providing investors with an opportunity to buy at a discount.
The earnings were overall good, but some investors may have been spooked with the lack of GAAP profitability.
In this analysis, I explain why this is not a real concern, and three reasons I like the stock long term.