Shopify is a hugely successful growth story. The stock has surged 207 per cent in the last year.
But analysts are divided over whether the e-commerce company’s lofty prospects are already priced into what appear to be very expensive shares.
We’ll know more when Shopify releases quarterly earnings results on October 29.
Here’s a roundup of recent commentary from analysts:
Shopify Could Have a Great Quarter. That Doesn’t Mean it’s a Buy – from Barron’s
It’s Not Too Late to Buy Shopify with 23% Upside
Shopify a Great Growth Story But That’s Already Priced In
Related stories: Shopify’s Perfect Timing – Video Interview with Tech Expert Amber Mac
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